I Love Greenville Community Plan Receives NRTC Funding for the Third Year in a Row!
May 13, 2019 Jersey City, NJ – With immense gratitude and great pride, the Greenville Community Partnership (GCP) announces receipt of Neighborhood Revitalization Tax Credit (NRTC) Program funding for the FY2019 application cycle! For the third year in a row, GCP has received NRTC funding which support activities intending to make the I Love Greenville Community Plan area a safe place to Live, Work, Play and Create!
The NRTC award of $719,750 will support continued execution of neighborhood improvement initiatives outlined in the I Love Greenville Community Plan and is due to generous program investments by the following values-driven corporations: Horizon Healthcare Services, Investors Bank, M&T Bank, Provident Bank & Valley National Bank.
These funds will support projects and programs executed by longstanding GCP members - Garden State Episcopal Community Development Corporation and Rising Tide Capital - along with newly participating organizations – Jersey City Medical Center Foundation, Jersey City Theater Company and Kismet of Kings. See project descriptions listed below:
Garden State Episcopal CDC Greenville Home Ownership Initiative
Acquisition of 4 vacant lots to develop affordable housing: Construction of 4 two-family homes to be sold to moderate-income buyers.
Jersey City Medical Center Foundation Professional Development in the Tigers Den
Provide job readiness training, medical certifications and paid summer internships for Snyder High School students.
Jersey City Theater Center Stories of Greenville
Arts & culture programming engaging Greenville artists and other community members to develop and present multiple genres of art.
Kismet of Kings Jersey City Level Up
Provide academic and character development programming for young men of color.
Rising Tide Capital Greenville Entrepreneurial Training & Business Development
Increase viability of local businesses through continued training and technical support services.
This year’s five (5) highly prioritized I Love Greenville Community Plan activities demonstrate the commitment of local nonprofit organizations to the GCP target area, highlight the collaborative and inclusive nature of the GCP effort, and leverage the new investments in the neighborhood to benefit all residents. Created with input from over 500 community stakeholders and approved for NRTC program participation in 2013, the I Love Greenville Community Plan aims to address quality of life issues related to housing, employment, education, health and wellness and economic development.
The NRTC program, administered by the NJ Department of Community Affairs, offers business entities an 80% tax credit for their investment in revitalization activities executed in low- and moderate-income neighborhoods throughout New Jersey. Non-profit organizations, with approved NRTC plans, can receive up to 1 million dollars each year to execute plan goals and strategies. At least 60% of the funds must be applied to affordable housing and economic development projects, with the balance supporting other activities and services, which promote neighborhood revitalization. To date, the I Love Greenville Community Plan has received over $2.5 million dollars to deliver quality housing and programming to benefit target area stakeholders.
Prior I Love Greenville Community Plan corporate investors include: PNC Bank, Horizon Blue Cross & Blue Shield of New Jersey, Dixon Advisory, JP Morgan Chase, Sealy Mattress of Paterson, Boiling Springs Savings Bank and Sterling National Bank. Their total NRTC investment is supporting GCP area stakeholders in the following ways:
-Implementation of health & wellness programs for seniors, financial literacy & volunteer programs for youth
-Recruitment of GCP area entrepreneurs for business training courses to start local businesses
-Creation of homeownership opportunities for 10 moderate-income first-time buyers
-Increased number of affordable rentals units by 8-10 units
-Providing life skills training and peer mediation workshops for youth and young adults
-Execution of after-school programs for elementary school students & employ high school students as tutors & music teachers
-Improved economic mobility by providing full scholarships for Licensed Practical Nurse (LPN) or Registered Nurse (RN) certification
Facilitated by Garden State Episcopal CDC and in partnership with several non-profit organizations, residents, houses of worship, block associations, and other stakeholders -- the I Love Greenville Community Plan is a grassroots approach to community transformation by encouraging dialogue, collaboration and activating the community to address key issues.
For more information on the NRTC Program visit -- www.nj.gov/dca/divisions/dhcr/offices/nrtc.html
Growing Prominence, Prosperity & Pride in Greenville JC!