Sign In
Upcoming Event
Free Newsletter
Executives from recipient nonprofit organizations as well as leaders from Provident Bank pose to celebrate 2025 NRTC awards. - PROVIDED BY PROVIDENT BANK
Executives from recipient nonprofit organizations as well as leaders from Provident Bank pose to celebrate 2025 NRTC awards. - PROVIDED BY PROVIDENT BANK
DCA awards $14.25M for neighborhood revitalization projects
Jessica Perry//June 24, 2026//
Listen to this articleThe New Jersey Department of Community Affairs will award $14.25 million under the Neighborhood Revitalization Tax Credit program for 2026.
DCA announced the funding for Fiscal Year 2026 June 22. The 28 awards (see below) will go to nonprofit organizations that span the state to create impact in their communities.
The NRTC program supports community-based organizations working to strengthen neighborhoods through investments in housing, economic development, community services and quality-of-life initiatives.
Nonprofits may also use funding to support activities such as:
- Construction and rehabilitation of housing units
- Creation of commercial facilities
- Assistance to small businesses and microenterprises
- Employment training
- Open space improvements
- Social and community services
- Recreation activities
- Crime prevention initiatives
- Community outreach activities
NRTC provides businesses a 100% tax credit for funds provided to these on-the-ground organizations. In turn, nonprofit entities must use at least 60% of the funds for housing and economic development.
According to DCA Commissioner Jacquelyn Suárez, these groups “are helping to build stronger, safer and more vibrant communities for residents.”
DCA Assistant Commissioner Janel Winter said the ground-up approach strengthens the NRTC program.
Winter also serves as director of the division of housing and community resources. “By supporting neighborhood-based organizations that understand local needs and priorities, the program helps create sustainable improvements that benefit residents and businesses alike,” she added.
A total $15 million is available per year, under NRTC. The maximum amount per application is $800,000. According to DCA, 5% of total revenue is used for program administration.
Expanding NRTC
In March, a bill to increase the annual program limit to $65 million was referred to the Senate and Budget Appropriations Committee. Democratic Sens. Troy Singleton, 7th District, and Angela McKnight, 31st District, are primary sponsors. In a statement issued that same month, Singleton noted the Neighborhood Revitalization Tax Credit Program ” has a proven track record of transforming communities and leveraging private investment in neighborhoods that need it most.”
Added McKnight, “For more than two decades, this program has fostered public-private partnerships that directly invest in neighborhoods. Expanding the credit will allow more communities to participate, attract additional corporate partners, and accelerate projects that create affordable housing, support small businesses, and strengthen local economies.”
To qualify, nonprofit community-based organizations must have an approved NRTC Neighborhood Plan for an eligible applicant neighborhood. These areas meet distress criteria based on U.S. Census and HUD data, DCA said, and must consist primarily of low- and moderate-income households.
Participating companies below contributed funding to projects to receive the state Neighborhood Revitalization Tax Credit:
| CITY | APPLICANT ORGANIZATION | NEIGHBORHOOD | AWARD | CONTRIBUTORS |
Atlantic City |
Atlantic Cape Community College |
Inlet |
$800,000 |
Tropicana Atlantic City Corp.Ocean Casino Resort Holdings LLC |
Atlantic City |
Atlantic County Economic Alliance |
Ducktown |
$800,000 |
Fulton Bank NA |
Atlantic City |
Atlantic County Economic Alliance |
Northeast |
$475,000 |
Parke Bank |
Atlantic City |
Atlanticare Foundation |
Midtown |
$385,000 |
PNC Bank Southern New JerseyOceanFirst Bank NAOcean Casino Resort Holdings LLC |
New Brunswick |
Catholic Charities, Diocese of Metuchen |
Unity Square |
$100,000 |
Mid Penn Bank |
Atlantic City |
Chelsea Economic Development Corp. |
Chelsea |
$800,000 |
Tropicana Atlantic City Corp. |
Newark |
Clinton Hill Community Action |
Essex |
$418,333 |
Provident BankPNC Bank NorthGlass Gardens Inc. |
Garfield |
Greater Bergen Community Action Inc. |
River to Rail |
$250,000 |
M&T Bank |
Orange |
HANDS Inc. |
Heart of Orange |
$470,000 |
Provident BankSantander Bank NA |
West Orange |
HANDS Inc. |
The Valley |
$182,917 |
Provident BankValley National BankPeapack-Gladstone Mortgage Group |
Camden |
Heart of Camden |
Waterfront South |
$800,000 |
Holman Enterprises Inc.PNC Bank Southern New JerseyNew Jersey American WaterCSC Brands LP (Campbell Soup Co.) |
Millville |
Holly City Development Corp. |
Center City Millville |
$323,750 |
Ocean First Bank NAMillville Savings Bank |
Trenton |
Isles Inc. |
East Trenton |
$800,000 |
New Jersey Manufacturers Insurance Co.Provident BankCustomers BankM&T BankSantander Bank N.A |
Trenton |
Isles Inc. |
Downtown Trenton |
$800,000 |
New Jersey Manufacturers Insurance Co.Provident BankOceanFirst Bank NAWells Fargo Bank |
Perth Amboy |
Jewish Renaissance Foundation Inc. |
Perth Amboy Alliance for Community (PAAC) |
$800,000 |
Provident BankPeoples Security Bank and Trust Co.Valley National BankPNC Bank NorthWellpoint New Jersey Inc.Glass Gardens Inc. |
New Brunswick |
New Brunswick Tomorrow |
Esperanza |
$700,000 |
Provident BankNew Jersey Re-Insurance Co.OceanFirst Bank NAPeoples Security Bank and Trust Co.Magyar BankPNC Bank North |
New Brunswick |
New Brunswick Tomorrow |
Livington Avenue South |
$166,507 |
Provident BankMid Penn BankSantander Bank NA |
Paterson |
New Jersey Community Development Corp. |
Great Falls |
$800,000 |
Provident BankValley National BankPNC Bank NorthWellpoint New Jersey, Inc. |
Phillipsburg |
NORWESCAP |
South Main Street |
$528,750 |
First Hope BankProvident BankValley National BankPNC Bank NorthMcWane, Inc. |
Sussex Borough |
NORWESCAP |
Sussex Borough |
$162,500 |
First Hope BankProvident Bank |
Camden |
Parkside Business & Community in Partnership Inc. |
Parkside |
$800,000 |
New Jersey American Water |
Paterson |
Paterson Habitat for Humanity |
Eastside |
$150,000 |
Provident BankValley National Bank |
Passaic |
Paterson Habitat for Humanity |
Rosa Parks |
$223,750 |
Provident BankValley National BankPNC Bank NorthBendheim LLC |
Camden |
Saint Joseph’s Carpenter Society |
East Camden |
$800,000 |
Holman Enterprises Inc. |
Trenton |
Trenton Health Team Inc. |
North Trenton/ Battle Monument |
$688,493 |
New Jersey Manufacturers Insurance CompanyProvident BankCustomers Bank |
Paulsboro |
Tri-County Community Action Agency Inc. (t/a Gateway Community Action Partnership) |
Paulsboro Pride |
$175,000 |
Holman Enterprises Inc.Fulton Bank NA |
Bridgeton |
Tri-County Community Action Agency Inc. (t/a Gateway Community Action Partnership) |
Gateway |
$50,000 |
PNC Bank Southern New Jersey |
Newark |
Urban League of Essex County |
Fairmount |
$800,000 |
Provident BankM&T BankSantander Bank NA |
