(NEW BRUNSWICK, NJ) -- New Jersey Community Capital (NJCC) has been awarded a $185,000 grant from the National Fair Housing Alliance’s (NFHA) Inclusive Communities Fund Grant program to help people access equitable housing opportunities and promote stable, healthy, viable communities. These funds were made available as part of last year’s historic settlement with Fannie Mae that provided $35 million to promote homeownership, neighborhood stabilization, access to credit, property rehabilitation, and residential development.
“As an organization that is dedicated to building more affordable housing options, this funding is essential to making sustained and meaningful impacts across the state,” said Bernel Hall, President and CEO of NJCC. “We are grateful to NFHA in allowing us to receive this grant and are thrilled to continue leading the way in creating equitable development and accessible home buying opportunities for communities regardless of economic status.”
The Inclusive Communities Fund Grant Program invests fair housing settlement funds intended for community relief into neighborhoods or populations that have been destabilized by housing discrimination. The Inclusive Communities Fund empowers all individuals to access safe, sustainable housing of choice; creates inclusive, healthy, and well-resourced neighborhoods; and addresses systemic barriers that limit equitable housing opportunities for everyone.
“Too many neighborhoods have been destabilized by systemic housing discrimination. We are ready to invest in these areas to rebuild communities of color,” said Lisa Rice, President and CEO of NFHA. “By partnering with NJCC, we will revitalize block after block, the neighborhoods most impacted by the 2008 mortgage crisis, and build more inclusive and equitable communities. We look forward to working with our partners to ensure everyone has access to safe, sustainable, and fair housing choices and well-resourced neighborhoods.”
This grant will allow NJCC to support community members throughout the whole process of financing and purchasing a home.
New Jersey Community Capital (NJCC) is a nonprofit community development financial institution (CDFI) that provides an innovative toolkit of financial products, programs and services to advance equity and opportunity in underserved communities. NJCC supports the preservation and development of affordable housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods to ensure that communities can thrive.
NJCC is part of the NeighborWorks network, an affiliation of more than 240 nonprofit organizations located in every state, the District of Columbia and Puerto Rico. The NeighborWorks network was founded and is supported by NeighborWorks America, which creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.
The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.
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