New Jersey Community Capital (Community Loan Fund of New Jersey)

Quick Facts

Entity Synopsis

108 CHURCH STREET, 3RD FLOOR NEW BRUNSWICK, NJ 08901

(732) 640-2061

mail@njclf.com

New Jersey Community Capital is a statewide nonprofit loan fund that provides innovative financing solutions and meaningful technical assistance in underserved communities throughout New Jersey. NJCC is the largest community development financial institution headquartered in New Jersey and is the leading lender to charter schools in the state. Its various lending programs for charter schools range from acquisition and construction financing to mini-permanent and permanent financing to leasehold improvement, lease guaranties, and short-term working capital loans. NJCC's low cost financing options have supported more than 20,000 charter school seats representing more than 45 charter school campuses in New Jersey, New York, and Washington, DC. By investing in financially sound, socially-motivated projects that are often unable to access capital from conventional sources, NJCC improves social outcomes while providing a reliable financial return to our investors. In recent years, NJCC has designed innovative strategies to mitigate the problems of the foreclosure crisis. Additionally, NJCC created several successful initiatives to support New Jersey's recovery from Superstorm Sandy and the COVID-19 pandemic. Meanwhile, NJCC continues to provide portfolio management, financial training, research sponsorship, and policy advocacy to advance the community development industry in New Jersey.

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Abstract for 2006 grant not available.

Entity Snapshot

2006
Total CSP Funds:
$8,150,000.00
Total Directly Enhanced:
$111,871,855
Total Financing Leveraged:
$232,730,378
Number of Schools Served:
70
Number of New Schools Served:
39
2016
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$18,345,000
Total Financing Leveraged:
$38,760,841
Number of Schools Served:
20
Number of New Schools Served:
11

Locations Served by CE Lender

ACADEMY CHARTER HIGH SCHOOL

ACADEMY CHARTER HIGH SCHOOL

ACADEMY FOR URBAN LEADERSHIP CHARTER SCHOOL

ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL

ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL

BARACK OBAMA GREEN CHARTER HIGH SCHOOL

BELOVED COMMUNITY CHARTER SCHOOL

BELOVED COMMUNITY CHARTER SCHOOL

BELOVED COMMUNITY CHARTER SCHOOL

BELOVED COMMUNITY CHARTER SCHOOL

BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL

BRIDGETON PUBLIC CHARTER SCHOOL

BRIDGETON PUBLIC CHARTER SCHOOL

BRIDGETON PUBLIC CHARTER SCHOOL

BRIDGETON PUBLIC CHARTER SCHOOL

CENTRAL JERSEY ARTS CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL

COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL

COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL

COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL

COLLEGE ACHIEVE PATERSON CHARTER SCHOOL

COLLEGE ACHIEVE PATERSON CHARTER SCHOOL

COLLEGE ACHIEVE PATERSON CHARTER SCHOOL

COMMUNITY CHARTER SCHOOL OF PATERSON

DISCOVERY CHARTER SCHOOL

DR. LENA EDWARDS ACADEMIC CHARTER SCHOOL

E.L. HAYNES PUBLIC CHARTER SCHOOL

EMPOWERMENT ACADEMY CHARTER SCHOOL

FOUNDATION ACADEMY CHARTER SCHOOL

FOUNDATION ACADEMY CHARTER SCHOOL

GREAT OAKS CHARTER SCHOOL

GREATER BRUNSWICK CHARTER SCHOOL

GREATER BRUNSWICK CHARTER SCHOOL

HOBOKEN CHARTER SCHOOL

HOBOKEN CHARTER SCHOOL

HOPE ACADEMY CHARTER SCHOOL

HOPE ACADEMY CHARTER SCHOOL

HOPE ACADEMY CHARTER SCHOOL

JERSEY CITY COMMUNITY CHARTER SCHOOL

JERSEY CITY GLOBAL CHARTER SCHOOL

JERSEY CITY GLOBAL CHARTER SCHOOL

JERSEY CITY GLOBAL CHARTER SCHOOL

JOHN P. HOLLAND CHARTER SCHOOL

JOHN P. HOLLAND CHARTER SCHOOL

KINGDOM CHARTER SCHOOL OF LEADERSHIP

KINGDOM CHARTER SCHOOL OF LEADERSHIP

LEAD CHARTER SCHOOL

LEAD CHARTER SCHOOL

LEAD CHARTER SCHOOL

LEAD CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MARION P. THOMAS CHARTER SCHOOL

MERCER ARTS CHARTER HIGH SCHOOL

MILLVILLE PUBLIC CHARTER SCHOOL

MILLVILLE PUBLIC CHARTER SCHOOL

MILLVILLE PUBLIC CHARTER SCHOOL

MILLVILLE PUBLIC CHARTER SCHOOL

MILLVILLE PUBLIC CHARTER SCHOOL

NEWARK EDUCATORS COMMUNITY CHARTER SCHOOL

NORTH STAR ACADEMY CHARTER SCHOOL

PAUL ROBESEON CHARTER SCHOOL

PAUL ROBESEON CHARTER SCHOOL

PAUL ROBESON CHARTER SCHOOL

PAUL ROBESON CHARTER SCHOOL

PRINCIPLE ACADEMY CHARTER SCHOOL

SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY

SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY

SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY

SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY

TEAM ACADEMY CHARTER SCHOOL

TEAM ACADEMY CHARTER SCHOOL

TEAM ACADEMY CHARTER SCHOOL

TEANECK COMMUNITY CHARTER SCHOOL

UNITY CHARTER SCHOOL

UNITY CHARTER SCHOOL

UNIVERSITY HEIGHTS CHARTER SCHOOL

VINELAND PUBLIC CHARTER SCHOOL

VINELAND PUBLIC CHARTER SCHOOL

VINELAND PUBLIC CHARTER SCHOOL

VINELAND PUBLIC CHARTER SCHOOL

VINELAND PUBLIC CHARTER SCHOOL

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
ACADEMY CHARTER HIGH SCHOOL 2006

2010

$2,647,000.00 $65,680.60
ACADEMY CHARTER HIGH SCHOOL 2006

2013

$130,000.00 $70,000.00
ACADEMY FOR URBAN LEADERSHIP CHARTER SCHOOL 2006

2012

$400,000.00 $140,000.00
ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL 2006

2019

$333,330.00 $200,000.00
ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL 2016

2019

$333,330.00 $100,000.00
BARACK OBAMA GREEN CHARTER HIGH SCHOOL 2006

2011

$4,850,000.00 $175,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2015

$250,000.00 $250,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2015

$300,000.00 $300,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2016

$12,500,000.00 $728,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2016

2018

$15,268,503.00 $3,580,000.00
BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL 2006

2017

$2,650,000.00 $244,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2016

2018

$300,000.00 $50,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2016

2019

$477,233.00 $50,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2006

2016

$264,000.00 $75,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2006

2017

$275,000.00 $100,000.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender