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

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.