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New Jersey Community Development Entity, LLC
Trenton NJNew Jersey Community Development Entity (NJCDE) will provide economic development loans for both businesses and real estate development projects and construction loans for the development of for-sale housing. These loans can be used to fill financing gaps to advance economic development projects that need additional capital.
CDFI Awards for New Jersey Community Development Entity, LLC
NMTC (2003) - $125,000,000
Through its allocation, NJCDE can offer either mezzanine or permanent loans made at below-market rates with terms no less than seven years and interest-only payments for seven years. NJCDE can also leverage and expand the amount of construction loan capital for homeownership development, which is currently insufficient to meet demand, thereby increasing the number of affordable homeownership developments.
Other Community Development Financial Institutions in New Jersey
Elizabeth Development Company
Elizabeth
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