Pallone Announces Over $1.8 Million To Underserved Communities

LONG BRANCH, NJ – Congressman Frank Pallone, Jr. recently announced that New Jersey Community Capital in New Brunswick would receive $1,826,265 to respond to economic challenges caused by the COVID-19 pandemic from the Department of Treasury’s Community Development Financial Institutions Rapid Response Program.

New Jersey Community Capital is a non-profit community development financial institution that provides underserved communities with access to funding to expand affordable housing, support small businesses, and strengthen communities.

“I’m proud to announce that more help is on the way for communities in New Jersey that have been hit hard by the COVID-19 pandemic. One of the best ways we can rebuild our economy equitably is to make sure that underserved communities have access to funding that they can quickly invest in local businesses, hardworking families, and local facilities,” Pallone said in a press release.

“This funding will help ensure that we rebuild our economy back so that all New Jerseyans have access to the opportunities they deserve.”