Agencies like New Community Corporation pack a serious punch when it comes to contributing to New Jersey’s economic activity, a recent report shows.
The report, titled “Stronger Together,” illustrates how community development corporations across the state have contributed approximately $12 billion to the state’s economic activity over the last 25 years.
Staci Berger, CEO of the Housing and Community Development Network of New Jersey, which produced the report, and elected and community leaders gathered at New Community’s headquarters at St. Joseph Plaza to officially release the report and laud the progress of CDCs, specifically in Essex and Union counties. NCC is a member organization of the HCDNNJ.
Richard Rohrman, CEO of New Community, highlighted the major housing rehabilitation project of the Manor housing units for seniors and families during his remarks as a prime example of NCC’s investment in the community.
“New Community is continuing to strengthen the economy of our region with our latest housing rehabilitation project in Newark, which is investing $15.5 million into significantly improving the quality of life for more than 500 residents living in our New Community Manor property,” Rohrman said. “By committing to help the most vulnerable residents, including low-income seniors and the disabled, we aim to ensure that Newark’s economic progress is sustainable and includes all members of the community.”
Mayor Ras Baraka offered words of praise but also reminded the group “that we have a lot of work to do.”
Baraka was joined by other elected officials including state Assemblywoman Sheila Oliver (D-Essex) and Elizabeth Mayor Christian Bollwage, who also gave remarks.
“Our spheres of influence may be in different areas, but we share a lot of common ground,” Rohrman said. “Just like all of you, we are in it for the long haul,” he added.
