Neighborhood and Community Revitalization Program
The State has implemented a Neighborhood and Community Revitalization Program (NCR), funded with $75 million in Community Development Block Grant (CDBG) Disaster Recovery funds, that incorporates three separate initiatives.
First, the Streetscape Revitalization Grant Program, to which the State has allocated $10 million of NCR funds, offers grants to commercial corridors in the most impacted towns and cities throughout the State. Second, the State set aside $2.5 million of NCR funds for Community Development Financial Institutions (CDFIs) to support micro-lending for businesses. Lastly, the remainder of NCR funding is directed to support large economic revitalization projects through the Development and Improvement Program.
The Neighborhood and Community Revitalization Program supports projects located throughout the state, with a focus on the nine most Sandy impacted counties of Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, and Union, as defined by the federal government.
For more information about the Neighborhood and Community Revitalization Program, please visit the NJEDA website.