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Columbia Bank Invests $95,000 to Support Greater Bergen Community Action and Habitat for Humanity of Greater Newark

Press Release Image Newark New Jersey scaled

the staff of the Ridgewood blog

Fair Lawn NJ,  Columbia Bank is proud to announce it has invested $95,000 in  Neighborhood Revitalization Tax Credit Funds to support Greater Bergen Community Action, Inc. (GBCA) and  Habitat for Humanity of Greater Newark, Inc. (HFHGN). The funds will be utilized to fulfill comprehensive  restoration plans for housing and economic development, supportive services, and other neighborhood  regeneration activities. 

The monies for GBCA will assist the River to Rail Neighborhood District in Garfield, New Jersey, a historically  disenfranchised and underserved community. Strategic project activities include filling vacant storefronts in  the business district, improving the economic stability of the neighborhood, and helping to boost household  wealth, while increasing property values and the town’s aesthetics. Additionally, the funding will support a  residential rehabilitation program to revitalize properties and raise household equity and values throughout  the neighborhood. 

Press Release Image Garfield New Jersey

HFHGN funding will aid in the preservation and regeneration of Habitat Newark’s West and Central Village  neighborhood, where residents are socioeconomically insufficient compared to other areas in the city and  state. The targeted, equitable investment will help meet the need for affordable housing, community  resources, and transformation of the area into a community of choice. 

Garfield, New Jersey. Getty Images Newark, New Jersey. Getty Images

“Columbia Bank is committed to addressing the needs of the communities we serve, most importantly,  contributing to neighborhood investment and economic development opportunities. We are happy to  support Greater Bergen Community Action and Habitat for Humanity of Greater Newark, and to do our part  to help build more vibrant, resilient communities,” said, Thomas J. Kemly, President and CEO of Columbia  Bank.” 

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