Jeff Van Drew (R-NJ02)

Impact in the District

Between 2005 and 2023, there was $172.4 million in total lending from CDFI Fund award recipients, including $61.7 million in loans to businesses and entrepreneurs, $58.4 million in housing development and mortgage lending, $37.6 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Bridgeton Food Specialization Center
New construction of a light industrial facility.
Brown Hornet Fitness
Roland couldn't find a bank to share his passion of health and fitness training. Then UCEDC stepped in and Brown Hornet Fitness was off and running.
CHC & Calvert Announce Investment and Collaboration with NJCC to Support Acquisition and Rehab of Homes Affected by Superstorm Sandy
$7 Million Loan to New Jersey Community Capital’s Community Asset Preservation Corporation to Rehabilitate Abandoned and Foreclosed Homes in New Jersey.
CompleteCare Bridgeton Downtown Redevelopment
CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, combined two current Bridgeton-based CompleteCare locations into one, as well as some services currently contained in other areas of Cumberland County, while offering availability for two additional tenants.
Increasing New Jersey’s Supply of Senior Housing
In December of 2021, the Leviticus Fund joined with three other nonprofit lenders to create an $11 million revolving construction loan to support development of a new 148-unit mixed-income, for-sale condominium project in Barnegat, New Jersey, called Coastal Woods. The project is being developed by the nonprofit, Homes Now, Inc. and blends affordable and middle-income for-sale homes that will be age restricted.
New Housing Lottery In Atlantic City Helps Residents Make Purchasing A Home More Accessible
Four lucky winners have been drawn, each receiving the keys to newly constructed, deeply discounted homes in Venice Park, a significant step toward realizing the dream of homeownership.
CDFIs with Branches in the District
There are no CDFI branches in the district. However, there may be CDFIs and CDFI investment.

Map of CDFI Branches and Stories in

New Jersey Fact Sheet