Neighborhood Revitalization Tax Credit Planning 24
Neighborhood Revitalization Tax Credit Planning 24 supports nonprofits in preparing neighborhood plans that meet program requirements, with residents of an identified neighborhood as the intended beneficiaries.
Funder: New Jersey Department of Community Affairs
Due Dates: December 31, 2026 (Application initiation and submission)
Funding Amounts: Up to $50,000 per award; $438,000 estimated total funding; 18-month completion timeframe
Summary: Supports qualified nonprofits in preparing neighborhood plans that meet Neighborhood Revitalization Tax Credit program requirements.
Key Information: Applicants must plan to operate within a Neighborhood Revitalization Tax Credit eligible municipality.
Description
The New Jersey Department of Community Affairs offers this planning grant through its Division of Housing and Community Resources. It assists qualified nonprofit organizations with preparing a neighborhood plan that meets Neighborhood Revitalization Tax Credit program requirements. The intended population served is residents of an identified neighborhood within an eligible municipality.
The supported work focuses on neighborhood plan preparation rather than implementation. Funding can support personnel, professional services, and limited operating costs associated with that planning work. Applications are reviewed using standardized criteria and consideration of each applicant’s feasibility, with funding decisions involving the Division Director, Assistant Commissioner, and Commissioner.
