New Jersey American Water Awards Nearly $1 Million to Support Community Development Projects Across Camden and Salem Cities
2024年5月21日 - 12:52AM
ビジネスワイヤ(英語)
Funds Awarded Through State’s Neighborhood
Revitalization Tax Credit Program
New Jersey American Water today announced the distribution of
$950,000 in Neighborhood Revitalization Tax Credit (NRTC) funding
to two local New Jersey nonprofit organizations: Camden Lutheran
Housing Inc. and Stand Up for Salem, which were announced in
coordination with the N.J. Department of Community Affairs (DCA).
These grants will be used to fund affordable housing development
and maintenance; community outreach initiatives and organizing
support; historic preservation; and business development and career
trades training.
New Jersey American Water’s 2024 NRTC funding, totaling
$950,000, will support 10 projects across these two nonprofit
organizations, in collaboration with numerous local partners, as
follows:
- $247,000 to Camden Lutheran Housing Inc. (CLHI): CLHI
partners with and supports North Camden residents through various
community restoration and improvement initiatives. This grant will
help support the community development work outlined in North
Camden residents’ neighborhood plan. Community projects will focus
on developing and maintaining affordable homeownership housing for
residents, supporting community engagement through events and
initiatives, installing decorative board ups at abandoned
properties to beautify North Camden, and restoring the 290-year-old
historic Benjamin Cooper House and transforming it into a museum
for community use.
- $702,500 to Stand Up for Salem: Stand Up for Salem
supports community-driven neighborhood planning and revitalization
in the Center of Salem neighborhood of Salem City. This grant will
fund a variety of local projects to revitalize Center of Salem and
help the neighborhood reach its full potential. These projects
include initial training and workforce development sessions at the
new Career Trades Training Center, a business incubator for local
entrepreneurs and small businesses, a home repair assistance
program for low-and moderate-income homeowners, and local community
organizing and engagement efforts.
“At our core, we’re dedicated to delivering more than just water
services,” said Mark McDonough, President, New Jersey American
Water. “Our mission extends to nurturing the very fabric of the
communities we serve through strategic investments in programs,
organizations, and initiatives that create tangible benefits for
residents. We are proud to continue our legacy of giving back and
we support the vital community development and revitalization work
that Camden Lutheran Housing Inc. and Stand Up for Salem are doing
locally.”
“This NRTC grant delivers the support we need to turn residents’
vision for a stronger, more vibrant North Camden into a reality,”
said Brandi Johnson, Executive Director, Camden Lutheran Housing
Inc. “New Jersey American Water’s partnership will help us advance
projects that will improve the neighborhood, including expanding
affordable housing for residents who currently spend more than 30%
of their income on housing and ongoing home maintenance and
repairs.”
“We are so grateful that New Jersey American Water shares our
vision of a thriving, revitalized Center of Salem,” said Betsy
McBride, Executive Director, Stand Up For Salem. “This grant
supports a range of community programs and projects designed to
address existing socioeconomic and housing challenges and create
more opportunities for Salem residents through workforce training,
a small business incubation program, and efforts to preserve and
maintain the neighborhood’s housing stock through proactive
repairs.”
Since 2010, New Jersey American Water has provided approximately
$12 million in grants to community initiatives in its service areas
through the Neighborhood Revitalization Tax Credit program.
Approximately $10.1 million of that total has been awarded to
Camden initiatives.
New Jersey American Water has been the water service provider
for the Cramer Hill and eastern parts of the City of Camden for
more than 130 years and will soon be the water and sewer service
provider for the City of Salem, having won a ballot referendum in
November 2023 to purchase the city’s systems. The company is
working toward a seamless transition and expects to close the
transaction mid-2024, following approval from the New Jersey Board
of Public Utilities.
The NRTC Program, which is administered by DCA’s Division of
Housing and Community Resources, is designed to spur the renewal of
distressed neighborhoods through strategies developed by residents
and the community-based nonprofit organizations that assist them.
These local organizations prepare, submit, and receive approval
from DCA for multi-year revitalization plans for the neighborhoods
they serve. The approved projects are listed in a qualified
projects pool from which companies request the ones they wish to
support. New Jersey American Water’s application to award grants to
these organizations through the NRTC program was approved by the
DCA in December 2023.
In addition to New Jersey American Water being the water
services provider for Cramer Hill and East Camden, American Water
Contract Services has been the contract operator for Camden’s water
and wastewater system since 2016. To learn more about American
Water’s ongoing partnership with the Camden community, view the
Annual Camden Community Investment Report here.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About New Jersey American Water
New Jersey American Water, a subsidiary of American Water, is
the largest regulated water utility in the state, providing
high-quality and reliable water and/or wastewater services to
approximately 2.9 million people. For more information, visit
www.newjerseyamwater.com and follow New Jersey American Water on
LinkedIn, Facebook, X, and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240520358366/en/
Media Contact: Denise Venuti Free Sr. Director of
Communications & External Affairs New Jersey American Water
856-955-4874 Denise.Free@amwater.com
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