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.
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.
“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.”
About Columbia Bank
Founded in 1927 and headquartered in Fair Lawn, NJ, Columbia Bank has an expansive branch network with more than 60 locations, various regional lending centers and an asset base of approximately $10.1 billion. Columbia Bank and its affiliates offer a full suite of consumer and commercial products, flexible financing options, modern digital banking solutions, as well as title, investment, insurance and wealth management services. Community impact and customer service continue to be a differentiator for the Bank. Columbia Bank is proud to have nearly 100% employee participation through its “Team Columbia” volunteering program and was nationally recognized by the Bank Customer Experience Summit for “Best Branch Experience.” For more information about Columbia Bank’s complete line of products and services, visit www.ColumbiaBankOnline.com. Follow Columbia Bank on: Facebook, Instagram, Twitter, YouTube & Linked In.