Provident Bank Announces $950,000 in NRTC Funding Awards to Ten New Jersey Non-Profit Organizations

Core Points - Provident Bank has awarded $950,000 in funding to ten non-profit organizations through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2025 [1][2] - The funding will support revitalization plans focusing on housing, economic development, entrepreneurship, job training, social services, recreational activities, and open space improvements [1][2] - The NRTC Program aims to rejuvenate neighborhoods at risk of downturns through community-driven strategies and corporate financial contributions [4][5] Funding Distribution - Clinton Hill Community Action received $100,000 for revitalization in Newark [3] - Greater Bergen Community Action received $50,000 for improvements in Garfield [3] - HANDS, Inc. received $50,000 for advancements in Orange [3] - Isles, Inc. received $150,000 for youth development and community revitalization in Trenton [3] - Jewish Renaissance Foundation received $150,000 for the Perth Amboy Alliance for Community 2025 [3] - New Jersey Community Development Corporation received $100,000 for improvements in Paterson [3] - NORWESCAP South Main Street received $50,000 for revitalization in Phillipsburg [3] - NORWESCAP Sussex Borough received $50,000 for revitalization in Sussex Borough [3] - Paterson Habitat for Humanity received $150,000 for community development in Paterson [3] - Perth Amboy Redevelopment Team received $100,000 for community improvements in Perth Amboy [3] About Provident Bank - Provident Bank, founded in 1839, is New Jersey's oldest community-focused financial institution with assets of $24.05 billion as of December 31, 2024 [7] - The bank offers a range of financial solutions through 140 branches across New Jersey and parts of New York and Pennsylvania, as well as mobile and online banking [7] - Provident Bank also provides fiduciary and wealth management services through its subsidiary, Beacon Trust Company, and insurance services through Provident Protection Plus, Inc. [7]