Lakeland Bank is pleased to announce that its application to participate in the Neighborhood Revitalization Tax Credit Program (NRTC) 2018 Qualified Projects Pool offered through the New Jersey Department of Community Affairs (NJCDC) has been accepted, and the Bank will donate $100,000 to Paterson Habitat for Humanity.
“Lakeland Bank is pleased that our application was accepted again this year and that we can continue to support creating opportunities that enhance the quality of life for the residents living in the City of Paterson,” said Thomas J. Shara, president and chief executive officer, Lakeland Bank.
The NRTC program is designed to foster the revitalization of New Jersey’s most distressed neighborhoods, and Lakeland’s donation to the Paterson Habitat for Humanity organization will help finance the Building Pride project in Northside which includes the demolition of a vacant and abandoned housing unit, an infill housing development, the development of public green spaces and a micro-grant program for microenterprises.
“Lakeland Bank’s long-term commitment to the residents of Paterson, the Northside Neighborhood and Paterson Habitat for Humanity is helping to change the direction of this neighborhood and the families that call it home. The support of Lakeland Bank, and our other NRTC sponsors, is critical to accomplishing our work. We are grateful for their support,” said Scott Millard, chief executive officer, Paterson Habitat for Humanity.