New Jersey Community Capital Invests $3.5 Million in Workforce Housing Portfolio in Washington D.C.
New Jersey Community Capital (NJCC) has invested $3.5 million in preferred equity to preserve 118 workforce housing units at The Luzon and The Van Buren properties in Washington, D.C. This investment supports long-term affordability without displacing current residents and complements senior financing from Hingham Institution for Savings.
Topics: CDFI activity preferred equity investment workforce housing