The Housing and Community Development Network of New Jersey’s economic impact report, Stronger Together, which ESI contributed on, was featured on WMBC-TV on Wednesday, June 17, 2015.
The report, titled, Stronger Together: The $12 Billion Impact of Community Development Corporations in New Jersey, was published last year and outlines the benefits of CDCs for New Jersey’s economy, in particular, in creating solutions for New Jersey’s affordable housing shortage. According to the report, over 1,500 developments were undertaken by New Jersey CDCs, which generated a total economic impact of $12 billion.
New Jersey CDCs are non-profit organizations that work to revitalize their local communities. This includes the construction of new affordable housing, the building and reconstruction of small commercial spaces, and the creation of jobs, including offering job training.
New Jersey CDCs are making an impact, adding 82,000 jobs and providing job training to more than 10,500 local residents over the past twenty-five years.
ESI is proud to have contributed on this report for the Housing and Community Development Network of New Jersey and is excited about its already building legacy.
To download and read the Stronger Together report in its entirety, click here.
For more information on the Housing and Community Development Network of New Jersey, click here.