Community Asset Preservation Corporation - CAPC

Community Asset Preservation Corporation - CAPC Community Asset Preservation Corporation is a wholly owned subsidiary of New Jersey Community Capital.

CAPC acts as a developer to rehabilitate the properties and partners with local community builders and socially-minded for-profit developers to strategically strengthen communities. CAPC’s expertise and financial capacity to arrange complicated, large-scale bulk purchases and forge relationships with community development groups provide the necessary framework to ensure that properties are redevel

oped into quality affordable homes that help stabilize communities. CAPC’s past successes include its unique acquisition and disposition strategies demonstrated by Operation Neighborhood Recovery (ONR), bulk acquisition purchases with JPMorgan Chase and Fannie Mae, collaborations with community development corporations (CDCs), and partnerships with municipal and county governments.

CAPC is so proud to be part of the South Ward Promise Neighborhood since 2017! South Ward Promise Neighborhood
07/20/2022

CAPC is so proud to be part of the South Ward Promise Neighborhood since 2017! South Ward Promise Neighborhood

🎉We are thrilled to announce that we are distributing more than $7 million in payments to our South Ward Promise Neighborhood partners! This record-breaking number will go straight into supporting our community. For details, check out our blog http://ow.ly/HVnY50JZfb4 and check our social media for our upcoming check distribution announcements!🎉 ALI - Abbott Leadership Institute After-School All-Stars Community Asset Preservation Corporation - CAPC Clinton Hill Community & Early Childhood Center, Inc. Hill Community Action FamilyConnect Gateway U Greater Newark Health Care Coalition Great Oaks Legacy Charter School Imagine, A Center for Coping with Loss The Knowledge House Fellowship, Inc. La Casa de Don Pedro Leaders for Life NJ NCST Newark Community Street Team Newark Trust for Education Perinatal Health Equity Initiative Prevention Links Programs for Parents Teach For America New Jersey Uncommon Newark - North Star Academy United Way of Essex and West Hudson Volunteer Lawyers for Justice Newark Opportunity Youth Network KIPP New Jersey Public Schools Propel America Weequahicfsc NJIT Newark Youth Career Pathways Hopeworks Camden Newark Board of Education YouthBuild Newark, Inc.

06/28/2021

New Jersey’s COVID-19 Emergency Rental Assistance Program covers up to 12 months of back rent, as well as up to 3 months of future rent payments. So far, nine of CAPC’s tenants have received rental assistance through the program, which allowed them to fully pay off their balances. The pre-application is still open, so make sure to apply for assistance at https://njdca.onlinepha.com/.

We are pleased to announce that we have teamed up with Ellavoz to launch the Ellavoz Neighborhood Homes Fund.  This fund...
03/09/2021

We are pleased to announce that we have teamed up with Ellavoz to launch the Ellavoz Neighborhood Homes Fund. This fund is a $50 million fund that will target single and multi-family residential affordable housing properties for rehabilitation or construction. Read more here:

A NEW $50 MILLION FUND INVESTING IN EQUITABLE COMMUNITY DEVELOPMENT

We are so proud of Ellavoz Impact Capital and NJCC for launching the Ellavoz Shared Values Opportunity Fund III! We cann...
02/17/2021

We are so proud of Ellavoz Impact Capital and NJCC for launching the Ellavoz Shared Values Opportunity Fund III! We cannot wait to assist you with this project through renovating, managing and maintaining these properties. Read more about the $50 million fund for investing in equitable community development here:

A $50 MILLION FUND INVESTING IN EQUITABLE COMMUNITY DEVELOPMENT

Another great space is for sale, this time it is in Jersey City with a mixed use commercial space and a 1 bedroom and 1 ...
12/22/2020

Another great space is for sale, this time it is in Jersey City with a mixed use commercial space and a 1 bedroom and 1 bath residential unit. Check it out at the link below:

The commercial property at 112 Monticello Ave is available for $550000. Call one of our commercial agents for more information.

Check out this 4 bedroom, 2 bath home for sale in Middletown, NJ.  The home has been completely renovated and is move in...
12/18/2020

Check out this 4 bedroom, 2 bath home for sale in Middletown, NJ. The home has been completely renovated and is move in ready! There is also a down payment assistance grant of $48,500 available for qualified buyers.

This Residential listing has 4 Beds, 2 Full Baths. Schedule a showing for 117 Birchwood Lane in Middletown, NJ.

Our friends New Jersey Citizen Action are hosting two free first-time homebuyer webinars this week!  The webinars will c...
11/09/2020

Our friends New Jersey Citizen Action are hosting two free first-time homebuyer webinars this week! The webinars will cover topics such as:
-Understanding the Homebuying Process
-Housing Affordability
-Your Homebuying Team
-Affordable Mortgage Products
-Know Your Rights: Fair Housing and Consumer Financial Protection
-Avoiding Predatory Lending
The webinars will be held this Wednesday and Thursday from 11am - 12pm. You can register for the webinars here:
Wednesday Nov 11th:
https://zoom.us/webinar/register/WN_Xjao2uhQRMWTy4uXt7m51Q
Thursday Nov 12th:
https://zoom.us/webinar/register/WN_4Ig58x2nT2GQeNUN0lj3xQ

Join Peapack-Gladstone Bank and New Jersey Citizen Action for a free virtual first-time homebuyer seminar on Thursday, November 12th from 11am-12pm. This free webinar will provide participants with information on the homebuying process, affordable mortgage programs, understanding fair housing and av...

10/13/2020

Last week we got the news that Santander would be supporting us with a grant focused on providing solutions for sustainable affordable housing. This grant will support foreclosure prevention and neighborhood stabilization, down payment assistance, and finances towards construction and rehab of rental housing. With this grant we look forward to supporting our communities in NJ, FL, and NY. Thank you Santander Bank US for your partnership and commitment to making an impact.

CAPC is now accepting online applications for housing!To fill out an application, please click https://bit.ly/CAPCAPPLIC...
07/01/2020

CAPC is now accepting online applications for housing!
To fill out an application, please click https://bit.ly/CAPCAPPLICATION

To view our available housing, please click the Integro Real Estate link, below.

"A fledgling initiative to encourage New Jersey hospitals to build affordable housing in their neighborhoods is not only...
08/02/2019

"A fledgling initiative to encourage New Jersey hospitals to build affordable housing in their neighborhoods is not only likely to result in the construction of more homes than initially anticipated, but it is also expanding to provide funds to improve the neighborhoods themselves."

At least six partnerships bringing housing to neighborhoods surrounding hospitals are expected to be underway by this time next year

08/01/2019

Our August newsletter will be sent out today, at 12 noon! Sign up now to get a first look at our for-sale and rental properties!

"The complex will contain 68 units, including 19 duplexes and 28 three bedroom apartments. The project will also include...
08/01/2019

"The complex will contain 68 units, including 19 duplexes and 28 three bedroom apartments. The project will also include handicap accessible units."

Sweeney, Burzichelli Attend River Grove Affordable Housing Groundbreaking   Bridgeton – Senate President Steve Sweeney and Deputy Speaker Assemblyman John Burzichelli attended the groundbreaking for the River Grove Affordable Housing Complex today. Three organizations, Gateway Community Action Pa...

Address

421 Halsey Street
Newark, NJ
07102

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(973) 841-2674

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