Over $670 Million Economic Impact Spurred by Burlington County Nonprofit Community Developers
Statewide community development association releases new local economic impact report


Nonprofit community development corporations (CDCs) in Burlington County have contributed over $670 million dollars for New Jersey’s economy according to a report released this week from the Housing and Community Development Network of New Jersey (the Network). The report is a supplement to Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey, a study highlighting the investments made by the sector since 1989 and the resulting impact on the state’s communities.

“The nonprofit community development sector has been a strong contributor to the area and the state’s economy, making investments that have improved the quality of our neighborhoods as well as produce homes and jobs,” said Staci Berger, president and chief executive officer of the Network. “These mission-driven organizations are creating opportunities for thousands of New Jersey residents while generating much needed tax revenue for these counties and all of New Jersey.”

According to the new report, Burlington County nonprofit CDCs have completed 76 developments which have spurred 4,700 jobs and $313 million in labor income in the last 25 years.

“We’re honored to host this event where we celebrate both the beautiful and much-needed affordable rental homes we have produced and the important economic contributions which nonprofit housing developers make to our regional and state economies,” said Matthew Reilly, president and chief executive officer of Moorestown Ecumenical Neighborhood Development, Inc. (MEND).

“It is my pleasure to stand with non-profit community development corporations in support of all they do to address the need for affordable housing in our communities,” said Assemblyman Troy Singleton (D-Burlington). “This report highlights the fact that community developers not only address the need for affordable homes, but have also contributed to the growth of our economy by creating employment opportunities for our state's workforce. “

The report which features Burlington County employment, housing, and demographic data was unveiled at an event hosted by MEND at the Springside School Apartments in Burlington Township. In addition to Assemblyman Singleton, Board chair of the Burlington County Chamber of Commerce Michael Pucciarelli, TD Bank Community Development Group Manager for the Mid-Atlantic Region (NY/NJ/PA/DE) Paige Carlson-Heim, local officials, area community developers, business leaders, as well as faith-based and other local nonprofit organizations were also on hand during for the release of the report.

To access Stronger Together: The $12 Billion Impact of Community Corporations in New Jersey and the Mercer supplemental reports, visit http://www.hcdnnj.org/StrongerTogether.

About the Housing and Community Development Network of NJ
The Housing and Community Development Network of New Jersey is the statewide association of more than 250 community development corporations, individuals and other organizations that support the creation of affordable homes, economic opportunities, and strong communities. For more information on the Network, visit www.hcdnnj.org.