Neighborhood Revitalization Tax Credit (NRTC) Program

Neighborhood Revitalization Tax Credit (NRTC) Program is sponsored by New Jersey Department of Community Affairs. Provides funding to nonprofit organizations for revitalization plans addressing housing, economic development, and social services.

New Jersey Department of Community Affairs | New Jersey Department of Community Affairs Neighborhood Revitalization Tax Credit Program (NRTC) The Neighborhood Revitalization Tax Credit Program (NRTC) provides business entities a 100% tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans.

Nonprofit entities must use at least 60% of the tax credit funds for housing and economic development; the remaining funds may be used for supportive services and other activities that promote neighborhood revitalization.

The application cycle is open to non-profit community-based organizations with approved NRTC Neighborhood Plans (NP) for applicant neighborhoods which (at the time of NP approval) are comprised of U.S. Census Tracts designated “eligible” in the Neighborhood Trends Database (found under “Related Links”, on the right side of this page).

NRTC eligibility is based on multiple distress factors using ACS/HUD data including resident income level: At least 50% of the households must be of low and moderate income (below 80% of area median income, as determined by US Department of Housing & Urban Development).

At least 25% of the households must be of low-income (50% of area median income or below, as determined by US Department of Housing & Urban Development) Nonprofit 501(c) 3 organizations in eligible municipalities Varies (Annual RFP is announced to eligible organizations) Submission of a Project Application, via SAGE. Restricted to eligible organizations with DCA-approved NRTC plans. Bradley.

Harrington@dca. nj. gov The Neighborhood Revitalization Tax Credit Program (NRTC) is designed to foster the revitalization of New Jersey's distressed neighborhoods.

NRTC offers business entities a 100% tax credit against various New Jersey state taxes. Credits are provided to business entities that invest in the revitalization of low- and moderate-income neighborhoods in eligible cities. 60% of the tax credit funds must be used for activities related to the development of housing and economic development.

The remaining balance may be used for complementary activities such as the provision of assistance to small businesses, removing barriers to self-sufficiency, and promoting the integration of mixed-income neighborhoods. A total of $15 million per year is available in tax credits.

NRTC funds are used by neighborhood-based non-profit organizations that have prepared, submitted and received approval from the Department for a revitalization plan for the neighborhood it serves. The funds must be used by the eligible organizations for projects and activities that will implement the goals and strategies of the approved neighborhood plan. The maximum amount per application is $800,000.

Qualified Projects Pool SFY 2026 The Business Entity Application period has ended. Please email us to join our mailing list to be notified about future QPP and Business Entity Application periods at NRTC@dca. nj.

gov . Thank you for your interest in revitalizing NRTC neighborhoods!

” SFY 2026 NRTC QPP Project Descriptions NRTC Project Application Cycle, SFY 2026 NRTC Project Overview and Guidelines 2026 NRTC Project RFP 2026 Technical Assistance Workshop NRTC Project 2026 Technical Assistance Workshop Powerpoint Slides [pdf] NRTC Project 2026 Feedback Summary Powerpoint Slides NPU Insider Submission Form Cape May City Interview with Mayor Mullock About Advances Updated as of 8/15/25 FSR Documentation Policy and Procedure Neighborhood Plan Application Guidelines NRTC Grant Closeout Guide SAGE Agency Information Update Walkthrough Advance Request Form [pdf] Updated as of 8/15/25 Grant Agreement Change Request Form [pdf] NPU Insider Submission Form [pdf] NRTC Closeout: Final Count of Performance Measures [doc] NRTC Closeout: Property Info [xlsx] NRTC Five Year Neighborhood Plan Review [pdf] NRTC Funding Request Form [pdf] NRTC Quarterly Report [xlsx] 2023 NRTC SLFRF ARP Update NRTC 2023 SLFRF PowerPoint Slides [pdf] Prior Project Application Cycles Qualified Projects Pool 2024 for SFY 2025 [pdf] Qualified Projects Pool 2023 for SFY 2024 [pdf] Coming Soon: SFY 2026 RFP NRTC Information for Investors Guide Document for Tax Credits for Business Entities [pdf 116kB] Clearinghouse of NRTC Plans, Projects and Business Entities Clearinghouse Document [xlsx] Updated as of 5/4/26 Program Rules as of August 18, 2014 [ pdf 102kB] Rule Change August 2014 [pdf 144kB] Change to NRTC Program Law, August 2009 [ pdf 16kB] Explanation for August 2009 NRTC Change [ pdf 54kB] NRTC COVID-19 Relief Program NRTC COVID-19 Relief Program 2026 Neighborhood Trends Database NRTC COVID-19 Relief Program NRTC Lead-Based Paint Hazard Program For more information, please contact the NRTC Team at: