Neighborhood Revitalization Tax Credit Program (NRTC)

Neighborhood Revitalization Tax Credit Program (NRTC) is sponsored by New Jersey Department of Community Affairs. Offers tax credits to business entities investing in the revitalization of low- and moderate-income neighborhoods in New Jersey.

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.

NRTC Project Application Cycle, SFY 2027 NRTC Project Overview and Guidelines 2027 Revised 8/13/2026 Please reach out to NRTC@dca. nj. gov for any questions or concerns.

NRTC Project RFP 2027 Technical Assistance Webinar NRTC 2027 Technical Assistance Webinar Slides [pdf] Qualified Projects Pool 2026 for SFY 2027: Coming Soon! BUSINESS ENTITY INVESTORS: Please email NRTC@dca. nj.

gov to be notified of the upcoming Qualified Projects Pool publication and Business Entity application period. Thank you for your interest in revitalizing NRTC neighborhoods!

Qualified Projects Pool 2025 for SFY 2026 [pdf] Qualified Projects Pool 2024 for SFY 2025 [pdf] Qualified Projects Pool 2023 for SFY 2024 [pdf] FSR Documentation Policy and Procedure NRTC Grant Closeout Guide SAGE Agency Information Update Walkthrough Advance Request Form [pdf] Revised 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] Getting Started with NRTC Community-based nonprofit organizations develop comprehensive 10-year revitalization plans for NRTC-eligible neighborhoods.

Upon Department approval of the Neighborhood Plan, organizations may apply for annual project funds. The annual Qualified Projects Pool is comprised of successful project applications. Project funds are contributed by NJ Business Entity Investors in equal exchange for NJ state tax credits.

The Business Entities decide which qualified projects receive funding and at what amount through a separate competitive application process. An NRTC project qualified for funding may receive full funding, partial funding or no funds at all through this process. NRTC Planning Grants of up to $50,000 are available to assist in the development of Neighborhood Plans.

Determining Neighborhood Eligibility: NRTC neighborhoods are comprised of US Census tracts/block groups designated eligible for the program based on several distress factors, as listed in the 2026 Neighborhood Trends Database, which is annually updated. To propose a neighborhood for consideration for the program, submit the NRTC Letter of Intent to NRTC@dca. nj.

gov with the subject line: “ NRTC LOI - [Organization Name] ” Neighborhood Plan Application Guidelines [pdf] 2026 Neighborhood Trends Database [xls] NRTC Letter of Intent [pdf] Revised 07/28/26 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] Change to NRTC Program Law, June 2019 [pdf 250kB] Explanation of Rule Change 2019 NRTC Change [pdf 98kB] Rule Change August 2014 [pdf 144kB] Change to NRTC Program Law, August 2009 [ pdf 16kB] Explanation for August 2009 NRTC Change [ pdf 54kB] NPU Insider Submission Form Cape May City Interview with Mayor Mullock NRTC COVID-19 Relief Program NRTC COVID-19 Relief Program 2026 Neighborhood Trends Database NJDCA’s Community Asset Map NRTC COVID-19 Relief Program NRTC Lead-Based Paint Hazard Program For more information, please contact the NRTC Team at: