There are public funds to support affordable housing, social service, economic development, and community revitalization initiatives at the national, state, and local levels. This support can be in the form of a grant, loan, or loan guarantee. The information in this section was obtained directly from the websites of the organizations that administer the programs. Contact each organization for specific information about the programs and services it offers.
The Home Ownership Assistance Program (HOAP) promotes homeownership in center city Vineland. The program is part of a multi-faceted approach to revitalizing center city and is supported by funds from the Cumberland Empowerment Zone Corp.
HOAP provides interest-free loans of up to $2,500 for use toward down payment and closing costs for the purchase of a home used for principal residence. The loan is repaid when the property is sold or ceases to be used as a principal residence. There are no income limits for participation in the program. Participants must provide at least $500 toward closing or down payment from sources other than the program. Funds are available only for homes between Park, Chestnut and West avenues and Myrtle Street. Additional information about the program is available at the city's Strategic Neighborhood Assistance Program website.
The Office of Community Development is a division of the Development and Planning Department. Its responsibilities include preserving, promoting, and developing the city's interests in the areas of housing, public facilities, neighborhood improvements, and community services; researching, applying for, and working with other city departments, offices, or agencies to secure operation and program funding; and administering state, federal, and private grant funding for the city-sponsored programs. Additional information about these programs is available through the City of Bridgeton, NJ Office of Community Development's website.
The Cooperative Business Assistance Corporation (CBAC) facilitates opportunities for banks to make business loans in the city of Camden, New Jersey, and six counties located in southern New Jersey (Atlantic, Camden, Cape May, Cumberland, Gloucester, and Salem counties). CBAC offers small-business owners and entrepreneurs below-market interest rate loans, technical assistance, and a professional referral network. By strengthening small businesses, CBAC provides funding that creates jobs, provides necessary services to local residents, and rehabilitates vacant properties, which ultimately contribute to the stabilization of the community.
Additional information about the loan programs and services offered by CBAC is available through its website.