Community banks often measure success by more than balance sheets. They measure it by the strength of the neighborhoods they serve.
That’s the thinking behind Mid Penn Bank’s recent $100,000 contribution to New Brunswick Tomorrow (NBT) through the New Jersey Neighborhood Revitalization Tax Credit program. The funds will support NBT’s Livingston Avenue South revitalization initiative in New Brunswick, N.J.
The Livingston Avenue South initiative includes a variety of neighborhood revitalization projects focused on expanding access to affordable housing, supporting local homeowners, and strengthening small businesses and community resources in New Brunswick. Planned projects include the construction of affordable two-family homes to be sold to moderate-income homebuyers while also providing rental apartments for low-income households, along with home repair programs, financial literacy resources, and support for first-time homebuyers.
This year marks NBT’s 50th anniversary of supporting community revitalization efforts throughout the city.
A check presentation was recently held at Mid Penn Bank’s New Brunswick financial center and was attended by Keith Rada, Regional President of Mid Penn Bank’s New Brunswick Region, and Ryan Thompson, Regional Community Reinvestment Act Officer at Mid Penn Bank. NBT executives Jaymie Santiago, Charles Bergman, Jovanny Belisario, and Manuel Castañeda were also in attendance.
“We’re proud to support a project that will have a meaningful impact on the New Brunswick community, including many of the customers and local businesses we serve every day,” Rada said. “When communities are stronger, families, businesses, and local economies are stronger, too. That’s the kind of lasting impact we’re committed to supporting across our footprint.”
Additional projects supported through the initiative include down-payment and closing-cost assistance programs for first-time homebuyers, youth programming, neighborhood beautification projects, and community arts and cultural initiatives designed to strengthen the neighborhood and improve quality of life for residents.
“The NRTC program has been instrumental in catalyzing our work with residents and stakeholders to tackle neighborhood priorities,” Bergman said. “This funding will lead directly to new homes, stronger families and small businesses, and tangible improvements in the neighborhood.”
Learn more about Mid Penn Bank and how it is strengthening the communities it serves.
