What Is the NRTC Program, and What Does It Mean for Keansburg?

The Neighborhood Revitalization Tax Credit (NRTC) program is a New Jersey initiative that helps communities bring their own ideas for neighborhood improvement to life. Through NRTC, local organizations work closely with residents to create a multi-year revitalization plan. If the State approves the plan, it becomes eligible for significant tax-credit-funded investments from corporate partners.

This initiative is designed to build on and support the important work already happening in Keansburg. NRTC funding brings additional “free” dollars into the neighborhood, creating opportunities to strengthen local projects and enhance community spaces and services without increasing local taxes. It works hand-in-hand with municipal priorities and helps expand the resources available to carry out those goals.

For Keansburg residents, this means something important: your voice can directly shape how new resources and opportunities flow into our community.

Where We Are in the Planning Process

Over the past several months, residents, community partners, and the Borough have come together to shape a shared vision for Keansburg through the NRTC planning process. That work has resulted in a draft neighborhood revitalization plan that reflects community priorities and ideas. 

The draft plan is now available for public comment. We encourage everyone to review it and share feedback to help ensure it fully reflects the community’s voice. After the comment period closes, we will incorporate feedback and finalize the plan for submission to the New Jersey Department of Community Affairs (DCA) by May 22. 

Following submission, the plan will enter a review period with DCA, which will include an in-person site visit expected this summer. If approved, the next step will be the Year 1 project application process, which begins in late summer/early fall. Throughout this process, we will continue building relationships with business partners and investors who can direct their NRTC tax credit investments to our neighborhood plan.

Why This Matters

NRTC is a powerful tool because it puts residents at the center. Your ideas and lived experience help guide where investments should go, and ensure the plan reflects what Keansburg families value most.

Our goal is simple: to work hand-in-hand with the community to create a strong, actionable revitalization plan that opens the door to new resources and opportunities for the community for years to come.

To learn more about the Keansburg NRTC project, contact Gillian Edgar at gedgar@housingall.org.

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