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

The Affordable Housing Alliance (AHA) bas been building toward developing this community-driven neighborhood plan for the NRTC program since 2024 by working with the Borough of Keansburg and a myriad of partners, and hosting small focus groups and meetings. We are excited to launch its intensive community-engagement phase this Spring to help fully realize this plan, and ensure that it is an authentic community vision for the neighborhood!  Now we’re excited to rebuild momentum and move forward together!

From March through May, we are partnering with the Borough to host a series of community meetings at Joseph C. Caruso School. We hope to finish the neighborhood plan by early June, and submit it to the New Jersey Department of Community Affairs (DCA) for approval. If the plan is approved, we will be eligible to submit our first NRTC grant application to the State in the Fall, and begin attracting significant tax-credit investments into Keansburg. This is funding that can support homeowners, small businesses, youth programs, community spaces, local services, and more.

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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