Provident Bank Awards $475,000 as Part of Neighborhood Revitalization Program

Provident Bank has awarded $475,000 in funding to five nonprofit organizations as part of the New Jersey Department of Community Affairs’ Neighborhood Revitalization Tax Credit Program for Fiscal Year 2022.

The nonprofit organizations will use the funding to implement revitalization plans that address housing and economic development, provide opportunities for entrepreneurs to start businesses and job training for local residents, as well as complementary activities such as social services, recreation activities and open space improvements.

The New Jersey Department of Community Affairs served as the intermediary agency between the nonprofit organizations and Provident Bank.