NJARHOF is a 501 (c) (3) charitable
organization that seeks to create greater
homeownership opportunities for New Jersey
residents.
NJARHOF was created by the New Jersey
Association of REALTORS® Housing Opportunity
Task Force and approved by the NJAR® Board
of Directors in 2003.
The Foundation raises funds for housing
opportunity and distributes these funds to
other 501 (c) (3) organizations throughout
the state that provide home buyer education,
develop public awareness and create
affordable homeownership options for New Jerseyans.
Donations in any amount are welcome.
Contributions (made payable to: NJAR®
Housing Opportunity Foundation, Inc.) can be
mailed to: New Jersey Association of REALTORS® Housing
Opportunity Foundation, Inc. P.O. Box 2098 Edison, NJ 08818
Christina P. Clemans is president of the
NJAR® Housing Opportunity Foundation, Inc.
and is a past president of the New Jersey
Association of REALTORS®.
NJARHOF Continues Partnership with NJ
Community Capital
The New Jersey Association of REALTORS®
Housing Opportunity Foundation, Inc. and the
New Jersey Community Capital partnership
began in 2004.
New Jersey Community Capital
received a check for $57,158 from
NJARHOF trustees on September 11, 2007.
(See
press release.)
NJARHOF trustees presented New Jersey
Community Capital with a check for $57,900,
an amount that represents one dollar for
each member of the New Jersey Association of
REALTORS® (NJAR®) in September 2006. (See
press release.)
In September 2005, NJARHOF trustees
presented New Jersey Community Capital with
a check for $52,428. (See press release.)
In September 2004, NJARHOF presented its
first contribution to New Jersey Community
Capital in the amount of $47,252,
representing one dollar for each member of
the New Jersey Association of REALTORS®.
(See press release.)
The funds are used for the Neighborhood
Development Initiative Predevelopment Loan
Partnership Program, which provides
predevelopment funds for affordable housing
developed by nonprofit and community-based
organizations.
New Jersey Community Capital is the trade
name utilized by Community Loan Fund of New
Jersey, Inc. and its affiliates for its
financial and consulting products and
services.
Examples of the projects utilizing NJARHOF
funds through NJ Community Capital include:
F. Berg Hat Factory, a development of 29
apartments in Orange, NJ; 10 rental
apartments on William Street and Glen Ridge
Avenue in Montclair, NJ; and Swan Homes, a
development of two single family homes in
Pleasantville, NJ.
Pictured are the
NJARHOF trustees presenting New Jersey
Community Capital with a check for $57,900
in September 2006, an amount that represents
one dollar for each member of the New Jersey
Association of REALTORS®. From left to right
are NJARHOF trustees Joan m. Sobeck, Bill
Hanley, Gloria Woodward, Sharon Shakinovsky
and Glenn Elliot, NJARHOF President
Christina P. Clemans, NJARHOF trustee
Carolyn Sadlon, New Jersey Community Capital
Communications and Investor Relations
Associate Jennifer Bredehoft, and NJARHOF
trustee Geoffrey Rosenberger.
