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For Immediate Release:
September 13, 2006

New Jersey Association of REALTORS^® Housing Opportunity Foundation, Inc. Presents Check to New Jersey Community Capital

Donation Supports Affordable Homeownership and Rental Opportunities

(Edison, NJ) Trustees of the New Jersey Association of REALTORS^® Housing Opportunity Foundation, Inc. (NJARHOF) presented New Jersey Community Capital with a check for $57,900 yesterday, an amount that represents one dollar for each member of the New Jersey Association of REALTORS^® (NJAR^®). The HOF funds will be used for the Neighborhood Development Initiative Predevelopment Loan Partnership Program, which provides predevelopment funds for affordable housing developed by nonprofit and community-based organizations.

"The New Jersey Association of REALTORS^® Housing Opportunity Foundation is proud to support New Jersey Community Capital for the third year in a row. The affordable housing initiatives launched through the organization are directly in line with the goals of our foundation," said HOF President Christina P. Clemans.

In previous years, HOF contributions to the Neighborhood Development Initiative enabled New Jersey Community Capital to secure the financing for a number of projects that provide rental and homeownership opportunities to low- and moderate-income families. Funds from the HOF contribution were used to provide financing to a variety of organizations developing affordable housing throughout New Jersey, which will ultimately create hundreds of housing units to help meet New Jersey's affordable housing needs.

"This generous contribution from the New Jersey Association of REALTORS^® Housing Opportunity Foundation will be used to continue providing predevelopment financing for affordable housing projects throughout the state, financing that many organizations are unable to receive from more traditional sources," said Jennifer Bredehoft, communications and investor relations associate for New Jersey Community Capital. "Support from organizations such as the HOF is critical to creating affordable housing and providing opportunities for communities and individuals throughout New Jersey."

HOF is a nonprofit 501 (c) (3) charitable organization, approved by the NJAR^® Board of Directors in 2003, whose mission is to create more opportunities for homeownership in New Jersey. 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 working New Jerseyans. The contribution forms are available on the NJAR^® website at www.njar.com/njarhof.shtml. Donations in any amount are welcome. Contributions can be mailed to: New Jersey Association of REALTORS^® Housing Opportunity Foundation, Inc., P.O. Box 2098, Edison, NJ 08818.

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. New Jersey Community Capital's mission is to facilitate the flow of money and knowledge to create wealth and well-being in communities. Since its founding, New Jersey Community Capital has committed financing for nearly 500 projects totaling approximately $110 million in the housing, community services and small business sectors.

The New Jersey Association of REALTORS^® is a non-profit organization serving the professional needs of approximately 57,900 REALTOR^® and REALTOR-ASSOCIATE^® members in the state. REALTOR^® is a registered collective membership mark which may be used only by real estate professionals who subscribe to the REALTOR^® organization's strict Code of Ethics and are members of the National, State and Local REALTOR^® organizations.

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Caption: Pictured are the Trustees of the New Jersey Association of REALTORS^® Housing Opportunity Foundation, Inc. (NJARHOF) presenting 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^®. From left to right are HOF Trustees Joan m. Sobeck, Bill Hanley, Gloria Woodward, Sharon Shakinovsky and Glenn Elliot, HOF President Christina P. Clemans, HOF Trustee Carolyn Sadlon, New Jersey Community Capital Communications and Investor Relations Associate Jennifer Bredehoft, and HOF Trustee Geoffrey Rosenberger .