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401 Grand St. Paterson, NJ 07505 | 973-881-4000
"Rich History, Bright Future"

Gap Financing for Developers & Redevelopment Area Bond Financing

Nicole S. Fox
Executive Director
 
Passaic County
Improvement Authority

930 Riverview Drive, Suite 250
Totowa, NJ 07512

Phone: 973-881-4550
Fax: 973-278-5635
Email
Gap Financing for Developers & Redevelopment Area Bond Financing

The PCIA can provide financing for tax credits awarded from the State of New Jersey and tax abatements granted from the municipality. The Urban Transit Hub Tax Credit Program and the Economic Redevelopment and Growth Program are some examples of tax credits available from the State of New Jersey.  The Redevelopment Area Bond Financing Law, N.J.S.A. 40A:12A-65 et seq. (RAB Law) remains as one of the most effective tools available for redevelopment projects.