CAPC works with qualified contractors and community builders across the state. CAPC is always looking to expand their network of contractors. Specific partnership opportunities will be listed below.
For general information, please contact CAPCinfo@njclf.com.
Newark Abandoned Properties Initiative
In 2004, the State of New Jersey passed the Abandoned Properties Rehabilitation Act (APRA) giving municipalities the power to take ownership of vacant and abandoned properties. The goals of this Act are to remove spot blight from communities and increase the supply of affordable housing. Through a City Council Resolution, Newark adopted APRA, enabling the City to take ownership of abandoned properties. The City has delegated CAPC as Master Redeveloper for 156 properties. Over the next three years, CAPC will purchase properties from the City and will guide their rehabilitation as quality affordable housing.
CAPC is seeking qualified for-profit developers, nonprofit developers, and Newark-based general contractors to complete half of the rehabilitations. Development partners will purchase properties from CAPC and then complete all necessary rehabilitation so homes can be sold to prospective buyers. Development Partners will be required to take on all responsibilities outlined in the Redevelopment Agreement with the City of Newark and will be able to claim a Developers Fee of up to 10% of the total development cost.
Download the application to work with CAPC on this important project. CAPC APRA RFQ