Columbia Bank has invested $100,000 to support revitalization initiatives by nonprofit Paterson Habitat for Humanity.
by Logan Williamson
FAIR LAWN, NJ — Columbia Bank, headquartered in Fair Lawn, has invested $100,000 to support nonprofit housing organization Paterson Habitat for Humanity for neighborhood revitalization activities, the bank said in a news release.
“Columbia Bank is committed to serving the needs of our local communities, including neighborhood investment and economic development,” Thomas J. Kemly, president and CEO of Columbia Bank, said. “We are so pleased to support Paterson Habitat for Humanity’s revitalization project, helping to provide safe, affordable homes and spaces for the city’s residents to enjoy. It’s truly gratifying.”
Funds, made possible through the state’s Neighborhood Revitalization Tax Credit Program, will be used for two initiatives: Home Safe Home and Green Space for Everyone, the bank said.
The housing initiative will add to affordable and quality single-family housing in the area, while the green space component will transform a city-owned parcel of land into a public park, the bank said.
Home Safe Home will result in the planning, design and completion of pre-construction for an affordable multi-unit housing project; the nonprofit also intends to upgrade existing residential properties, with new roofs, siding and air conditioning.
Green Space for Everyone will allow for creation of more open space and recreational areas, redesigning and beautifying of existing green space, and flood mitigation.