CAMDEN, NJ — New Jersey American Water has announced a commitment of nearly $1 million in grant funding for improvements in the Cramer Hill neighborhood.
The Camden-based corporation, a subsidiary of American Water, revealed Monday that it will provide a $981,464 grant through the Neighborhood Revitalization Tax Credit Program to back projects in the area, such as developing the River Avenue Business Corridor, transforming vacant structures into new housing, and helping promote Cramer Hill as a place to live, work, and play.
The funds will also go to supporting continued business in the corridor and hiring two full-time ambassadors of the Camden Special Services District to ensure River Avenue remains clean and safe.
The projects selected for the grant are part of the Cramer Hill NOW! Plan.
"This investment will directly benefit those businesses operating within Cramer Hill’s commercial corridor and will continue to spur positive change within this growing neighborhood from both a social and economic perspective," Mayor Frank Moran said.
NRTC funds are used by community-based nonprofits that have prepared, submitted, and received approval from the New Jersey Department of Community Affairs for a revitalization plan impacting the neighborhoods they serve.
The funds must be used by the organizations for projects and activities that meet the goals and strategies of the approved neighborhood plan.
“We are excited that Camden’s Cramer Hill neighborhood is once again receiving the resources it
needs to keep moving forward on the path to revitalization while providing residents enhanced
community programs to help them live a better quality of life,” Lt. Gov. and DCA Commissioner Sheila Y. Oliver said.
The 2019 Cramer Hill NOW! Revitalization Projects will be administered by Cooper’s Ferry Partnership, the city economic development organization, through coordination with St. Joseph’s Carpenter Society and the Camden Special Services District.
With the investment, CFP and Camden officials will work with Cramer Hill businesses and residents to design two welcome signs at the entrances to the neighborhood and about 50 light-pole banners.
“Cooper’s Ferry Partnership has a longstanding history working with the resident and businesses
in Cramer Hill and these improvement projects help to ensure that the Cramer Hill neighborhood
continues to flourish for generations to come,” said Kris Kolluri, president and CEO of Cooper’s Ferry Partnership. “This is a perfect example of all that can come from innovative partnerships,
strategic vision, and a shared commitment to enacting positive change.”
On hand for the grant announcement were Camden elected officials, community partners, residents and business owners, and representatives from New Jersey American Water, Cooper’s Ferry Partnership, Camden Special Services District, and St. Joseph’s Carpenter Society.
Since 2010, New Jersey American Water has contributed more than $6.7 million to community projects through the NRTC program. Approximately $5.7 million of that total went to initiatives in Camden.
“The positive impact these projects can have on both neighborhood residents and business owners further highlights our company’s commitment to giving back to the communities we serve," said Cheryl Norton, president of New Jersey American Water.