New Jersey Community Capital, a New Brunswick-based nonprofit community development financial institution, has named several new staff members as it makes some strategic organizational changes.
The nonprofit said in a recent news release that Marie Mascherin has been named chief operating officer, Jeffrey Crum has been named chief investment officer, Leah Apgar has taken over as managing director, lending, and Mark Munley has taken on the role of director, special projects & local government relations.
“These appointments and the new alignment of business lines within our organizational structure better reflect our strategic focus and position us to continue creating positive impacts for families and communities, as well as our partners and investors,” NJCC President Wayne T. Meyer said in a prepared statement. “I have every confidence that Marie, Jeff, Leah and Mark, together with the rest of our hard-working NJCC team, will help us do just that.”
In her new role, Mascherin will oversee the mortgage platform, compliance, community strategies and local government relations, in addition to lending. She joined NJCC as chief lending officer in 2008, and has more than 35 years of commercial banking and real estate mortgage lending experience.
“I am honored to be contributing to the growth of NJCC as a national leader in economic and community development,” she said in a statement.
Crum, who joined NJCC in 2011 as its Community Asset Prevention Corp.’s director of real estate, is adding the ReStart program to his portfolio in a recast role as chief investment officer. His past experience includes executive roles with Build with Purpose Inc. and the New Jersey Community Development Corp.
“The groundbreaking work we’ve done with the Community Asset Preservation Corp. and ReStart program sets new standards for the ways in which we look at community redevelopment,” he said.
Apgar, who was hired by NJCC as a lending officer in 2007, was promoted to lending team leader for Housing and Healthy Communities in 2011. Munley, who joined NJCC as chief investment officer in 2012, moves into the newly created director position to oversee special projects and local government relations.
NJCC was founded in 1987 and has invested more than $630 million in Garden State communities.