Mascherin leaving NJCC after 15 years of service

Marie Mascherin, a longtime employee at New Jersey Community Capital who most recently served as chief operating officer, is leaving the organization. Her last day is Friday.

During her 15-year tenure in executive leadership, Mascherin has been responsible for overseeing the organization’s lending, portfolio management and compliance, mortgage platform, down payment assistance and community consulting activities.

Mascherin did not immediately announce her plans for the future, but offered her gratitude for her time at NJCC.

“I am proud to have been a part of NJCC,” she said. “I have worked with a dedicated team of individuals who, collectively, have been responsible for the growth this organization has achieved during my tenure.

About NJCC

New Jersey Community Capital is a nonprofit community development financial institution that provides an innovative toolkit of financial products, programs and services to advance equity and opportunity in underserved communities. NJCC supports the preservation and development of affordable housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods to ensure communities can thrive.

“When it comes to community development, NJCC does the hard stuff that can have a significant, long-term impact on a community, making it a better place. With the support of federal and state governments, along with committed institutional and individual investors, NJCC will continue its mission-based work in the region.”

NJCC CEO Bernel Hall had nothing but praise for Mascherin.

“Marie has played a key role in developing NJCC into the organization it is today,” he said. “Her commitment to our mission, borrowers, employees and the communities we serve has created a positive impact throughout New Jersey.

“We greatly appreciate Marie’s outstanding leadership, tireless dedication and many significant contributions to NJCC over the years. We wish her our best in her years ahead.”