Columbia Bank has announced a milestone in its commitment to affordable housing: 10 projects sponsored by the bank have been awarded funding through the Federal Home Loan Bank of New York’s (FHLBNY) August 2025 Affordable Housing Program (AHP).
The subsidy awarded to submitted projects totals $6,730,500, supporting the development and rehabilitation of 190 housing units across New Jersey.
New Jersey affordable housing projects sponsored by Columbia Bank include:
- Owner-Occupied Home Repairs by HOC: Heart of Camden Inc. (Camden)
- Cranford Supportive Housing: Avidd Community Services of NJ, Inc. (Cranford)
- Owner-Occupied Rehab in Paterson, NJ: Rebuilding Together North Jersey (Oakland)
- Paterson Habitat for Humanity Critical Repair Program: Habitat for Humanity of Paterson, Inc. (Paterson)
- Carton Street Senior Housing: Bergen County’s United Way/Madeline Housing Partners, LLC (Rumson)
- West River Affordable Family Housing: Bergen County’s United Way/Madeline Housing Partners, LLC (Rumson)
- Stratford Affordable Homes: Greater Newark Housing Partnership, Inc. (Stratford)
- Housing Plus Aging in Place: Northern Ocean Habitat for Humanity (Toms River)
- American Legion Veterans Housing: Westfield NJ Veterans Organization (Westfield)
- Resolution Owner-Occupied Homeowner Repair Program: Financial Wellness Institute Inc. (Westville)
“We are grateful to the agencies and nonprofits whose grants and programs make affordable housing possible, and proud of the role banks play in bridging those resources with community needs,” said Thomas J. Kemly, president and CEO of Columbia Bank.
“Through the projects we’ve sponsored, 190 safe and affordable homes will soon be available for New Jersey residents, showcasing the power of strong partnerships to address our state’s housing shortage.”
