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Boys & Girls Club of Paterson & Passaic

Boys & Girls Club of Paterson & Passaic

Type

Education

Location

Paterson and Passaic, NJ

Est. Project Cost

$7.0 million

Size

76,000 SF

Public Financing

New Markets Tax Credit

Sponsor

Boys & Girls Club of Paterson and Passaic

Private Financing

Equity

Community Facility and Services Expansion

This $7 million renovation and improvement project enhanced the Paterson and Passaic clubhouse locations of the Boys & Girls Club. Upgrades included a new STEM Center, renovated pool facilities, and new arts and dance studios within 76,000 square feet. Monge Capital arranged NMTC financing to expand access to educational and enrichment programs for local youth.

Estimated Economic and Social Impact

Increase services by 25% and create over 30 jobs.

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