Valley National Bank Attends the Urban League of Essex County Ceremony

ULEC
WAYNE, N.J. – Monday, January 29, 2018– On January 11th, 2018, Valley National Bank joined the Urban League of Essex County (ULEC) and other funders, dignitaries and community leaders at its ceremony for the Heights on Fairmount Ave.
 
The Heights on Fairmount Avenue will result in the construction of six new homes and one rehab in the Fairmont neighborhood. ULEC acknowledged the myriad of partners who supported this project including Valley National Bank through a Neighborhood Revitalization Tax Credit (NRTC) contribution.
 
Also presenting was Bradley Harrington, NRTC Administrator with NJ’s Department of Community Affairs. The NRTC program provides business entities a 100 percent tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans. Since its inception in 2002, the NRTC program has become one of the most successful public/private programs furthering community development and neighborhood change in New Jersey.
 
About the Urban League of Essex County (ULEC)
The ULEC assists African Americans and disadvantaged urban residents in the achievement of social and economic self-sufficiency of with a vision of vibrant, thriving urban communities with good jobs, good schools, and a quality of life that makes them neighborhoods of choice.  They provide Housing Counseling, youth and adult programming and place based community building initiatives that also advance affordable homeownership opportunities. In 2017 the ULEC celebrated 100 years of empowering people through their community building and advocacy programs.
 
About Valley
Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with approximately $28 billion in assets, reflecting the recent acquisition of USAB. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, Florida and Alabama. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service. For more information about Valley National Bank and its products and services, please visit www.valleynationalbank.com or call our Customer Service Center at 800-522-4100.