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The New Jersey Conservation Loan Program serves as a source of both technical assistance and low-interest bridge financing to non-profit land conservation organizations, thereby providing greater leverage of scarce resources needed to close critical land acquisition projects on a timely basis.  Loan funds have been provided by program related investments from the Geraldine R. Dodge Foundation and the William Penn Foundation.

Conservation Resources Inc is a consultant to the Open Space Institute and helps them administer the New Jersey Conservation Loan Program. CRI’s role in helping to administer this program is to:

 

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  • Maintain regular contact with land trusts across the State;

  • Help solicit, develop and assess potential loan proposals against the program’s criteria;
  • Provide technical assistance to applicants in structuring land acquisition projects;
  • Develop funding recommendations for review by NJ Conservation Loan Fund Advisory Committee and for approval by trustees of Open Space Institute;
  • Communicate with and provide assistance, as appropriate, to program consultants on financial due diligence for loans;
  • Recommend how grant funds, if available, can best be meshed with loan funds to maximize conservation outcomes, as appropriate; and
  • Help to review program goals, funding criteria and application process, as appropriate.

Loan Program News

Open Space Institute Announces Loan For Expansion of New Jersey Pinelands Refuge - 6/20/2005

For more information on about the New Jersey Conservation Loan Program, as well as loan criteria and application forms, visit the Open Space Institute’s web site and contact us.
 
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