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Wells Fargo closes $500,000 investment to nonprofit lender

By Joe Arney
March 12. 2013 9:56AM

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Wells Fargo & Co. announced last week the closing of a $500,000 equity equivalent investment to New Jersey Community Capital, a nonprofit community development lender.


According to a news release, New Jersey Community Capital — which provides financing and technical assistance to preserve and develop affordable housing — will use the investment to advance its neighborhood revitalization efforts around the state.


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