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Wells Fargo closes $500,000 investment to nonprofit lender

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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.

Write to the Editorial Department at editorial@njbiz.com

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