Mascherin has been a key leader at NJCC for 24 years, including 9 years on the Board
NEW BRUNSWICK, N.J., June 29, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), announces the departure of Marie Mascherin as Chief Operating Officer of NJCC effective June 30, 2023. During her 15-year tenure in executive leadership, Mascherin has been responsible for overseeing the organization's lending, portfolio management and compliance, mortgage platform, down payment assistance and community consulting activities.
"Marie has played a key role in developing NJCC into the organization it is today. Her commitment to our mission, borrowers, employees and the communities we serve has created a positive impact throughout New Jersey," said Bernel Hall, President and CEO of New Jersey Community Capital. "We greatly appreciate Marie's outstanding leadership, tireless dedication and many significant contributions to NJCC over the years. We wish her our best in her years ahead."
"I am proud to have been a part of NJCC. I have worked with a dedicated team of individuals who, collectively, have been responsible for the growth this organization has achieved during my tenure. When it comes to community development, NJCC does the hard stuff that can have a significant, long-term impact on a community, making it a better place," said Mascherin. "With the support of federal and state governments, along with committed institutional and individual investors, NJCC will continue its mission-based work in the region."
About New Jersey Community Capital
New Jersey Community Capital (NJCC) is a nonprofit community development financial institution (CDFI) that provides an innovative toolkit of financial products, programs, and services to advance equity and opportunity in underserved communities. NJCC supports the preservation and development of affordable housing and sustainable community development ventures that increase jobs, improve education, and strengthen neighborhoods to ensure communities can thrive. To learn more, visit https://www.newjerseycommunitycapital.org/, Twitter: @NJCommCapital, and LinkedIn: @new-jersey-community-capital.
Media Contact
Magdaline Hurtado, Violet PR, 201-937-8564, magdaline@violetpr.com
SOURCE New Jersey Community Capital
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