The partnership of Ducktown Neighborhood Association and the Atlantic County Economic Alliance (ACEA) was awarded a $992,750 Neighborhood Revitalization Tax Credit (NRTC) Project grant from the New Jersey Department of Community Affairs (DCA). This funding will support ACEA’s efforts to revitalize the Ducktown and Venice Park neighborhoods in Atlantic City by investing in housing, business development, and community improvements.
“This grant is a major step forward in our commitment to strengthening neighborhoods and creating economic opportunities in Atlantic City,” said Lauren Moore, President of ACEA. “By expanding the reach of the NRTC program to include Venice Park, we can provide more residents and businesses with the resources they need to grow and succeed. We appreciate the support of Governor Murphy and the Department of Community Affairs in making this investment possible.”
“Both Ducktown and Venice Park have a rich history and a strong sense of community, and this investment will help us build on those foundations,” said Michael Cagno, President of the Ducktown Community Development Corporation. “By improving homes, supporting small businesses, and enhancing the overall look and feel of the neighborhoods, we are creating a stronger, more vibrant community. This funding will help us continue to celebrate and grow the cultural and economic identity for both neighborhoods, making them better places to live, work, and visit.”
Wendy Bartlett, a member of the ACEA board of trustees and Senior Vice President of Fulton Bank, stated, “Fulton Bank is proud to serve as the major funder in this grant to revitalize Ducktown and Venice Park. Investing in these neighborhoods aligns with our commitment to strengthening local communities and supporting sustainable economic growth. We are excited to see the positive impact this funding will have in creating opportunities for homeownership, business development, and neighborhood improvements.”
The grant, supported by multiple investors including lead funder, Fulton Bank, along with PNC Bank (Southern New Jersey), and Parke Bank, will fund a series of initiatives designed to enhance the quality of life in Ducktown and Venice Park. These include home and business facade grants, which will improve the appearance and structural integrity of properties. A home-buying assistance program will help residents achieve homeownership and invest in the community.
The funding will also provide business micro grants and professional development opportunities to support local entrepreneurs and small businesses. Additionally, a portion of the funds will support wayfinding improvements to enhance the identity and visibility of both neighborhoods.
