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Zycus’ AI Council charts the course of Generative AI in procurement

Merlin Assist – Gen AI chatbot awarded Innovative Solution of the Year by CPO100

 

PRINCETON, N.J. — (BUSINESS WIRE) — Zycus, a pioneer in Cognitive Procurement Software, proudly announces the continued success of its AI Council, uniting CPOs representing over $0.5 trillion of annual spends, and leading analysts to propel AI advancements in Source-to-Pay (S2P).

 

The recent session focused on Gen-AI use cases.

Innovative Leap with Merlin Assist

At the heart of these advancements is Merlin Assist, an AI-powered chatbot integrated with Microsoft Teams, offering a singular, streamlined interface for procurement activities. Enriched with the capability to utilize any Generative AI LLM, like OpenAI / ChatGPT or Bard AI, Merlin Assist is poised to redefine business engagement within procurement. Incidentally, Merlin Assist – Gen AI chatbot was awarded the most “Innovative Solution of the year” by CPO100 at their 2nd annual conclave held in Dubai.

 

Aatish Dedhia, Founder & CEO of Zycus, emphasizes, “Merlin Assist is more than a technological innovation; it’s a paradigm shift in procurement. Integrating Generative AI into our platform empowers users to navigate procurement processes with unprecedented ease and intelligence. We have always believed AI is the new UI, and Gen-AI truly makes it possible.”

 

Council’s Collaborative Triumphs

The AI Council, comprising prominent leaders Hervé Le Faou (Heineken), Brian Roche (Westfield Insurance), Daniele Landi (Danone), Piotr Teodorczyk (Suntory Holdings), Florence Tinsley-Roy (PwC), Robert Andersen (NewsCorp), Shyamala Chalakudi (Hewlett Packard Enterprise), Chris Sawchuk (The Hackett Group), and Kishore Pejavara (Delta Air Lines), among others, prioritized key Gen-AI use cases for the source-to-pay process. The members voted on the 20+ Gen-AI uses cases demonstrated live by Zycus which were developed over the past 4 months based on specific inputs from AI Council meet held in June 2023.

 

Top voted priorities include:

  • RFP generation,
  • Category strategy development,
  • Contract summary creation, and
  • Supplier discovery.

These use cases address current challenges and pave the way for strategic advancements in procurement.

 

Path to General Availability

While thousands of end users across key Zycus clients across the USA & Europe are currently using the Beta version of Merlin Assist, the Gen-AI powered Merlin Assist is scheduled for general availability by early next year. This early adoption is a testament to the significant impact Merlin Assist is anticipated to have across various industries.

 

About Zycus:

Zycus is the pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades. Zycus has been consistently recognized by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite. Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions, and its conversational AI offers a B2C type user-experience to the end-users.

Contacts

Arnish Shah

Associate Director – Marketing

Zycus Inc.

arnish.shah@zycus.com

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County of Mercer announces ‘Call for Artists’ to create public mural

Mercer County Executive Brian M. Hughes and the Mercer County Division of Culture & Heritage announce that Mercer County has a public art Request for Qualifications on the CaFÉ (Call for Entry) website www.callforentry.org.

The County is issuing a Request for Qualifications (Phase 1), inviting artists/artist teams who wish to be considered to submit their interest and qualifications for the creation of a public mural by Dec. 8, 2023.

This mural is to be installed on an exterior 319 ft (w) x 19 ft (h) wall located at 600 Cass Street, Trenton, N.J., on the New Jersey State Prison. This project is known as the Mercer County Cass Street Prison Mural Project.

The initial Request for Qualifications for this project will be offered only through the CaFÉ site, which is also used by the New Jersey State Council on the Arts for the Council’s Arts Inclusion opportunities.

Artists interested in submitting qualifications for this RFQ are encouraged to immediately set up a free artist’s account on CaFÉ. This free registration gives artists access to monthly listings of public arts project opportunities in New Jersey and across the nation.

Through CaFE, artists can upload up to 100 images of their work, as well as their resumes, bios and other materials that can be used in applying for commissions announced through the website.

Questions regarding the “Call for Artists” for this RFQ may be directed through CaFE once the call is posted. Artists who would like further information regarding the Mercer County Cass Street Prison Mural Project may email the Division of Culture & Heritage at  cultureandheritage@mercercounty.org.

Scan the QR code or click the image or here to be redirected to the site.

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CURE Insurance Arena invites you to President’s Day Weekend

Red, White & Brew Fest

Saturday, Feb. 17, 2024

In the late 1750s, George Washington inscribed a recipe “to make small beer” in the notebook he carried as colonel of the Virginia Militia during the French and Indian war.

That’s right – our founding father made a pretty revolutionary pint! Because of that moment in American history, CURE celebrates our founding fathers’ presidents’ weekend 2024 with a patriotic sampling event featuring over 50 styles from featured craft breweries, wineries, and spirits at the inaugural Red, White & Brew Fest!

You can party with good old George Washington himself and quench your thirst for freedom with unlimited samples, live music from Nine Deeez Nite, interactive games, contests, and more!

VIP Offer Includes: 1 Hour of early access (12 noon to 1p.m.) + 4 hours of sampling, 1 Parking Pass in Lot #1 (parking is first come, first serve), 1 Red, White & Brew Fest T-shirt, 1 Red, White & Brew Fest reusable tote bag, 1 Souvenir sample cup, 1 VIP Lanyard, 1 $10.00 Food Voucher for Concessions (must pick-up voucher at inside box office window – not valid on alcoholic beverages), Designated VIP Area with exclusive style craft brews.

GA Includes: 4 Hours of sampling + souvenir sample cup

Find a full list of Beer, Wine, and Spirit vendors by visiting REDWHITEANDBREWNJ.COM

TICKETS ON-SALE NOW – VISIT US AT TICKETMASTER.COM

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Ristorante Lucca in collaboration with AACCNJ host ongoing business ‘Mix and Mingle Monday’ sessions through October

 

 

 

 

Join us every other month for an evening of sophistication and networking at Ristorante Lucca & Piano Lounge exclusive “Mix and Mingle Mondays” hosted by AACCNJ! Dates of upcoming events:

 

 

December 18, 2023 – Holiday Launch Event 🎄
February 5, 2024
April 8, 2024
June 3, 2024
August 5, 2024
October 7, 2024

 

 

Indulge in our bi-monthly cocktail-style event, where you can relish handcrafted cocktails in a lively and sophisticated ambiance. A cash bar is available, offering a variety of beverage options for you to sip and socialize. Additionally, treat your palate to a selection of exquisite hand-passed hors d’oeuvres, expertly crafted by the culinary team at Ristorante Lucca.

 

Don’t miss the launch event on December 18, 2023, for a festive start to the holiday season! Mark your calendars, and get ready to Mix and Mingle with AACCNJ at Ristorante Lucca.

 

Dear AACCNJ Members,

We at Ristorante Lucca are excited to participate in the upcoming events organized by the chamber. We would like to donate a $500 dollar gift as a door prize to support the Chamber’s upcoming events. Furthermore, we would like to take this opportunity to seek your support in promoting our Holiday party offerings for businesses and individuals. We understand that many organizations are actively looking for holiday party venues, and our restaurant provides an intimate and luxurious environment for such events. We believe that our diverse menu, elegant atmosphere, and exceptional hospitality make Ristorante Lucca the ideal choice for any group looking to celebrate the holidays in style. It would be a pleasure to serve your members and provide them with an unforgettable experience. Thank you for your continued efforts to support local businesses, and we look forward to your response.

 

Best regards,

The Ristorante Lucca Team

 

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Hughes asks the people to support local small businesses, and check out Mercer’s new Small Business Investment Program

With its highly skilled workforce, renowned educational institutions, and high quality of life, Mercer County ranks as one of the most attractive locations to call home and to open a business.

From the retail industry to the service sector, Mercer County offers customers a large variety of quality products and services.

“As a backbone to our regional economy, there are approximately 4,500 independently owned and operated businesses in Mercer County and on this Saturday, Small Business Saturday, it is important that we consider buying from these local stores and shops,” said Mercer County Executive Brian M. Hughes.

“Mercer County local businesses invest their dollars back into the economy. They purchase inventory and services from throughout the region and employ local residents. In addition, our Mercer County Office of Economic Development is proud to draw attention to the Mercer County Small Business Investment Program in partnership with SMBX,” Mr. Hughes added.

Through this partnership, eligible small businesses in Mercer County can apply to issue Small Business Bonds™ to their community. A bond is like a loan, but instead of borrowing money from a bank, you borrow money from everyday investors, like customers, friends and family.

SMBX supports small businesses from all industries across the US and have raised millions of dollars for restaurants, breweries, accountants, trucking companies, event planners, and others.

To learn more about the program, click here, and don’t forget to shop small this holiday season!

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Six New Jersey businesses recognized for ‘challenging the status quo’ in the Garden State

Awards Reception Was Hosted by the African American Chamber of N.J. and the N.J. Chamber of Commerce

 

 

TRENTON, N.J. – Six New Jersey businesses that are leading the way in demonstrating tangible and measurable progress in DE&I (diversity, equity and inclusion) were recognized Nov. 20 at the second annual DE&I Trailblazer Awards reception, co-hosted by the African American Chamber Commerce of New Jersey and the New Jersey Chamber of Commerce.

 

“These are the companies and organizations that don’t just support DE&I, they are setting measurable equity and inclusion goals and meeting them,” said John E. Harmon Sr., IOM, founder, president & CEO of the African American Chamber of Commerce of New Jersey.

 

“They are making a difference. We applaud these trailblazers and encourage their counterparts in the business community to work toward similar measurable goals.”

 

“We are honoring the companies that are walking the walk,” added Tom Bracken, president and CEO of the New Jersey Chamber of Commerce. “We are recognizing and celebrating the DE&I champions who are meeting the challenge and challenging the status quo.”

 

The DE&I Trailblazer Awards at the Olde Mill Inn in Basking Ridge revealed honorees that have excelled in these key areas: access to capital; board diversity; corporate citizenship; supplier diversity; and workforce diversity. Also presented was an Emerging DE&I Influencer award that recognizes a business that is in the beginning phases of implementing a promising DE&I program.

 

The Awardees

The DE&I Trailblazer Award in the ‘Corporate Citizenship’ category went to Johnson & Johnson. Between matching employee donations and cash grants, Johnson & Johnson gave more than $12 million in each of the last three years to organizations in New Jersey – with $4.1 million in 2022 going to nonprofit organizations that address DE&I.

 

The DE&I Trailblazer Award in the ‘Access to Capital’ category went to Santander US. Santander offers a free executive leadership training program designed to help small- and medium-sized business owners in under-resourced communities. With a focus on minority-, women-, veteran-, and immigrant-owned businesses, the program helps small business entrepreneurs gain access to executive education, networking opportunities, and debt and equity capital. From 2005 through 2019, the program’s 3,836 alumni companies have averaged 126% growth in revenue, created 22,707 jobs, and raised $2.3 billion in capital.

 

The DE&I Trailblazer Award in the ‘Supplier Diversity’ category went to Hackensack Meridian Health. HMH created an Executive Diversity Council co-chaired by the CEO and the chief diversity officer, who reports directly to the CEO. And it established a supplier diversity-driven goal tied to executive compensation. The result? It increased its annual supplier diversity spend by 32% in 2023 – to $69.3 million. HMH has also created a supplier diversity showcase to ensure small and diverse businesses have equal access to opportunities. As a result of these and many other efforts, HMH was recently ranked first by Diversity, Inc. magazine in its 2023 Top Hospitals and Health Care Systems list.

 

The DE&I Trailblazer Award in the ‘Board Diversity’ category went to Modivcare. The social services company’s board of directors boasts a diverse composition of 10 members, including an African-American member, an Asian-Indian member, two female members, and one director whose gender is non-identified. The awardee’s DE&I success is striking in another way. Their executive leadership team includes an African-American male, who serves as the president of mobility; a white female who serves as chief compliance officer; and a female who is president of its personal care services division.

 

The DE&I Trailblazer Award in the ‘Workforce Diversity’ category went to Phillips 66 – Bayway. In 2022, 36% of Phillips 66 – Bayway’s global hires were women, and 42% of its U.S. hires were from underrepresented groups. Additionally, the company supports academic training grants and education opportunities for young women and minorities working in the fields of STEM – science, technology, engineering and math. Its work has paid off. For two consecutive years, it has earned a perfect score of 100 on the Human Rights Campaign Foundation’s Corporate Equality Index based on nondiscrimination policies, equitable benefits for LGBTQ+ employees and their families, supporting an inclusive culture, and corporate social policy.

 

The DE&I Trailblazer Award in the ‘Emerging DE&I Influencer’ category went to New Jersey Institute of Technology. A year ago, NJIT hired its inaugural chief diversity officer, Dr. David E. Jones. And under Dr. Jones’ leadership, it launched the Office of Inclusive Excellence. In the fall of 2023, Dr. Jones was recognized as a 2023 Champion of Diversity by DiversityGlobal Magazine. This fall, in NJIT’s first-year class, underrepresented minorities made up a record 50% of the class, and the enrollment of women – at 30% – was at an all-time high. The number of first-year students identifying as Black has nearly tripled since 2013 – and Hispanic first-year enrollment has reached over 30% for the second year in a row.

Honoring Companies that are ‘Walking the Walk’

The Nominees

For the past two months, the two chambers have accrued an impressive list of nominees that represent a wide range of business sizes and industries. All of them have inspiring and uplifting stories to demonstrate how they moved diversity, equity and inclusion to the forefront of their business strategies.

 

The nominees considered were:

AmeriHealth

Bank of America

Bridge Builders Newark, LLC

CannPowerment

The Ceceilyn Miller Institute for Leadership & Diversity

Chiesa Shahinian & Giantomasi P.C.

Cole Schotz

Delta Dental of New Jersey

Gibbons P.C.

Hackensack Meridian Health

Johnson & Johnson

Lockerbie & Co.

Modivcare

New Jersey Institute of Technology

Phillips 66-Bayway Refinery

PSEG

Santander US

Somerset County Business Partnership

Tené Nícole Creative Agency

UnitedHealth Group

We Are Jersey

 

About the African American Chamber of Commerce of N.J.

The African American Chamber of Commerce of New Jersey (AACCNJ) performs an essential role in the economic viability of New Jersey. While providing a platform for New Jersey’s African American business leaders, to speak with a collective voice, the AACCNJ advocates and promotes economic diversity fostering a climate of business growth through major initiatives centering on education and public policy. The Chamber serves as a proactive advocacy group with a 501(c) 3 tax exemption, which is shared by the National Black Chamber of Commerce

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AM Best to host IMCA/AM Best marketing leader lunch with AXIS’ Joe Cohen

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best will host a joint presentation with the Insurance Marketing & Communications Association (IMCA) on Friday, Dec. 8, 2023, at 12 p.m. EST.

 

In this live, interactive roundtable discussion, Joe Cohen, chief marketing and communications officer at AXIS, will discuss:

  • Rebranding strategies
  • Unlocking the value of corporate citizenship
  • Building a strong employer branding initiative
  • How marketers can help their organizations expand into new and adjacent markets
  • Ways to infuse diversity and inclusion into an organization’s culture
  • Uncovering the keys to success in digital marketing.

 

Panelists include:

  • Joe Cohen, chief marketing and communications officer, AXIS
  • Dave Evans, senior associate, Aartrijk, and former IMCA Board member
  • Lori Chordas, senior associate editor, AM Best TV

 

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Senior Vice President, Publication & News Services
+1 908 882 2102
lee.mcdonald@ambest.com

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Sting, Jonas Brothers set to headline at Lollapalooza India – Global Bulletin

LOLLAPALOOZA INDIA HEADLINERS: Sting, Jonas Brothers, Halsey and OneRepublic are among the headline acts set to perform at Lollapalooza India in January.

 

The music festival is set for a second edition Jan. 27-28, 2024, at the Mahalaxmi Race Course in Mumbai and will comprise four stages with over 20 hours of live music.

 

Other confirmed acts include: “piano rockers of alternative rock Keane; bold and fearless pop phenomenon and singer-songwriter Lauv; modern dance music duo Jungle; inimitable sound rockers Royal Blood; radical and unorthodox hip-hop rapper JPEGMAFIA; Italian electronic dance music artist Meduza; French house DJ Malaa; eclectic, psychedelic and pop music blending Caribou; K-pop and rock music fusion powerhouse The Rose; bilingual K-pop American blend of pop, R&B and soulful vocals of Eric Nam; pioneering world music sounds blended with Indian folk and classical melodies by Anoushka Shankar; one of the most vital standard-bearers of modern African music Fatoumata Diawara; global festival favorite hip-hop record producer and DJ Kenny Beats; India’s most sought after contemporary Indian folk band The Raghu Dixit Project; homegrown favorites multilingual indie-folk alternative band When Chai Met Toast; and Israeli alternative indie electronic pop sound masters Garden City Movement,” organizers said.

 

PARAMOUNT PREMIUM

Paramount+ Australia has launched the service’s Premium tier subscription plan to provide consumers with a variety of choices on how they would like to access the service’s ‘Mountain of Entertainment.’ The Premium plan brings Paramount’s blockbusters, exclusive originals, and hit shows to new heights with premium quality formats, including 4K UHD, HDR10, and Dolby Vision. Premium subscribers can also utilize four concurrent streams (instead of the two streams that come with the standard plan). The Premium plan launches in Australia for A$13.99 ($9.10) monthly and A$124.99 ($81.30) annually.

 

UNIVERSAL ALLIANCE

Universal Music Group India and Indian independent talent management company Represent have announced a strategic partnership to accelerate the opportunities available for its artists. Working together on artist development and fan engagement, Represent’s talent roster will gain access to UMG’s global footprint across distribution, publishing and brands. Some of its artists, who have billions of streams combined, will be distributed and supported under this strategic partnership include Anuv Jain, MC Stan, Zaeden, Lost Stories, Yashraj, Hanita Bhambri, Akanksha Bhandari, Kamakshi Khanna, Saahel, Savera, Kayan, OAFF and Jai Dhir.

 

 

 

Variety

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AACCNJ, McGraw Hill Publishers, and Trenton, NJ Public Schools join forces to launch innovative reading intervention pilot program

TRENTON, N.J. –  The African American Chamber of Commerce of New Jersey (AACCNJ), in partnership with McGraw Hill Publishers (AACCNJ President’s Club member) and Trenton, N.J. Public Schools, is proud to announce a groundbreaking collaboration aimed at enhancing the academic success of local students.

This initiative, known as the “Reading Acceleration for Success” program, will focus on Daylight High School students and utilize McGraw Hill’s acclaimed Achieve 3000 platform to accelerate reading growth and increase the number of students performing at or above grade level.

The “Reading Acceleration for Success” program is a testament to the commitment of AACCNJ, McGraw Hill Publishers, and Trenton, N.J. Public Schools to support educational equity and foster positive learning outcomes among African American students and students of color.

By leveraging the power of Achieve 3000, an adaptive literacy program renowned for its effectiveness in improving reading skills, this collaboration aims to make a significant impact on the academic achievements of Daylight High School students.

Key highlights of the collaboration include:

Targeted Reading Intervention: The program will provide targeted reading interventions tailored to the specific needs of Daylight High School students. It will focus on improving reading comprehension, vocabulary, and critical thinking skills.

Access to Achieve 3000: Students will have access to McGraw Hill’s Achieve 3000, a research-based platform that personalizes instruction to each student’s reading level and interests, ensuring a customized learning experience.

Professional Development: Educators at Trenton, N.J. Public Schools will receive specialized training in implementing Achieve 3000 effectively, enabling them to better support their students’ literacy development.

Community Engagement: AACCNJ will actively engage with the local community to ensure that families are aware of and involved in this initiative, promoting a holistic approach to student success.

Data-Driven Progress Monitoring: The program will employ data analytics to track and assess student progress, allowing for adjustments and improvements to maximize the impact of the intervention.

John E. Harmon Sr. IOM, Founder, President, and CEO of AACCNJ, expressed his enthusiasm for the collaboration, stating, “We believe that education is the cornerstone of economic empowerment and social advancement. The ‘Reading Acceleration for Success’ program aligns perfectly with our mission to promote educational excellence and equal opportunities for African American students. We are excited to fund the pilot and to partner with McGraw Hill Publishers and Trenton, N.J. Public Schools to make a meaningful difference in the lives of these young learners.”

In addition to the organizations’ efforts, McGraw Hill Publishers will provide ongoing support, resources, and technical expertise to ensure the program’s success. The collaboration reflects the commitment of all parties involved to creating a brighter future for students in the Trenton, N.J. community.

James Earle, Superintendent of Trenton, N.J. Public Schools, stated, “This partnership exemplifies our dedication to providing our students with the best tools and resources to succeed academically. We believe that the ‘Reading Acceleration for Success’ program will help our students build the strong literacy skills necessary for lifelong success.”

Over the coming months, it will be closely monitored and evaluated to assess its impact on student achievement and reading proficiency.

“Literacy is the key that unlocks the gate blocking the path to an unbounded future. The earlier we can equip young minds with that key, the better. We are proud to partner with The African American Chamber of Commerce of New Jersey to help more students gain the confidence to overcome obstacles and pursue a future of their own design, regardless of circumstances.” – Mr. Sean Ryan, President, McGraw Hill School.

 

About the African American Chamber of Commerce of NJ 

The African American Chamber of Commerce of New Jersey (AACCNJ) performs an essential role in the economic viability of New Jersey. While providing a platform for New Jersey’s African American business leaders, to speak with a collective voice, the AACCNJ advocates and promotes economic diversity fostering a climate of business growth through major initiatives centering on education and public policy. The Chamber serves as a proactive advocacy group with a 501(c) 3 tax exemption, which is shared by the National Black Chamber of Commerce.

 

About McGraw Hill Publishers

McGraw Hill is a leading learning science company that delivers personalized learning experiences that help students, parents, educators, and professionals drive results. McGraw Hill has offices across North America, India, China, Europe, the Middle East, and South America and makes its learning solutions for PreK-12, higher education, professionals, and others available in more than 135 countries.

 

About Trenton, NJ Public Schools

Trenton Public Schools is a diverse, urban school district that serves a wide range of students from preschool through high school. The district is committed to providing high-quality education and ensuring equitable opportunities for all students, regardless of background or circumstance.

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NJHMFA approves Foreclosure Intervention Program for residential properties

TRENTON, N.J. —  The New Jersey Housing and Mortgage Finance Agency (NJHMFA) approved the Residential Foreclosure Intervention Program (FIP) at its Oct. 19 board meeting.

The FIP will enable qualified non-profits to rehabilitate vacant or abandoned residential properties and sell them to low-, moderate-, or middle-income households.

“Vacant and abandoned homes are often purchased by institutional investors to rent back to the community or left to depreciate, adversely impacting neighboring properties,” said Executive Director Melanie R. Walter.

“This program is a testament to the state’s commitment to finding innovative solutions to difficult problems. Instead of allowing those to be the only two potential outcomes, we are going to rehabilitate these properties and get them back into the hands of residents as ownership opportunities.”

In conjunction with the Emergency Rescue Mortgage Assistance Program (ERMA), which has already delivered more than $110 million in relief to prevent foreclosures, the FIP is part of NJHMFA’s efforts to offer communities a wide range of solutions to combat foreclosure contagion and increase the stock of available homes for purchase by low-to-moderate income families.

The FIP is financed by fees collected during sheriff sales and supplemented with $25 million from the state’s allocation of the Coronavirus State and Local Fiscal Recovery Fund. From these funds, nonprofit community development organizations are eligible for up to $400,000 per property in grants to use for the acquisition and rehabilitation of single-family homes, townhomes, or condominiums.

After these properties are rehabilitated by nonprofit community development organizations, they will be sold to low-, moderate-, or middle-income households. To help these eligible families complete home purchases, NJHMFA offers up to $22,000 in down payment and closing cost assistance through its successful Down Payment Assistance (DPA) Program.

NJHMFA’s share of the proceeds will be deposited back into the Foreclosure Intervention Fund to ensure that the program grows with its successes. Grantee applications will be accepted on a rolling basis, with the program’s initial round of financing expected to benefit 60 properties.

Interested non-profits seeking to rehabilitate properties through the FIP are encouraged to visit https://www.nj.gov/dca/hmfa/consumers/nonprofits/ or reach out to FIP@njhmfa.gov for more information.

 

About Us: The New Jersey Housing and Mortgage Finance Agency (NJHMFA) advances the quality of life for residents of and communities throughout New Jersey by investing in, financing, and facilitating access to affordable rental housing and homeownership opportunities for low and moderate-income families, older adults, and individuals with specialized housing needs. To learn more about NJHMFA, visit: https://NJHousing.gov/