The Camden County Improvement Authority (CCIA) is proud to announce the successful issuance of $6.29 million Borough Guaranteed Lease Revenue Bonds for the Brooklawn Board of Education Project.
“This project reflects Camden County’s commitment to investing in education, strengthening community assets, and ensuring safe, modern learning environments for our children,” said Commissioner Director Louis Cappelli Jr., liaison to the Camden County Improvement Authority. “I applaud the CCIA, Brooklawn Borough, and the Brooklawn Board of Education for their steadfast commitment to improving Alice Costello Elementary School, ensuring student success for years to come.”
This financing will fund critical capital improvements at Alice Costello Elementary School, including classroom and facility upgrades, heating, cooling, and ventilation improvements, and modernized infrastructure
“This agreement highlights the CCIA’s capacity to assist municipalities, non-profits, and community organizations in their capital investments, through providing a cost-saving alternative to traditional municipal bonds,” said Jim Lex, Executive Director of the Camden County Improvement Authority. “We are excited to support the Brooklawn Board of Education Project and look forward to seeing the improvements made through innovative funding available for schools who need code and safety repairs.”
The project is expected to be completed ahead of the 2026-2027 school year.
The Camden County Improvement Authority is an independent, public agency created by the Camden County Board of Commissioners to provide low cost financing, economic development and project development services for local units, community organizations, and not-for-profit entities to foster economic, employment, redevelopment and affordable housing development projects that improve the quality of life for the residents of Camden County and other eligible areas of the State of New Jersey.