Darryl Godfrey

WORK HISTORY

EDUCATION

SKILLS

ABOUT DARRYL GODFREY

A seasoned finance and community development professional, Darryl serves as the Chief Operating Officer for the New Jersey Redevelopment Authority (NJRA), a multi-million dollar independent financing authority created by the state of New Jersey to transform urban communities through direct investment and technical support. In this capacity he focuses on working with municipalities, real estate developers and community organizations to assist in providing financing to redevelopment projects in underserved neighborhoods. Since joining NJRA, Darryl has worked to increase the authority’s impact and expand its reach. To this end, he has played an integral role in the authority applying for and receiving New Market Tax Credits from the federal government. Darryl spearheaded the effort to deploy these subsidies to critical economic development projects in Camden and Newark. Most notably, NJRA leveraged these credits to close a funding gap for the nationally acclaimed Ray and Joan Kroc Center in Camden, NJ.Before joining NJRA, Darryl served as the Executive Vice President of Brick City Development Corporation (BCDC), an community development entity created by the City of Newark. In this role, he led the management team that was responsible for providing capital to the underserved small businesses. During his tenure, he successfully negotiated the establishment of a $4 million fund provided by Prudential Insurance for small business financing. He created a technical assistance program that trained over 600 entrepreneurs.Darryl began his career in banking where he spent over 15 years working for some of the nation’s largest financial institutions (JP Morgan Chase, GE Capital) providing SBA and commercial loan products. Darryl resides in South Orange, NJ with his wife, Annie Sneed-Godfrey and son Nile, a graduate of Oberlin College in Oberlin, Ohio. Darryl earned his undergraduate degree from Rutgers University.