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View the 2023 TCB Impact Report
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Mid-Atlantic

Our vibrant communities cultivate culture and inspire innovation, from Pennsylvania to the Carolinas.

2,644

Homes Owned Or Managed

$796.2M

Total Investments

82%

Of Children Are
Enrolled In Preschool

Armstrong Renaissance

Richmond, VA

Public Housing Redevelopment

Mid-Atlantic / Armstrong
Mid-Atlantic / Armstrong

256

Homes

$60M

Investment

2022

Completion

Congress for NewUrbanism’s (CNU) Charter Award

2022

Affordable Housing Finance Agency Readers' Choice Award

2021

On the site of Armstrong High School, the first public school in Richmond for African American students, Armstrong Renaissance is a transformative redevelopment, designed for the future, while honoring the past. The first phases completed in 2020 include 105 new apartment homes,

a central park and a 4,000-square foot community center that serves as a vibrant hub for afterschool activities, supportive services and resident initiatives. “Armstrong Renaissance is Richmond’s newest vibrant, thriving and diverse neighborhood,” said Mayor LeVar Stoney.

TCB initiatives are giving residents a fresh start and a key to unlocking the life they deserve.”

Hillcrest Residences

Pittsburgh, PA

Sustainable Design

Mid-Atlantic / Hillcrest Residences
Hillcrest senior area

66

Homes

$15.8M

Investment

2017

Completion

Affordable Housing Tax Credit Coalition Charles L. Edson Tax Credit Excellence Award

2018

Affordable Housing Finance Readers’ Choice Award

2018

A multi-award-winning project designed for seniors 62 and up, Hillcrest Residences is one of the largest Phius-certified buildings in North America. Created to guide and verify the successful design and construction of passive buildings, Phius project certification combines stringent requirements with detailed review and quality assurance. Located in Pittsburgh’s Carrick neighborhood, the affordable eco-friendly development features triple-paned windows and added insulation to reduce heating and cooling costs.

Combining energy efficiency with affordability “underlines Pittsburgh’s commitment not only to our seniors and to affordable housing, but our goal to provide the very best standards of housing to all,” says Mayor William Peduto.

Additional amenities include a garden area, computer/library room, fitness center, and outdoor terrace. Eight units are handicap accessible and two units serve the hearing/vision impaired.

Combining energy efficiency with affordability underlines Pittsburgh’s commitment not only to our seniors and to affordable housing, but our goal to provide the very best standards of housing to all.”

Monument East

Baltimore, MD

Preservation

Monument East
Mid-Atlantic / Monument East

70

Homes

$48M

Investment

2020

Completion

Affordable Housing Tax Credit Coalition Charles L. Edson Award

2021

Baltimore Business Journal Best in Real Estate

2021

Baltimore Business Journal Wavemaker Award

2020

The redevelopment of Monument East has restored a unique building with a renewed purpose. Serving 170 elderly and disabled residents who call their home “The Heart of East Baltimore”, the renovation of Monument East was completed in partnership with the Housing Authority of Baltimore City in February 2020.

New kitchens, bathrooms and at-home amenities became a lifeline for vulnerable residents when the COVID-19 pandemic arrived weeks later. Monument East is winner of The Urban Land Institute Baltimore 2020 WaveMaker Award, recognizing its unique architecture and community mission.

The Beacon Center

Washington, DC

Community Impact

Mid-Atlantic / The Beacon Center
Mid-Atlantic / The Beacon Center

99

Homes

$53.3M

Investment

40K

Sq. Ft. Multipurpose Space

In 2009, Emory United Methodist Church was using a small residence for offices and transitional housing. To provide permanent housing for the city’s growing number of individuals transitioning from homelessness, the DC-based church teamed up with TCB to create The Beacon Center. The Beacon Center delivers 99 housing units, with 91 of the units reserved for low-income tenants making 60 percent or less than the area’s median income.

The remaining eight units are designated as permanent supportive housing. Securing the financing for the project wasn’t an easy task. To pay for the building’s historic renovation, developers leveraged $7.5 million in new-market tax credits allocated by TCB’s Community Development entity. This portion of the financing also covered the construction of a community center and indoor gymnasium.

The Lofts At Noda Mills

Charlotte, NC

Historic Redevelopment

Mid-Atlantic / Noda Mills
Mid-Atlantic / Noda Mills

66

Homes

$15.8M

Investment

2017

Completion

In June 2015, TCB completed The Lofts at Noda Mills, a vibrant 48-unit mixed-income development in Charlotte, N.C. The Lofts at Noda Mills boast Energy Star appliances, and washer and dryers in every unit. The renovated development also features a fitness center, dedicated office space, and sunroom. Another added bonus is the community’s art loft, where residents can display creative work.

“The Community Builders is tremendously proud of the redevelopment of this historic building,” noted TCB’s Rob Fossi. “The Lofts at NoDa Mills gave us the opportunity to partner with an extraordinary neighborhood in a flourishing city to bring a cherished community asset back to life, all while delivering quality housing at an affordable price in a vital, transit-oriented development.”

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