Exciting news! The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund awarded The Community Builders CDE LLC a $50 million New Markets Tax Credit (NMTC) allocation. This $50 million award is the sixth award to The Community Builders CDE and brings our total NMTC allocation received to $240 million. The Community Builders CDE has deployed its $178 million in previous awards to support 30 projects of various types across 11 states and Washington, D.C.

This allocation advances The Community Builders’ mission to build and sustain strong communities where all people can thrive. As an innovator in community development since 1964, we have advanced housing equity through award-winning affordable and mixed-income communities and our pioneering Community Life model for resident success. Today, our ownership and management portfolio include over 14,000 apartment homes across 15 states and Washington, D.C. Our strategy is to target TCB CDE’s NMTC allocation to support commercial and community facilities projects that create jobs and economic activity while addressing the non-housing needs of communities where TCB has housing developments completed or underway.

You can read more about the Treasury announcement here.

We look forward to working with you to strengthen communities. If you have questions about our New Markets Tax Credit activities, please contact Malik Aziz.