Building America seeks projects that meet a “but for” test: if not for the NMTC investment, the project would not be fully financed and, more importantly, the community would not see the benefits of the project. The types of projects Building America invests in include: mixed-use projects, healthcare and manufacturing facilities, community centers, and projects that provide a catalyst for severely distressed neighborhoods.
Building America’s overall activities help revitalize distressed communities by focusing on:
- Creation of union construction jobs;
- Creation of union permanent jobs;
- Access to pre-apprenticeship programs and other job training programs;
Inclusion of local hiring requirements;
Provision of community services, such as job training, education, healthcare, or other neighborhood services;
Increasing access to affordable housing or medical care;
Helping projects with strong levels of community support.