The mission of Building America CDE, Inc., is to help transform low-income neighborhoods through new investments that promote community development and generate needed jobs, including union construction jobs. We believe that all communities in this country have the right to become their best vision of themselves. Building America was created to help achieve this vision.
Building America’s primary role is to help raise capital and facilitate loans and otherwise support community development. As a certified Community Development Entity (CDE), Building America makes use of New Markets Tax Credits (NMTCs) to help fill financing gaps for development projects that benefit the residents of distressed neighborhoods. In allocating NMTCs, we give priority to:
(1) large mixed-use urban development projects with at least a 20% commercial component, and
(2) healthcare facilities, specifically those financed through FHA.
Building America is currently financing several such investments and is seeking others that could benefit from NMTC equity.