The Community Builders
Overview
The Community Builders, Inc. (TCB) is a non-profit real estate developer focused on creating affordable and mixed-income housing in the United States. Founded in 1964 and headquartered in Boston, Massachusetts, TCB has developed and managed thousands of housing units across various states. The organization facilitates strong community networks through housing and community life initiatives, aiming to foster economic opportunities and healthy living conditions. TCB has raised substantial project financing, exceeding $2.5 billion from both public and private sources.
Recent Developments
- November 2024: TCB received a $4.5 million grant from the Community Development Financial Institutions Fund to support the development of affordable housing projects.
- October 2024: The Community Builders raised $500,000 from the Citi Foundation to enhance their efforts in creating affordable and sustainable housing developments.
- September 2024: TCB commenced the redevelopment of a Boston housing complex into an affordable housing community that caters primarily to individuals previously experiencing homelessness. The development is supported by a $24 million bond from MassHousing.
- August 2024: In a major collaborative effort, TCB participated in the rejuvenation of an affordable housing site in Boston in partnership with Boston Housing Authority and other stakeholders, promoting an inclusive and sustainable community environment.
- April 2024: TCB completed the development of a mixed-income housing project in Chicago, contributing significantly to neighborhood revitalization.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 1964 |
| Headquarters | Boston, MA, USA |
| Founders | Robert B. Whittlesey |
| Revenue | $59.1 million (approximated) |
| Industry | Real Estate, Non-profit |
| Number of Employees | 772 |
| Major Products/Services | Affordable Housing Development, Community Life Initiatives |
Early History
The Community Builders was founded in 1964 with the mission to address housing inequalities by developing affordable housing options for low-income families. Initially focusing on local projects in the Boston area, TCB quickly expanded its operations nationwide. By collaborating with various community stakeholders and leveraging federal housing programs, TCB set a precedent for sustainable and inclusive neighborhood development.
Company Profile and Achievements
TCB is one of the leading non-profit developers in the United States, consistently recognized for its innovative approach to community building and affordable housing. The organization follows a mission-driven model, emphasizing collaboration with community partners to deliver high-quality housing developments. Over the years, TCB has:
- Developed or preserved over 13,000 housing units across 15 states and Washington, D.C.
- Engaged in transformative projects such as the redevelopment of historic areas and new constructions in underserved communities.
- Implemented strategies that include economic mobility programs and resident services to enhance community life.
- Received multiple awards for excellence in housing development and community service.
Current Operations and Market Position
The Community Builders continue to hold a significant position in the non-profit housing development sector by focusing on mixed-income housing and community life initiatives. Operating across several states, TCB leverages public and private funding to execute large-scale projects that aim to eradicate housing instability. The organization's robust partnerships with local governments and community organizations enable it to implement impactful socio-economic programs, defining its role as a catalyst for urban rejuvenation.
Conclusion
The Community Builders has played an instrumental role in reshaping the landscape of affordable housing across the United States. Through innovative projects and a deep commitment to community engagement, TCB continues to influence positive changes in real estate development. As TCB further develops its strategies to include sustainable and resilient housing solutions, it remains poised to expand its impact, ensuring that affordable housing becomes accessible to diverse communities nationwide.