Founded in 1964, The Community Builders (TCB) develops and sustains affordable and mixed-income housing across more than 150 communities across the Great Lakes, Mid-Atlantic, Midwest, New England, and the New York and New Jersey regions. To date, TCB has created over 33,000 housing units, with about 80% for families and 20% for older adults or individuals with disabilities. Beyond housing, TCB’s work extends to workforce development, youth services, community engagement, and education.
NFF’s $1.4 million predevelopment loan, with Leviticus Fund as lead lender, will finance Beacon – a community-driven effort led by Community Builders and Ascendant Neighborhood Development to expand the historic East Harlem Multi-Service Center and build 282 affordable housing units. This initiative will create lasting impact by dedicating a number of units to provide stable, long-term homes for families and individuals. In addition, the project will be fully electric and be designed to meet Enterprise Green Communities and Passive House Standards, enabling its residents to benefit from the latest advancements in green building technology.
This project utilizes funds awarded to NFF through NY Green Bank’s Community Decarbonization Fund, which expands access to financing for emissions-reducing projects that benefit underserved communities in New York State.