CDE: Building America CDE

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

Wayman-Palmer YMCA Community Hub

Toledo,
OH
(2024)

YMCAs and YWCAs

CDE(s): Building America CDE, IFF

New Markets Tax Credits supported the construction of a new YMCA Community Hub

Allentown Panel Shop Marcon

Allentown,
PA
(2024)

Manufacturing

CDE(s): Building America CDE

The intensive renovation and restoration of an existing building into a new manufacturing complex, including the environmental remediation of the blighted 17-acre Allentown Metal Works

Wayman-Palmer YMCA Community Hub

YMCAs and YWCAs

CDE(s): Building America CDE, IFF

New Markets Tax Credits supported the construction of a new YMCA Community Hub

Allentown Panel Shop Marcon

Manufacturing

CDE(s): Building America CDE

The intensive renovation and restoration of an existing building into a new manufacturing complex, including the environmental remediation of the blighted 17-acre Allentown Metal Works

Pittsburgh Glass Center

Pittsburgh,
PA
(2022)

Arts, Manufacturing, Vocational Training

CDE(s): Building America CDE, MBS Urban Initiatives

The project involves the $12.2 million renovation and/or expansion of two buildings supporting the work of the Pittsburgh Glass Center (“PGC”), a local nonprofit, public-access education center, art gallery and

PHMC Public Health Campus on Cedar

Philadelphia,
PA
(2023)

FQHCs

CDE(s): Building America CDE, CCG Community Partners, Community Hospitality Healthcare Services, PIDC Community Capital, PNC

The rehabilitation and improvement of the former Mercy Hospital into the Public Health Campus on Cedar.

Marygrove

Detroit,
MI
(2022)

Healthcare, Schools

CDE(s): Building America CDE, The Community Builders

The Immaculata School is the rehabilitation of an innovative, foundational, and collaborative education facility serving K-5 and run by the Detroit Public School Community District (DPSCD). Rehab includes mechanical, electrical,

U.S. Bank Extends $38 Million for the Creation of a New Healthcare and Housing Facility for Denver’s Homeless

Adult Education, Affordable Housing, Behavioral Health, College or Vocational Training, Community, Disability Services, Food Bank or Pantry, FQHCs, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Shelters and Community Food

CDE(s): Building America CDE, USBCDE

Destination Crenshaw

Los Angeles,
CA
(2021)

Arts, College or Vocational Training, Incubator, Museums

CDE(s): BSD Capital, Building America CDE, Local Initiatives Support Corporation, USBCDE

A reparative development, open-air museum project and one of the largest black public art projects in the U.S.

Harpreet S. Peleg

CDE(s): Building America CDE

Harpreet Peleg is Chief Executive Officer of Building America CDE and also serves as Chief Financial Officer for the AFL-CIO Housing Investment Trust, a leader in impact investing. Ms. Peleg

Powel Elementary School and Science Leadership Academy Middle School

Philadelphia,
PA
(2019)

Community, Schools

CDE(s): Building America CDE, Local Initiatives Support Corporation, PIDC Community Capital, PNC

To expand educational opportunities for children and support families in West Philadelphia, Drexel University undertook the challenge of expanding the capacity and improving the facilities of two existing neighborhood public

Sugar Hill

Detroit,
MI
(2020)

Adult Education, Affordable Housing, College or Vocational Training, Community, Homeless Services, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports, Veterans Services

CDE(s): Building America CDE, Cinnaire New Markets, Michigan Community Capital, PNC

Construction and development of a 5-story, mixed-use building consisting of 68 residential units, parking and approximately 12,000 sq. ft. of ground floor commercial and retail space.

YMCA of Central Massaschusetts

Worcester,
MA
(2020)

Community, Daycare and Early Childhood, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families

CDE(s): Building America CDE, Consortium America, MHIC, USBCDE

Project financed the reconfiguration and renovation of the primary operating site of the YWCA Central Massachusetts, Inc.

Renaissance Village

Welch,
WV
(2019)

Affordable Housing, Community, FQHCs, Healthcare, HFFI, Housing, Mixed-use, Rural

CDE(s): Building America CDE

NMTC brings first new commercial or residential development in the community in 50 years to Welch, WV.

Caring Health Center – Richard E. Neal Complex

Springfield,
MA
(2012)

Community, Dental Services, FQHCs, Healthcare, Historic Rehabilitation

CDE(s): Building America CDE, MHIC

The Caring Health Center project was the rehabilitation and adaptive reuse of three contiguous buildings in the Smith Carriage Company Historic District of Springfield, which improves healthcare in a medically

Horizons WaterMark Center

Roxbury,
MA
(2018)

Community, Daycare and Early Childhood, Food Bank or Pantry, FQHCs, Healthcare, Homeless Services, Mixed-use, Nonprofit Hub, Restaurants and Catering, Retail and Commercial, Shelters and Community Food, Youth and Families

CDE(s): Building America CDE, MassDevelopment, MHIC, Partners for the Common Good, Rose Urban Green Fund

The project is a joint venture between Horizons for Homeless Children and WaterMark Development.

Providence Public Library

Providence,
RI
(2018)

Community, Daycare and Early Childhood, Library, Youth and Families

CDE(s): Building America CDE, Consortium America

Providence Public Library used NMTC financing a $25 million renovation of its library in Providence.

Paseo Verde

Philadelphia,
PA
(2012)

Adult Education, Affordable Housing, Brownfield Remediation, College or Vocational Training, Community, FQHCs, Healthcare, Housing, Mixed-use, Office, Retail, Retail and Commercial, Transit Oriented Development, Workforce Housing

CDE(s): Building America CDE, Corporation for Supportive Housing, Local Initiatives Support Corporation, WNC National Community Development Advisors

A $48.2M mixed-use, transit-oriented, green development in Philadelphia's Ludlow community - a low-income, distressed neighborhood currently undergoing a revitalization drive fueled by strong public and private collaboration.

MacMahon Student Center

Newark,
NJ
(2014)

Community, Community Center, Retail, Retail and Commercial

CDE(s): Building America CDE, Chase, New Jersey Community Loan Fund

College Builds Bridge with Campus/Community Center

Halsey Street Teachers Village Workforce Housing A

Newark,
NJ
(2012)

Community, Daycare and Early Childhood, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one of the country's most economically depressed

Halsey Street Teachers Village Worforce Housing B

Newark,
NJ
(2018)

Community, Daycare and Early Childhood, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey.

Massachusetts Green High Performance Computing Center

Holyoke,
MA
(2011)

Higher Education, Mixed-use, Science and Tech

CDE(s): AI Wainwright, Building America CDE, CDF Development (Cordish), MassDevelopment, Urban Research Park CDE

Finaning for the Massachusetts Green High Performance Computing Center, New England's first high performance computing center.

Stout Street Health Center

Denver,
CO
(2012)

Adult Education, Affordable Housing, Behavioral Health, College or Vocational Training, Community, Disability Services, Food Bank or Pantry, FQHCs, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Shelters and Community Food, Supportive Housing

CDE(s): Building America CDE, USBCDE

The Stout Street Health Center and Renaissance Lofts expanded access to these critical medical services with the construction of a 50,000-square-foot replacement facility

Altgeld Resource Center

Chicago,
IL
(2019)

Community, Community Center, Daycare and Early Childhood, Library, Youth and Families

CDE(s): Building America CDE, Cinnaire New Markets

The new construction of the Altgeld Family Resource Center provides an early childhood learning center, a Chicago Public Library, and a community center to the Altgeld/Murray neighborhood on the far

Cooper Cancer Center

Camden,
NJ
(2012)

Community, Fighting Cancer, Healthcare

CDE(s): Building America CDE, Dudley Ventures, PNC

Development of cancer treatment facility and leasing to affiliate.

Roswell Park Cancer Institute

Buffalo,
NY
(2013)

Addiction Treatment, Behavioral Health, Community, Fighting Cancer, Healthcare

CDE(s): Building America CDE, Chase, Dudley Ventures, Grow America

NMTC financing supported the construction of the Roswell Park Cancer Institute

Northland Central

Buffalo,
NY
(2017)

Adult Education, Business Development, College or Vocational Training, Community, Environment, Manufacturing

CDE(s): Building America CDE, National Trust Community Investment Corporation

Redevelopment of a historic vacant industrial complex located in a distressed area on Buffalo's East Side.

Dudley Municipal Center

Boston,
MA
(2013)

Community, Mixed-use, Municipal Facilities, Retail, Retail and Commercial

CDE(s): Bank of America, Building America CDE, MHIC

Construction of the Dudley Municipal Center, considered a centerpiece of the City of Boston's revitalization of Dudley Square in the economically disadvantaged Roxbury community.

225 Centre Street

Boston,
MA
(2011)

Affordable Housing, Housing, Mixed-use, Parks and Forests, Retail, Retail and Commercial

CDE(s): Building America CDE, MHIC

The 225 Centre Street project was the construction of a new mixed‐use property in the Jackson Square district of Jamaica Plain, an economically‐disadvantaged neighborhood near downtown Boston.

The Joseph P. Addabbo Family Health Center, Inc.

Arverne,
NY
(2018)

Adult Education, Behavioral Health, College or Vocational Training, Community, FQHCs, Healthcare

CDE(s): Building America CDE, Primary Care Development Corporation

A 21,865 sq. ft. expansion onto its existing facility in the Far Rockaway neighborhood of Queens, New York.

Drexel School District Break Ground On Facility for K 8 Public Schools

Community, Schools, Youth and Families

CDE(s): Building America CDE, Local Initiatives Support Corporation, PIDC Community Capital, PNC