The Community Builders

What The Community Builders does

The Community Builders (TCB) is a nonprofit real estate organization founded in 1964 and headquartered in Boston, Massachusetts. It develops, owns, and manages mixed-income housing across 15 states (Connecticut, Massachusetts, Rhode Island, Virginia, Maryland, Pennsylvania, Indiana, Illinois, Wisconsin, Ohio, Michigan, Kentucky, New York, New Jersey, and Washington D.C.) through five regional offices. TCB's portfolio encompasses more than 13,000 housing units across 150+ properties, with combined regional investments exceeding $5.1 billion. The organization's stated mission is to build and sustain strong communities where all people can thrive, serving low-income families (at or below 60% of area median income), seniors, disabled adults, individuals transitioning from homelessness, and moderate-income residents.

TCB operates through three integrated service areas: (1) Residential & Commercial Development, encompassing new construction and rehabilitation of mixed-income, senior, and supportive housing using standards such as WELL certification and Passive House design; (2) Property & Asset Management, operating the 150+ property portfolio with on-site service teams; and (3) Community Life, a proprietary place-based resident services model that trains service coordinators in resident-centered coaching and connects residents to education, economic mobility, health, and civic engagement resources. TCB does not develop software products, APIs, or AI/ML systems; its "technology" is operational and methodological rather than digital. Notable programmatic differentiators include the Avondale Children Thrive Initiative (addressing social determinants of child health) and partnerships with healthcare providers such as Cincinnati Children's Hospital, Rush Hospital, and Pine Street Inn.

As a 501(c)(3) nonprofit, TCB's revenue mechanics differ from a for-profit operator. Income sources include recurring rental income from owned/managed properties, syndication proceeds from low-income housing tax credits (LIHTC) and historic tax credits, property and asset management fees, donations, grants from foundations (e.g., TD Bank, Bank of America, Eastern Bank, CohnReznick) and federal programs (HUD Choice Neighborhoods Implementation grants, CDFI Fund awards), and commercial leasing in mixed-use developments. TCB goes to market through direct relationships with public housing authorities (Chicago Housing Authority, Cuyahoga Metropolitan Housing Authority, Housing Authority of Baltimore City, Holyoke Housing Authority) and municipal governments (Boston, Cincinnati, Baltimore, Richmond), supplemented by an online Find a Home portal for prospective residents. Lead generation relies heavily on earned media, an annual Power of Home fundraiser, and community/healthcare partner referrals.

Name

The Community Builders

Legal name

The Community Builders, Inc.

Website

https://tcbinc.org

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Community Builders is a nonprofit real estate organization founded in 1964 that develops, owns, and manages more than 13,000 mixed-income housing units across 15 states, combining real estate development with a place-based Community Life resident services model serving low-income families, seniors, and disabled residents.

Ownership category

akta.pro rank

Product category

Affordable Housing Development and Management

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (2372), Other Community Housing Services (624229)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Affordable Housing Development & Construction (IMAFABAI), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Mixed-Use Community Association Management (BPAJAHAF)

Keywords

• Affordable housing development
• Mixed-income housing
• Community development real estate
• Property asset management
• Supportive housing services

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Real Estate Development: TCB develops mixed-income housing properties, receiving investment returns from property appreciation, rental income, and syndication proceeds from low-income housing tax credits and historic tax credits.
2. Property and Asset Management: Managing over 150 properties across 15 states, generating recurring property management fees and asset management revenue.
3. Donations and Grants: Accepts charitable donations to support Community Life resident initiatives. Receives grants from foundations, corporations (TD Bank), and government programs.
4. Commercial Space Leasing: Generates revenue from commercial tenants in mixed-use developments, including retail spaces like Addis Café and community facilities.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

The Community Builders develops, owns, and manages mixed-income affordable housing across 15 U.S. states, operating through three integrated service lines: Residential & Commercial Development (new construction and rehabilitation of mixed-income, senior, and supportive housing), Property & Asset Management (operating 150+ properties), and Community Life (a place-based resident services model connecting residents to early education, economic mobility, youth development, health, and civic engagement resources). The organization finances development through low-income housing tax credits, historic tax credits, HUD programs, and state/local subsidies, then sustains long-term affordability through ongoing property management.

Product overview

The Community Builders (TCB) is a nonprofit real estate organization that develops, owns, and manages mixed-income housing. Their core offerings consist of three integrated service areas: (1) Residential & Commercial Development - creating mixed-income housing through new construction and rehabilitation; (2) Property & Asset Management - managing over 150 properties across 15 states; and (3) Community Life - a place-based resident services model that connects residents to educational programs, economic opportunities, and healthier lives. TCB operates as a unified nonprofit housing organization rather than a platform-plus-modules architecture. Their portfolio includes senior housing, mixed-income developments, and supportive housing for homeless populations, supported by their Community Life initiative that serves as an overlay service model.

Differentiator

Problem solved

Functional benefit

Brands

• Community Life: A place-based model that uses healthy and stable housing as a platform for connecting families, seniors, and residents with disabilities to services, resources, and opportunities.
• Power of Home

Products and services

• Community Life A place-based resident services model that uses healthy and stable housing as a platform for connecting families, seniors, and residents with disabilities to early education, economic mobility, youth development, community engagement, voting access, healthy living, and resident leadership services. Delivered through service coordinators trained in resident-centered coaching at TCB's 42+ family and 24+ senior Community Life sites.
• Residential & Commercial Development New construction and rehabilitation of mixed-income, senior, and supportive housing properties, plus mixed-use developments with commercial space. Delivered across 15 states under TCB's five regional offices, leveraging low-income housing tax credits, historic tax credits, new markets tax credits, and HUD financing. Includes more than $5.1B in cumulative investment across regional portfolios.
• Property & Asset Management Ongoing property and asset management services for 150+ properties across 15 states, placing residents at the center of operations through on-site management teams. Generates recurring property management fees and asset management revenue across TCB's owned and managed portfolio.
• Senior Housing Communities Affordable housing communities designed for residents 62 and older, often featuring sustainable design (WELL certification, Passive House standards), accessibility features, and on-site community amenities. Recent examples include Franklin Ridge Senior Housing (60 units, Franklin) and Angela Gardens (45 units, Enfield, CT).
• Mixed-Income Housing Developments Newly constructed or rehabilitated multifamily residential buildings offering a mix of affordable, moderate-income, and market-rate units in urban neighborhoods. Recent examples include A.O. Flats Forest Hills in Boston (2021 ULI Jack Kemp Affordable and Workforce Housing Award winner), Hillside Crossing in Schenectady, NY, and Hillside Crossing artist maker space facility in partnership with Albany Barn.
• Supportive Housing Housing developments that reserve units for chronically homeless individuals and families, often developed in partnership with homeless services providers and including on-site case management. Notable examples include 3368 Washington in Jamaica Plain, MA (140 supportive rental units plus 62 low/moderate-income residences in partnership with Pine Street Inn), and The Beacon Center in Washington, DC (99 units, 91 reserved for low-income and permanent supportive housing tenants in partnership with Emory United Methodist Church).

Quantifiable outcome

• 95% of resident families feel safe at home (New England)
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Pine Street InncoreStrategic or Co-development PartnerNew England's largest homeless services provider partnered with TCB to create 3368 Washington in Jamaica Plain, MA, providing 140 supportive rental units and 62 low/moderate-income residences with on-site case management.
• Chicago Housing AuthoritycoreStrategic or Co-development PartnerPublic housing authority partnering with TCB on major neighborhood revitalization projects including Oakwood Shores (Chicago's largest transformation) and Southbridge developments.
• Rush Hospital (Chicago)minorStrategic or Co-development PartnerHealthcare partnership with Rush University and Illinois Institute of Technology to support communities during pandemic through mental health investments, teen mentorship, and community support programs.
• Cuyahoga Metropolitan Housing AuthoritycoreStrategic or Co-development PartnerPartnership for Woodhill Station East development and public housing redevelopment in Cleveland, OH.
• Housing Authority of Baltimore CitycoreStrategic or Co-development PartnerPartnership for Monument East redevelopment serving elderly and disabled residents, completed in 2020.
• Emory United Methodist Church (DC)minorStrategic or Co-development PartnerDC-based church partnered with TCB to create The Beacon Center, providing 99 housing units with 91 reserved for low-income tenants and permanent supportive housing.
• Boys & Girls ClubminorStrategic or Co-development PartnerCommunity partnership providing youth development services and programs at TCB communities.
• Holyoke Housing AuthoritycoreStrategic or Co-development PartnerPartnership for Lyman Terrace redevelopment serving 164 families, recognized with national awards for excellence in HUD Preservation.
• City of BostoncoreStrategic or Co-development PartnerStrategic partner for affordable housing developments including 3368 Washington (largest supportive housing development in the city) and A.O. Flats Forest Hills.
• City of CincinnaticoreStrategic or Co-development PartnerPartner for Avondale neighborhood transformation including $29.5 million HUD Choice Neighborhoods Implementation grant leveraging up to $100 million in development.
• Cincinnati Children's HospitalminorStrategic or Co-development PartnerHealthcare partner in Avondale community working on housing, health, and education improvements.
• Felician SistersminorStrategic or Co-development PartnerPartnership for Angela Gardens development in Enfield, CT - transforming former convent into 45-unit affordable senior housing.
• Boston Children's HospitalminorStrategic or Co-development PartnerHealthcare partner providing support for community development initiatives.
• Dana-Farber Cancer InstituteminorStrategic or Co-development PartnerHealthcare partner; Elizabeth González Suárez previously served as director of Community Health Practice at DFCI before joining TCB.
• Albany BarnminorStrategic or Co-development PartnerNonprofit partner providing Electric City Barn artist maker space at Hillside Crossing development in Schenectady, NY.

Scale indicators8 records

Expansion highlights5 records

Direct peers

• Mercy Housing: One of the largest U.S. nonprofit affordable housing developers/operators, operating a comparable mixed-income, mixed-population portfolio with integrated resident services. Direct comparable in mission, scale, and funding-stack reliance.
• Enterprise Community Partners: National nonprofit that develops and operates affordable housing across multiple states and integrates health, education, and resilience services. Highly comparable mission, geographic breadth, and cross-sector partnership model to TCB.
• BRIDGE Housing: West Coast-focused nonprofit affordable and mixed-income housing developer/operator with comparable scale and resident-services overlay. Direct peer on operating model and target population.
• The NHP Foundation: Nonprofit affordable and mixed-income housing developer/owner with presence in Mid-Atlantic and other Northeast markets overlapping TCB's footprint. Comparable business model, tax-credit reliance, and resident-services orientation.
• AHC Inc. Nonprofit affordable housing developer based in the Mid-Atlantic with similar mixed-income, mixed-population portfolio and resident-services programming. Strong overlap with TCB's Mid-Atlantic operations.
• Preservation of Affordable Housing (POAH): National nonprofit preserving and developing affordable rental housing with an integrated resident-services model. Comparable in mission, portfolio strategy, and LIHTC financing approach.
• National Church Residences: Nonprofit affordable senior housing developer and operator with national footprint, directly comparable to TCB's senior housing sub-portfolio (e.g., Monument East, Angela Gardens, Franklin Ridge).
• Volunteers of America National Services: National nonprofit operating supportive and affordable housing for low-income, homeless, and senior populations. Comparable supportive-housing segment and resident-services integration.

Broad incumbents

• WinnCompanies: Large multifamily owner/manager/developer operating affordable, mixed-income, and market-rate housing nationally. Comparable on property and asset management scale, broader in scope as a for-profit operator.

Others

• Boston Financial Investment Management: Major LIHTC syndicator and investor in affordable housing developments. Ecosystem counterpart rather than direct competitor - relevant because TCB's projects depend on LIHTC syndicators like BFIM for tax-credit equity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tcbcommunities
• YouTubeyoutube.com/user/TCBCommunities
• Facebookfacebook.com/tcbcommunities
• LinkedInlinkedin.com/company/the-community-builders-inc-
• Instagraminstagram.com/tcbcommunities

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds5 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Community Builders