Caribbean Integration Community Development

What Caribbean Integration Community Development does

Caribbean Integration Community Development (CICD) is a Massachusetts-incorporated nonprofit community development corporation founded in 2012 by Donald Alexis and headquartered at 820 Cummins Highway in Mattapan, Boston. Its core function is the acquisition, financing, and development of affordable housing for low-income households, Caribbean immigrants, and people of color in Greater Boston and, more recently, Providence, Rhode Island. To date, the organization has delivered five major properties comprising approximately 185 units across the AMI spectrum (30%–100%): Cote Village (52-unit mixed-use), Cote Village Townhomes (24 units), Morton Station Village (40 units, including 9 deed-restricted homeownership), River Street Village (30-unit senior housing), and Elmwood Avenue Senior Apartments (39 units in Providence). Cumulative development activity exceeds $100 million, financed through public-private capital stacks combining 9% and 4% Low-Income Housing Tax Credits, New Markets Tax Credits, MHFA programs, City of Boston DND funds, and debt from Bank of America and other lenders, with the Planning Office for Urban Affairs as a recurring co-development partner.

The business model is multi-stream: development fees and deferred developer fees from LIHTC-financed projects, recurring rental income from income-restricted units, commercial lease income from 1,200 sq. ft. of retail and 1,000 sq. ft. of office at Cote Village, donations and sponsorships (including annual events such as Rhythms & Rum), and — as of 2025 — interest income from the Main Street Loan Fund, a certified Community Development Entity and U.S. Treasury NMTC allocator providing affordable loans to entrepreneurs and developers across Boston and Western Massachusetts. Complementary programs include Green Jobs Training targeting Massachusetts' green energy workforce and Apanou Communities, a 2024-launched development firm focused on workforce housing preservation in transit-oriented neighborhoods. The go-to-market depends on responding to city RFPs and securing strategic co-development and financing partners, with media coverage, community engagement events, and social channels supporting donor and partner acquisition. Revenue is not publicly disclosed and operating headcount is 1–10, reflecting a lean, project-throughput-driven nonprofit structure.

Name

Caribbean Integration Community Development

Legal name

Caribbean Integration Community Development Inc.

Website

https://cicdofboston.org

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Caribbean Integration Community Development is a Massachusetts nonprofit founded in 2012 that develops affordable rental and homeownership housing for low-income households, Caribbean immigrants, and people of color across Greater Boston and Providence, RI, operating through LIHTC/NMTC-financed public-private partnerships and complementary workforce and small-business capital programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Continuing Care Retirement Communities (623311)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Affordable / Middle-Market CCRCs (HLADAEAJ)

Keywords

• Affordable housing development
• Community development
• Workforce housing
• Nonprofit housing development
• Community lending

Headquarters

HQ city

Mattapan

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Donations and Contributions: CICD relies on support from sponsors and donors to continue improving the wellbeing of low-income, immigrant communities in Boston. Contributions help fight housing insecurity and create healthy, thriving communities.
2. Affordable Housing Development: CICD procures and develops real estate for use by low income occupants. Revenue is generated through development fees, financing arrangements with government agencies, tax credits (9% and 4% Tax Credits), and deferred developer fees from large-scale development projects.
3. Small Business Loans (Main Street Loan Fund): Provides affordable, flexible loans to entrepreneurs and developers, enabling them to start or grow local businesses. Launched in 2025 as a transformative initiative to address historic inequities in capital access.
4. Retail and Office Space Leasing: Cote Village includes 1,200 sq. ft. of retail space and 1,000 sq. ft. of office space for CICD, generating rental income from commercial tenants, particularly local minority-owned businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Caribbean Integration Community Development (CICD) is a nonprofit community development organization that acquires, develops, and manages income-restricted affordable rental and homeownership housing for low-income families and seniors in Greater Boston and Providence, RI. Its portfolio includes five housing developments totaling over 185 units, complemented by the Main Street Loan Fund (a certified CDE providing New Markets Tax Credit financing) and the Green Jobs Training Program that prepares residents for careers in the green energy industry.

Product overview

CICD offers a portfolio of affordable housing products and community development services. The core offerings include five distinct housing developments: Cote Village (52-unit workforce housing complex), Morton Street Village (40-unit mixed-income development), River Street Village (30-unit senior housing), Cote Village Townhomes (24 units), and Elmwood Avenue Senior Apartments (39 units in Providence, RI). These properties serve families and seniors earning 30-100% of area median income. Complementary programs include the Green Jobs Training Program, which provides workforce training for the green economy, and the Main Street Loan Fund, a certified Community Development Entity providing New Markets Tax Credit financing to underserved entrepreneurs. In 2024, CICD launched Apanou Communities as a subsidiary development firm focused on workforce housing preservation.

Differentiator

Problem solved

Functional benefit

Brands

• Main Street Loan Fund: A certified Community Development Entity (CDE) and allocator of the U.S. Treasury's New Markets Tax Credit (NMTC) program, providing flexible, affordable financing to developers and entrepreneurs often excluded from traditional sources of capital.
• Apanou Communities

Products and services

• Cote Village A 52-unit apartment, retail and office complex in Mattapan serving as workforce and affordable family housing for households earning 60% or less of Boston area median income, with 21% of units set aside for previously homeless tenants. Located at 820 Cummins Highway.
• Cote Village Townhomes A 24-unit townhome development reserved for families earning 60% or less of Boston area median income, located near the Cummings Highway Commuter Rail Station in Mattapan.
• Morton Station Village A 40-unit income-restricted complex with 31 rental units and 9 homeownership units for families earning 30%-100% of Boston area median income, located near the Morton Street Commuter Rail Station in Mattapan.
• River Street Village A four-story, 30-unit age-restricted senior housing complex for seniors earning 30%-100% of Boston area median income, featuring a 1,500 sq. ft. community room and Meals On Wheels distribution capabilities.
• Elmwood Avenue Senior Apartments A 39-unit six-story senior living apartment complex in Providence, RI serving seniors earning 30%-60% of area median income, developed in partnership with Karsten Companies.
• Main Street Loan Fund A certified Community Development Entity (CDE) and New Markets Tax Credit (NMTC) allocator providing flexible, affordable financing to entrepreneurs and developers often excluded from traditional sources of capital across Boston and Western Massachusetts.
• Green Jobs Training Program Job training programs equipping residents in low-income communities with skills needed to secure well-paying jobs in Massachusetts' expanding green energy industry, supporting state and City of Boston sustainability goals.
• Apanou Communities A development firm founded by Donald Alexis in 2024 dedicated to preserving and creating workforce housing in transit-oriented neighborhoods.

Quantifiable outcome

• Cote Village was built on site of abandoned Ford Dealership, replacing 35 years of blight
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Planning Office for Urban Affairs (POUA)coreStrategic or Co-development PartnerLong-term development partner on multiple projects including Cote Village, Cote Village Townhomes, River Street Village, and Morton Station Village. POUA is a Boston-based organization that collaborates with CICD on affordable housing developments, bringing complementary expertise in urban planning and community development.
• Massachusetts General Hospital (MGH)minorStrategic or Co-development PartnerHealthcare institution partner through MGH's Community Health/CHHI initiatives supporting community health and wellness aspects of affordable housing developments.
• Karsten CompaniescoreStrategic or Co-development PartnerDevelopment partner for Elmwood Avenue Senior Apartments in Providence, RI. CICD partnered with Karsten Companies to finance and develop this 39-unit senior living complex.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Planning Office for Urban Affairs (POUA): Boston-based Catholic social services affiliated nonprofit affordable housing developer and CICD's primary co-development partner on Cote Village, Cote Village Townhomes, River Street Village, and Morton Station Village. Directly comparable mission, geography, financing stack, and product mix (workforce and family affordable housing).
• The Community Builders: Large Boston-headquartered nonprofit affordable housing developer and operator with multi-state portfolio. Comparable mission, scale ambition, and use of LIHTC, mixed-income, and workforce housing models serving low-income urban communities.
• Madison Park Development Corporation: Boston-based CDC that develops and manages mixed-income housing in Roxbury and Greater Boston. Directly comparable as a community-rooted nonprofit affordable housing developer serving low-income families and communities of color in the same metro using LIHTC and city financing.
• Preservation of Affordable Housing (POAH): National nonprofit that preserves and develops affordable rental housing for low-income families and seniors. Comparable model using LIHTC, mission-driven nonprofit structure, and integrated resident services across multiple states.
• Beacon Communities: Boston-based affordable housing developer with extensive portfolio including mixed-income and senior housing. Directly comparable on geography (Northeast focus), product mix (rental + senior affordable), and reliance on LIHTC and public financing.

Others

• Boston Financial Investment Management: One of the largest LIHTC syndicators and investors in the U.S., routinely partnering with nonprofit developers like CICD on affordable housing equity. Comparable as a counterparty in CICD's LIHTC financing stack rather than as a direct operator.

Broad incumbents

• Enterprise Community Partners: Major national nonprofit affordable housing developer, investor, and policy advocate. Comparable on mission and use of LIHTC financing, but operates at far greater scale across dozens of markets.
• WinnCompanies: Boston-based large multifamily developer and manager with significant affordable and mixed-income housing portfolio. Comparable on Northeast geography, affordable/market-rate mix, and senior housing product line.
• Local Initiatives Support Corporation (LISC): National CDFI and intermediary that finances community development, including affordable housing and small business lending. Comparable to CICD's Main Street Loan Fund on the financing side, and broader in scope as a national incumbent funding CDCs.

Regional players

• Massachusetts Housing Partnership: Massachusetts-focused public-purpose affordable housing organization that provides financing and technical assistance to developers including CICD. Comparable on geography and on serving similar CDC clients with state-subsidized capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cicdhousing
• Facebookfacebook.com/CaribbeanIntegrationCommunityDevelopmentInc
• LinkedInlinkedin.com/company/caribbean-integration-community-development
• Instagraminstagram.com/cicdofboston

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Caribbean Integration Community Development