Projects

The projects in which Building America has invested will generate more than 816,000 square feet of commercial development, 505 apartments, a community center, a computing facility, three community healthcare complexes, and two cancer treatment and research institutes. These 11 projects will create approximately 3,400 union construction jobs, and over 1,600 permanent jobs in low-income communities. The projects have an estimated total development value of over $592 million.

Building America has allocated all of its $35 million 2010 allocation and $50 million 2011 allocation to these 11 projects. The projects have a total of $309 million of New Markets Tax Credits allocated to them by Building America and other CDEs. In selecting these projects, Building America reviewed more than 50 potential NMTC investments nationwide. A substantial pipeline of prospective projects is under review for future investment.

Projects Funded To Date

Project Location
Commercial
Development
(Sq.Ft.)
Housing
Units
Union
Construction
Jobs
Permanent
Jobs
Building
America
Allocation
TDC
225 Centre Street
Boston,
MA
16,000
103
 261  20  $5,500,000  $53,200,000
Caring Health Center
Springfield,
MA
45,000   -
 130  125  $9,000,000  $21,600,000
Cooper Cancer Institute
Camden,
NJ
103,000   -
 412  52  $7,000,000  $58,800,000
Dudley Municipal Center
Boston,
MA
215,000   -
 600  500  $7,500,000  $115,900,000
Halsey Street Teachers Village Project A
Workforce Housing
Newark,
NJ
28,000
 123  316  161  $10,000,000  $64,200,000
Halsey Street Teachers Village Project B
Workforce Housing
Newark,
NJ
10,000
 81  97  112  $7,700,000  $20,500,000
Massachusetts Green High Performance Computing Center
Holyoke,
MA
 90,300   -
 553  13  $5,600,000  $79,100,000
Paseo Verde
Philadelphia, PA
 30,000  120  303  81  $5,000,000  $48,200,000
Roswell Park Cancer Institute Clinical Science Center
Buffalo, NY
 142,000  -  211  340  $9,200,000  $46,400,000
St. Peter's University
MacMahon Student Center

Jersey City,
NJ
 87,000   -
 308  80  $10,000,000  $49,100,000
Stout Street Health Center & Renaissance Lofts Denver,
CO
 50,000 78 210 170 $8,500,000 $35,300,000
   Total 816,300
505 
3,401
1,654
$85,000,000
$592,300,300