Bart Mitchell named president and CEO.
TCB receives $78.6 million in funding from the US Office of Housing and Urban Development (HUD) as part of the Neighborhood Stabilization Program (NSP2). TCB plans to quickly identify multifamily projects that meet the NSP2 funding criteria and work with local and state officials to secure preliminary financing commitments and aggressively redevelop the targeted multifamily properties.
Morgan Woods, an affordable family rental community on the island of Martha's Vineyard, is awarded the Urban Land Institute (ULI) J. Ronald Terwilliger Workforce Housing Models of Excellence Award. TCB completes Fairlawn Marshall Apartments, its first development in Washington, DC. Fairlawn Marshall is a mixed-income redevelopment of eight scattered, three-story walk-up apartment buildings located in the Fairlawn and Marshall Heights neighborhoods in Southeast Washington, DC.
The first phase of the Oakwood Shores HOPE VI development in Chicago's Near South Side is completed. The project brings newly constructed mixed-income rental units to a neighborhood that historically has had significant amounts of public housing.
TCB's Northeast Development office and newly-formed Preservation department renew Plumley Village's Section 8 contract for another 20 years and complete a $33 million refinancing that allows for significant capital improvements.
TCB begins the redevelopment of three distressed high-rises in Pittsburgh's East Liberty neighborhood. City funding, combined with creative restructuring of federal project-based subsidies, drives the revitalization on a scale comparable to a HOPE VI.
TCB, developer of the Lincoln Court HOPE VI project in Cincinnati, is selected to replace the developer of the Laurel Homes HOPE VI project across the street. The combined site, named City West, involves over 900 units of residential and commercial development in 10 phases.
The American Institute of Architects (AIA) awards its Urban Design Honor Award to Park DuValle in Louisville, our first HOPE VI project. TCB is also selected to participate in two high-profile HOPE VI developments: East Downtown Revitalization in Durham and Broad Creek Renaissance in Norfolk, Virginia.
University of Pennsylvania selects TCB as an advisor on a university-driven neighborhood revitalization in West Philadelphia. TCB's revitalization strategy includes a business improvement district, retooling of faculty/staff home purchase incentives, and creation of a university-assisted public school.
TCB adopts a new strategic plan that focuses on direct development activity, concentrating on large public and assisted housing projects, comprehensive neighborhood revitalization (CNR), and long-term ownership and management of properties developed and acquired.
After helping the Boston Housing Authority receive the Orchard Gardens HOPE VI award, TCB assists in securing HOPE VI grants for public housing and neighborhood revitalizations in Louisville, Pittsburgh and Holyoke, Massachusetts.
Tent City Corporation partners with TCB to complete Tent City, a landmark 269-unit mixed-income apartment complex in Boston. TCB buys Plumley Village, a 430-unit family complex in Worcester, Massachusetts, and institutes a broad range of human services. Greater Boston Community Development (GBCD) reorganizes as The Community Builders, Inc. (TCB).
GBCD completes its second homeownership development in 1986, 18 row houses for low and moderate-income families in Boston's Back of the Hill neighborhood.
Boston Housing Partnership (BHP) established with GBCD assistance. BHP organizes the redevelopment of approximately 1,600 dilapidated inner-city apartments.
GBCD assists with the conversion of a troubled public housing project in Lynn, Massachusetts into King's Lynne Apartments, a new mixed-income development complex.
GBCD pioneers use of tax-benefit syndication to finance affordable housing controlled by non-profits and assists local CDC with development of the 680-unit, $28 million Villa Victoria community in Boston's South End.
South End Community Development (SECD) reorganizes as GBCD and expands its work throughout metropolitan Boston.
South End Community Development (SECD) established on June 4, 1964. Renovates 50 abandoned apartments in Boston's South End as part of a HUD-funded demonstration project.