In June 2022, CDF provided $7.0 million in New Markets Tax Credit (NMTC) allocation to BUILD, Inc to fund the renovation of a 10,000 square foot existing facility and the construction of an additional 41,000 square foot building to comprise a 51,000 square foot campus located at 5100 W. Harrison Street in the Austin neighborhood. The project will house BUILD’s core gang prevention, violence prevention, and youth development programs, while also broadening its offerings to serve seniors and other neighborhood residents. Project elements include a youth lounge; game room; technology center; learning lab; a Mental Health Center; a STEAM Education Center; gym, track, and fitness facilities; a training kitchen and café; and outdoor spaces.
BUILD offers in-school, after-school, and out-of-school programs helping at-risk youth escape gangs and violence and promoting positive community involvement. The project is expected to operate from 6am to midnight daily, increasing BUILD’s capacity significantly, and providing support services to 2,000 youth annually. BUILD’s programming includes STEAM education, arts therapy, leadership development, and physical and mental wellness programming. BUILD’s Behavioral Health and Reducing Violence programs will provide particularly at-risk individuals with mental health care, substance abuse treatment, safe recreational programming, and support group meetings. Additionally, the campus will act as a major amenity for the community, with offerings including a community fitness center, farm-to-table café, community classes, and free, reliable internet connection. The project is anticipated to employ 165 full-time equivalent positions at full operation.
In coordination with CDF’s financing, LISC, IFF, and Chase New Markets Corporation provided a total of $15.075 million in NMTC allocation. NMTC equity was provided by JPMorgan Chase.