Our mission

We are committed to speed up the creation of affordable housing through faster financing.
We want to see communities thrive which involves access to housing that's dignified and affordable for all. To create housing faster, we first need to speed up the flow of funding.

Our story

It all started with experiencing the difficulties in housing finance first-hand 
Builders Patch was founded by Kanan Ajmera who spent nearly two decades in affordable housing finance. Frustrated with the unnecessarily complex and lengthy processes that made it painful for both lenders and developers to finance a housing project, she decided to create a modern system that would do away with the manual repetitive tasks involved in due diligence collection, and provide transparency on how deals get funded & clarity on what steps are to be taken to close successfully.

She was joined in her mission by Uma Pandit, who brought her years of product development experience to create an intuitive, easy-to-adopt platform that anyone can use with even the most minimal tech understanding. Together, they created a powerful solution that can be deployed in days to build capacity and scale at an enterprise level.

The challenge In HOUSING

There is an affordability crisis. We need to build more housing... and fast.

We must build, renovate, and climate-proof over 7.3 million affordable rental units in the next decade to address the acute shortage in the US housing market. The first step is to speed up the flow of funding.

Challenges in housing finance

High demand, low supply, slow supply
America has a housing crisis. We need to build, renovate, and climate-proof over 7.3 million affordable rental units in the next decade to address the acute shortage in the US housing market. 

Supply is lagging behind demand, but even projects that are under construction often take years to complete due to delays in the funding process.
The first step to accelerate the process of affordable housing development is to speed up the flow of funding. With our streamlined workflows, a project that took 3 to 6 months to get underwriting approval, now can be funded in just 30 days, drastically shrinking the financing timeline.
Complex processes, multiple players, disjointed systems
Multiple sources of funding need to be pooled together to finance a new development project. The process of applying for funding on the borrower's side, underwriting and disbursing funding on the lender's side is a lengthy, cumbersome process. For an industry this large and important, workflows can often be labour-intensive and dependent on legacy tools that haven't upgraded in years. We are changing this.
We are bringing all stakeholders of a deal onto a single platform, streamlining the way they work and empowering strategic decision-making with data-driven analysis. Our mission is to reduce the time, cost and effort required to finance the development and preservation of affordable homes across the country.
Capacity building and resource optimization
We believe that smaller staff sizes and limited resources shouldn’t be a hindrance of growth. Our platform helps small teams build the capacity they need and to disburse capital in their communities. 

By removing the need to do hours of manual data entry through a digital interface that a new recruit can quickly adapt to, we are removing several hurdles to scaling. It doesn’t matter whether your team consists of 5 or 50 people, our technology infrastructure will help you process loan applications & disburse funds at scale. 

Climate resiliency

Speeding up & scaling the disbursement of climate resiliency & weatherization funds
Simply building new housing is not enough. We need to ensure new and existing units are energy-efficient and collectively contribute to decarbonization and weatherization efforts. The funds are there, now we just need climate financing to be agile.

We are helping lenders disburse large amounts of capital to borrowers, who will apply these funds for energy retrofits, renovation, and decarbonization efforts. Together, we can tackle housing affordability and the climate crisis.

Get in touch

Contact our sales team with any questions you may have, or ask to schedule a quick product demo!

Case studies

All case studies
Case study
Neighborhood Concepts Inc

Scaling NCI's small business lending & affordable housing finance operations

NCI needed a new technology infrastructure to scale fast, streamline their internal processes, store and pass on their knowledge to new staff, and organize their asset management operations.
Case study

Modernizing NYCHDC’s affordable housing development pipeline

HDC sought a streamlined workflow for their affordable housing development and financing workflow. With Builders Patch, HDC is excited to expand this digitization across their business units.


All blog posts
Innovation & tech
October 15, 2023

Role of Proptech in today's Commercial Real Estate Market (CRE)

From redefining how tenant satisfaction is measured to revolutionizing market data analysis and the very way buildings are constructed and managed, technology is the linchpin of this transformation. Take a look at the major trends and forecasts in this disruptive era of CRE tech.
Report summary
August 10, 2023

State of the Nation's Housing 2023: Are homeowners ‘quiet quitting’ the U.S. housing market?

Summary of the JCHS report
Key takeaways on the US Housing Market from the Harvard Joint Center for Housing Studies' annual report on housing (2023)
Innovation & tech
May 22, 2023

Student team from Carnegie Mellon brings fresh ideas to housing with Builders Patch

Collaboration project with the Integrated Innovation Institute at CMU
We asked a group of MA students with diverse academic background to find solutions to addressing the supply-demand gap in housing and pinpoint and guide HFAs and developers on where housing should be built.


Decoding the housing crisis

A public data project to track and analyze the rental housing shortage across the country, highlighting where additional units are needed most.

Shortage statistics for households earning Under 50% AMI
states with severe shortage
of households rent-burdened
total shortage of affordable units
Strict standards. Bank-grade security.
Your data stays safe with us at all times.