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
NYCHDC

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.

Blog

All blog posts
Blog
Report summary
February 7, 2024

Small Multifamily Property Management and Ownership: Trends and Insights

Summary of a Terner Center Report (January, 2024)
Small multifamily properties are an important source of unsubsidized affordable housing. This blog summarizes key findings from the Terner Center Report that studied various characteristics of small multifamily rental stock.
Blog
Innovation & tech
December 6, 2023

Integrations with 3rd party softwares & incorporating AI for CRE loan closings

Effective flow of data in and out of your current systems & how to include AI solutions
How to minimize your software suite and make the best out of the systems essential to your organization. Builders Patch is the central repository for all your deal data and workflows, which you can plug into other systems facilitating seamless data transfer with all your other systems.
Blog
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.

HousingCount

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
21
states with severe shortage
75%
of households rent-burdened
4.5M
total shortage of affordable units

HousingCount

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
21
states with severe shortage
75%
of households rent-burdened
4.5M
total shortage of affordable units
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