- Business
- My City Builders, Inc. (MYCB) operates in the real estate sector, focusing on the acquisition, development, leasing, and sale of affordable housing properties targeting low-income individuals and families across the United States. Through its subsidiary RAC Real Estate Acquisition Corp, the company engages in three primary investment areas: acquiring, refurbishing, and selling traditional foreclosures; purchasing, developing, and renting properties from land banks comprising over 100 homes or lots in a single location; and acquiring, refurbishing, or developing homes from Home Equity Conversion Mortgage (HECM) pools. It recently expanded into home construction in Alabama via a land bank project, building single-family residences averaging 1,300 to 1,500 square feet for rental occupancy, with a portion designated for Section 8 housing, structured through special purpose vehicles managed by the company. Founded in 2022 and headquartered at 100 Biscayne Blvd., Suite 1611, Miami, Florida, My City Builders, Inc. formerly operated as iMine Corporation and rebranded in April 2023 to reflect its strategic shift to real estate development. The company collaborates with local entities to revitalize neighborhoods, promote economic diversity, and address the national shortage of single-family homes, supported by executives experienced in engineering, construction, finance, operations, and marketing.