The American Institute of Architects has launched its Stalled Projects Database, where industry leaders can connect with investors and re-start projects nationwide that make solid economic sense but which lack the financing needed to be finished. Stalled Projects is an initiative of the AIA and is designed to help architects and their clients find a solution to the primary issue plaguing the design and construction industry – access to credit.
The site is intended be a tool to help bring the two sides together. The AIA announced its commitment to building this database earlier this year as a participating member at CGI America, the first conference of the Clinton Global Initiative solely dedicated to economic issues impacting the United States.
Industry leaders can fill out a form and post information about their project. More than one project can be submitted. Industry leaders can also read about investors and find and make contacts.
Investors can fill out a similar form that provides the basic details about their company and the kind of projects in which they are interested in investing. Investors are welcome to remain anonymous if they wish, though they must complete the form in order to peruse stalled projects listed in the database.
The AIA makes no assurance as to the accuracy or legitimacy of any of the information entered by either investors/lenders or project owners. That is up to both sides to evaluate. Neither does the AIA rank the projects listed as to viability or any other criteria. We are simply acting as a forum for investors and architects/project owners/developers to meet and exchange information.
The AIA commitment comes as the design and construction industry is plagued by a continuing dearth of credit for otherwise credit-worthy projects. Almost two-thirds of architects responding to a recent AIA survey reported at least one project that is stalled due to lack of financing, despite record low interest rates.
Register as an Investor
Tell project leaders about your firm and the types of projects you’re interested in.
Register Your Projects
Tell investors what your project is all about and why it’s a good investment.
View All Projects
Sign in and take a look at the registered projects and then make contacts.
See the List of Investors
Sign in and look over investor profiles. Decide which firms might be a fit for your project.
Purpose of the Database
Understand how the database is intended to work.