My City Builders, Inc.

My City Builders, Inc. focuses on real estate transactions, specifically the acquisition, development, and sale or rental of low-income housing. The company's investment strategy is divided into three main areas. First, it acquires, refurbishes, and sells traditional foreclosures. Second, it purchases, develops, and rents properties in "Land Banks," which typically consist of over 100 homes or lots in a single location. Third, it acquires, refurbishes, or develops homes available through HECM (Home Equity Conversion Mortgage) pools. The company acquired RAC Real Estate Acquisition Corp. ("RAC"), a Wyoming-based corporation and wholly owned subsidiary, in July 2022. On January 31, 2023, the company changed its corporate name to My City Builders, Inc. through a merger with its wholly owned subsidiary, My City Builders, Inc., a Nevada corporation. This name change was the only amendment to the company's articles of incorporation and did not require stockholder approval under Nevada Revised Statutes (NRS) 92A.180. FINRA completed its review of the corporate name change on April 26, 2023, and the corporate action, including the new trading symbol MYCB, took effect at the open of business on April 27, 2023. On March 27, 2023, RAC entered into a Limited Liability Company Agreement with Frank Gillen and Michael Colvard to build 3-bedroom 2-bathroom single-family low-income homes in Gadsden, Alabama. On May 05, 2023, Mr. Colvard's construction agreement with RAC was terminated.