3363419 - 'No configuration entries were found matching the filter specified in resource' error received during WEB IDE activation

During WEB IDE activation, it is not possible to deploy spaces. It remains in "Not Enabled" status and the below error is received once trying to enable the space. 

 No deployed MTA detected - this is initial deployment
 Detected new MTA version: "4.5.23"
 Error resolving merged descriptor properties and parameters: No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack"
 Unexpected error: No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack"
 Exception occured during execution: "No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack""
Error resolving merged descriptor properties and parameters: No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack"
Unexpected error: No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack"
Exception occured during execution: "No configuration entries were found matching the filter specified in resource "di-core-genbuilder-buildpack""
Use "xs deploy -i 17678 -a retry" to retry the process
Use "xs deploy -i 17678 -a abort" to abort the process
Could not deploy the builder. Cause: Could not deploy the builder MTA..
Could not deploy the builder MTA.
The builder deployment has finished with status: FAILED in space DEV.

WEB IDE, XSA, re-install, install, version, deploy, space , KBA , HAN-WDE-DBX , Database Explorer in Web IDE for SAP HANA , BC-CP-CF-DS , Cloud Foundry MTA Deployment Service , BC-XS-ADM , Admin Tools , BC-XS-RT , XS Advanced Runtime / XS Controller , Problem