As we discussed in January, 2017 is and has so far proven to be a critical year for affordable housing. The decisions made by President Trump and his administration will have a significant impact on the housing market with important resources at risk, such as the Low-Income Housing Tax Credit (LIHTC) program. On the municipal level, M...
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Founded by a group of Puerto Rican activists in 1968, IBA grew from efforts to fight displacement amidst gentrification in the South End. Through widespread civic engagement, we won the right to keep our neighborhood and build our homes, and have been able to uphold our vibrant culture in the community. With our history steeped in advocating for low-income families, we believe that activism is a c...
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This fall, more than 60 percent of Boston residents voted in favor of the Community Preservation Act (CPA), a one percent property tax that will raise nearly $20 million in revenue annually. Since then, we’ve been following how future funds will be allocated. With many Greater Bos...
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At IBA, we continue to watch the changes the Donald Trump administration and Congress will have on affordable housing. One topic we are watching closely is tax reform and its possible effect on the Low-Income Housing Tax Credit (LIHTC) program. Created 30 years ago, the LIHTC is a federal program that issues tax credits to state housing agencies. In Massachusetts, the Department of Housing and Co...
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Since Mayor Martin J. Walsh rolled out his Imagine Boston 2030 initiative in 2015, which vows to develop 53,000 new units of housing by 2030, we have been closely following the promises he’s made and progress that has occurred. Today, affordable housing is more critical than ever, as seen by ...
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Diversity is a critical topic in today’s local real estate industry, and a recent Banker & Tradesman series examines attempts made to improve opportunities for women and minorities. It notes two recent studies highlighting both the progress among women in the industry, while also the wage gap that pers...
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Last year was critical for affordable housing in Boston, and 2017 may be even more important. With new leadership in Washington, D.C., new initiatives from Mayor Martin J. Walsh, and the enactment of the Community Preservation Act, Boston’s affordable housing landscape will continue to evolve. Here’s what we’re keeping an eye on in the year ahead. First, we anticipate continued progress by Mayor ...
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“The holidays are about bringing our community together,” said CEO Vanessa Calderón-Rosado during our annual Three Kings Celebration last Thursday. As many know, Latino culture encourages community celebration, and the holidays are the perfect excuse to do just that. In fact, in some Latin American countries, like Puerto Rico, the excitement of the Holidays lasts nearly two months and the largest,...
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It was a wonderful year for IBA. We moved forward with key projects, the City of Boston made significant strides in preserving and expanding affordable housing, and CEO Vanessa Calderón-Rosado was recognized for her work in the sector. IBA has played a powerful role in the real estate community, and we’re taking a look back at some of this year’s key highlights: IBA’s Developments:...
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In our constant efforts to improve the lives of our community, we unveiled the new & improved Residencia Betances with a ribbon cutting ceremony at the property last Wednesday. The ceremony marked more than just the completion of renovations to the building, it celebrated the improvements that will help us provide even better care to our 11 residents, who were previously homeless and suffer fr...
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Recently, our CEO Vanessa Calderón-Rosado was a panelist at Bisnow Boston’s Affordable Housing Conference. Vanessa and fellow panelists Karen LaFrazia, St. Francis House Executive Director, Paul Donahue, RED Capital Managing Director, and moderator Jeff Sacks, Partner at Nixon Peabody, discussed the state of the affordable ...
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As part of his Imagine Boston 2030 initiative, Mayor Martin J. Walsh recently released a recommended reading list designed to, according to the press release, offer “residents the opportunity to learn more about the background on some of t...
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[caption id="attachment_4366" align="alignright" width="300"] Dr. Vanessa Calderón-Rosado[/caption] This past Friday, IBA CEO Vanessa Calderón-Rosado was honored as one of ...
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A statement from our CEO: [caption id="attachment_4366" align="alignright" width="300"] Vanessa Calderó...
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It’s been a busy 2016 so far for IBA. In addition to launching the West Newton/Rutland Streets revitalization project, we are thrilled to announce that we have officially closed financing on another renovation project, this time at Residencia Betances. Residencia Betances has been a part of the IBA family for more than 20 years, and is an incredible ...
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