We help clients with affordable housing and community development projects to finance, evaluate, plan, develop, manage and implement their projects and programs. We focus on efforts that combine private-sector capital with public funding sources in order to improve communities.
The preservation of affordable multifamily housing is our specialty. With exceptional expertise in the financing, redevelopment and preservation of affordable multifamily rental housing, IBF can assemble the resources needed to transform old, tired or poorly-maintained apartments into safe, renovated affordable housing.
Founded in 2006, IBF Development is a Washington, DC based Certified Business Enterprise (CBE) led by its President Rob Richardson. The company’s work is primarily focused in the Washington, DC metropolitan area. Working with IBF can help you meet your local hiring goals when working on projects that use District of Columbia funds or programs.
Over the past 18 years, IBF Development and it’s president have played an integral part in:
$80 MILLION WORTH OF HOUSING AND COMMUNITY DEVELOPMENT PROJECTS within the District of Columbia, and
$150 MILLION OF PROJECTS NATIONWIDE
2300 AFFORDABLE APARTMENTS purchased, renovated or preserved
The Washington, DC development projects alone:
improved nearly 600,000 square feet of retail, housing and office space, and
preserved over 350 units of affordable multifamily housing.
IBF is a 100% minority-owned company, and is a member of:
Coalition for Nonprofit Housing and Economic Development (CNHED)
Housing Association of Nonprofit Developers (HAND)
Maryland Affordable Housing Coalition