IBF Development

https://www.alxnow.com/2026/04/30/city-council-backs-20m-revenue-bond-funding-for-ladrey-redevelopment-in-old-town-north/

City Council backs $20M revenue bond funding for Ladrey redevelopment in Old Town North | ALXnow On Tuesday (April 28), City Council adopted a resolution authorizing up to $20 million in revenue bonds by the Alexandria Redevelopment and Housing Authority for the redevelopment of The Ladrey Senior Hi-Rise in Old Town North. City Council was presented with ARHA's new plan to redevelop the 11-stor...

DMV affordable housing developers! Check this out! Applications due February 27th.

📅 The deadline is approaching.
Applications for the 2026 Housing Accelerator Fellowship close February 27.
Don’t miss your chance to access advanced training, connect with experienced advisors, and explore potential grant support for your housing work.

🔗 Apply now: https://bit.ly/4pXRPmL

https://www.bizjournals.com/washington/news/2023/06/12/alexandria-old-town-ladrey-arha.html?csrc=6398&taid=648892a1e20af4000111ffaa

Alexandria agency, private partners to redevelop Old Town North's Ladrey public housing tower - Washington Business Journal Alexandria's public housing agency has been busy preserving and even building net new affordable units for the city's lowest-income residents. Here's a look at its next big project in the chute.

https://www.reinvestment.com/insights/developers-of-color-from-around-the-u-s-convene-in-atlanta-for-elite-program-to-advance-racial-equity-in-the-vastly-underrepresented-housing-industry/

Developers of Color from Around the U.S. Convene in Atlanta for Elite Program to Advance Racial Equity in the Vastly Underrepresented Housing Industry — Reinvestment Capital Impact Partners, Low Income Investment Fund, Raza Development Fund and Reinvestment Fund, lead $40 million, four-year initiative funded by the Wells Fargo Foundation, to work with top U.S. housing development firms led by BIPOC owners, to create racially equitable, affordable, adequate housi...

We received a Housing Achievement Award for our Liberty Place project! Here is a video with our partner, NHT Communities, where we discuss the project with the Housing Association of Nonprofit Developers (HAND).

Best Small Affordable Housing Project | Liberty Place Apartments | 2022 Housing Achievement Award

Today we celebrated the Grand Opening of Liberty Place, 71 brand new affordable apartments in an impressive 9-story building near 4 metro stations and 2 grocery stores in the Mount Vernon Triangle neighborhood of Washington, DC!

DC DMPED Attends 'Liberty Place' Ribbon Cutting, 4/12/22 4/12/22»»» Subscribe to Mayor Bowser to watch more videos: http://bit.ly/2mmLN5bFor Press Releases and News in the District: Mayor.dc.govConnect with Mayor B...

IBF's President was recognized for his work as one of the black developers shaping the Mount Vernon Triangle!

February 24 Triangle Times: Black History Month Concludes with Celebration of MVT Builders, Trucker Convoy Update from DC Gov & HEMPHILL Exhibit News Masks will still be required in schools, child care facilities, libraries, medical facilities, DC government buildings, public transit, and congregate facilities.

https://www.bizjournals.com/washington/news/2021/03/26/dc-hptf-loans-2021-affordable-housing-units.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=wa&ana=e_wa_ae&j=23339887

Proud to announce that we have finally secured funding so that we can renovate 202 units of affordable housing east of the river in Washington, DC. I would like to personally thank the board of the Positive Change Tenants Association for their ongoing trust in our team and confidence that we would, with persistence, deliver on the promise to improve their living conditions.

D.C. hands out $66 million in loans to support nine affordable projects, totaling 1,100 units in all - Washington Business Journal D.C. is handing out $66 million in loans to support nine affordable housing projects. Here's a look at how the city hopes to see 1,100 units preserved or newly created with that cash.

A recent Washington Post article describes the unique success of the Mount Pleasant neighborhood in resisting the powerful forces of gentrification that have swept through the City.

For 6 years IBF Development worked as a consultant to NHT Communities and with the tenant association to rebuild what became the Monseñor Romero Apartments.

Every year we would gather with the displaced residents and their neighborhood supporters - Yasmin, Jose, Mayra, Miriam and so many others - in front of the burned down building to rededicate ourselves to the task of creating new, high-quality homes that would actually be affordable to all the residents who had been displaced.

We are proud that another 6 years after the resurrection of the apartments was completed it continues to serve as a key component in maintaining Mount Pleasant a a vibrant, mixed-income, racially and ethnically diverse community.

As written in the article:

"The biggest achievement was one of the neighborhood’s largest apartment buildings, the Deauville. The 85-unit building went up in flames in 2008, the city’s first five-alarm fire in nearly 30 years. After the flames were doused, the tenants sought to take control of the building, which allegedly had been mismanaged for years. Under Mayor Fenty, the city bought the building and turned it over to the residents. Again, the National Housing Trust supplied financing and legal help....the building was reopened under a new name, Monsenor Romero Apartments, in honor of Salvadoran archbishop Óscar Romero, a tribune of the poor whose assassination in 1980 marked the beginning of the Salvadoran civil war. All 63 apartments in the Romero are rented at below-market prices."

This D.C. neighborhood has quietly become a national model for resisting gentrification Mount Pleasant has maintained a degree of diversity and an attractive sense of community in a city that, swamped by gentrification, seems to be losing both.

It is great pleasure that we celebrated the Installation of Reverend Dr. Paris L. Smith, Sr yesterday as new the Pastor of the Mount Carmel Baptist Church. We have been working with the Mount Carmel Baptist Church for the past few years as we have been working to develop affordable housing in the neighborhood and looking forward to many more good things to come!