The East Boston resident will guide homebuyer and property mend systems in the Metropolis of Boston.
Mayor Michelle Wu and the Office of Housing introduced that Karen Rebaza has been appointed Deputy Director for the Boston Home Centre. Ms. Rebaza is an expert and revered community banking leader in Larger Boston. Most just lately, she served as a Vice President, Residential Community Enhancement Officer at Rockland Belief, in which she specialised in working with to start with-time house prospective buyers. Prior to doing work at Rockland Have faith in, she served as the Assistant Director of the Boston Property Center, helping to launch the discounted 1+Boston property finance loan products.
“We are delighted to welcome Karen Rebaza back to the Business of Housing to lead the Boston Property Center’s efforts in its do the job to maximize homeownership between Boston inhabitants and to support those that are now house owners,” explained Sheila Dillon, Director, Mayor’s Office of Housing. “Homeownership delivers a route to generational prosperity and housing steadiness and is key to equitable progress in Boston. Karen has been a champion of this important work all over her job, and I search ahead to operating with her to build new chances.”
Ms. Rebaza’s new job at the Boston Dwelling Centre merges her enthusiasm for community constructing with her background in the household home loan industry. As Vice President for Residential and Community Growth for Rockland Belief, she was dependable for growing Rockland Trust’s first-time household consumer initiatives by giving academic workshops, functioning with neighborhood housing corporations, and checking out opportunities to expand its residential home loan product or service and system choices.
In her previous experience with the Office of Housing, she served as the Assistant Director for Homebuyer Providers, in the course of which time she helped start the A person+Boston home finance loan item, managed the Neighborhood Residences Initiative, which takes advantage of City-owned land to make affordable homeownership opportunities for Boston inhabitants, and directed the Household Center’s foreclosures support and monetary help systems. Prior to this function, Ms. Rebaza worked at Rockland Have confidence in as a Vice President and Citizens Lender as a Senior Mortgage officer. Through her substantial profession in the residential house loan discipline, she specialised in CRA local community lending, concentrating on the to start with time home buyer systems in an hard work to raise property ownership amid Black, Indigenous and Persons of Color in Massachusetts. Because of her passion and commitment to the neighborhood and endeavours to slim the house ownership hole, she has received a number of awards throughout her job recognizing her perform in the home finance loan area as nicely as her perseverance to the group.
She has also served as a member of the Citizens’ Housing and Planning Affiliation (CHAPA) Assortment Committee, and the Advisory Board at the Better Boston Chamber of Commerce.
In her new situation, Ms. Rebaza will oversee the Welcome Household, Boston initiative and the management and functions of the Boston Dwelling Center.
The Welcome Dwelling, Boston initiative will employ $60 million of American Rescue Program Act (ARPA) funding for the improvement of profits-restricted homeownership opportunities on 150 parcels of Metropolis-owned land to be built out there for eligible Boston inhabitants. The funding will also boost economical help systems to help people in acquiring houses by giving grants that will deliver decreased home finance loan interest rates and up to $50,000 in immediate guidance, which includes down payment and closing price assistance, to profits-qualified initial-time homebuyers. Funding will also be made use of to start a homeownership system for experienced Boston Housing Authority residents
“I am really thrilled to return to metropolis governing administration to be of services to the individuals of Boston,” explained Deputy Director for the Boston House Centre, Karen Rebaza. “I glimpse forward to functioning with the Wu Administration, Main Dillon, and the team of the Mayor’s Business office of Housing to maximize the prospects for homeownership and aid house owners in the Town of Boston. I glance ahead to aiding Mayor Wu obtain her historic housing aims for our city.”
The Office of Housing’s Boston Residence Heart is charged with producing courses to assist Boston homebuyers get a dwelling in Boston, and helping current homeowners with residence routine maintenance challenges. These courses contain first-time homebuyer schooling down payment and closing expense aid to very first-time homebuyers guide paint abatement for housing units in Boston and residence restore courses for qualified citizens and older Bostonians. The Boston Home Heart also oversees Town systems that support owners with avoiding foreclosure and operates to boost the City’s relationships with financial institutions, house loan businesses, and nonprofits to endorse City systems and coordinate homeownership chances.
In this placement, Karen will oversee a personnel of 29 staff and take care of an once-a-year divisional budget of $16.9 million.
Karen Rebaza life in East Boston with her household and is deeply included in advocating for the Boston neighborhood. She now serves on the board of advisors for the East Boston YMCA, the advisory board for MAHA’s STASH Method, and board of advisors of Latina Centre Maria.
About the Mayor’s Business office of Housing (MOH)
The Mayor’s Workplace of Housing is liable for housing folks enduring homelessness, building and preserving inexpensive housing, and making certain that renters and home owners can obtain, manage, and continue to be in secure, stable housing. The office develops and implements the Metropolis of Boston’s housing creation and homelessness avoidance programs and collaborates with regional and nationwide associates to locate new alternatives and make far more housing cost-effective to all, notably those with decrease incomes. For additional information, please take a look at the MOH site.