Leadership
Rob Richardson
President, IBF Development
- $500 million in real estate financing closed
- Over 30 years experience in affordable housing and community development
- master’s degree from harvard university
- expertise in financing real estate
Rob Richardson is the President of IBF Development, a minority-owned affordable rental housing development company located in Washington, DC which he founded 17 years ago. With over 3 decades of experience in housing, real estate and economic development, Rob has developed, renovated, or financed over 3,500 units of multifamily housing in Washington, DC, Virginia, Illinois, Missouri, South Carolina, Florida and Texas with total development costs of over $500 million.
Most recentlyIBF Development is the co-developer of a recently completed 71-unit, 9-story new construction LEED-Gold housing project serving residents from 30% to 80% of the area median income (AMI) near downtown in Washington, DC, and is also currently renovating 202 scattered site units east of the river in Washington, DC.
He began his career financing a new 100,000 square foot grocery store-anchored shopping center in southeast DC on the site of a vacant and deteriorated retail store while working for a local community development corporation. He later became a senior member of the multifamily housing redevelopment team at the National Housing Trust (NHT), a highly acclaimed, award-winning national organization dedicated to the preservation of affordable multifamily housing.
His expertise with multifamily rental housing development, low-income housing tax credits (LIHTC) and tax-exempt bond financing was strengthened over the years with the support of specialized training from the Urban Land Institute (ULI), Development Training Institute (DTI), Novogradac Tax Credit Developer Training among others. In addition, he is a graduate of the Real Estate Apprenticeship Program (REAP) and Capital Impact Partners’ Equitable Development Initiative (EDI). Rob was nominated and selected to participate in the highly competitive Growing Diverse Housing Developers (GDHD) program, a nationwide initiative sponsored by Wells Fargo and being implemented through Momentus Capital, the Low Income Investment Fund (LIIF), the Reinvestment Fund, and the Raza Development Fund. Most recently, he was accepted into Amazon’s Housing Equity Accelerator Fellowship (HEAF).
Rob graduated from Harvard University’s John F. Kennedy School of Government with a master’s degree in public policy (MPP) with a concentration in Urban Economic Development and Finance, and he has a B.A. in Political Science from Rutgers University where he graduated magna cum laude.
