Karen Rebaza Named New Deputy Director of Boston Home Center

The East Boston resident will guide homebuyer and residence repair service programs in the Metropolis of Boston.

Mayor Michelle Wu and the Office environment of Housing announced that Karen Rebaza has been appointed Deputy Director for the Boston Residence Centre. Ms. Rebaza is an expert and highly regarded local community banking leader in Greater Boston. Most not too long ago, she served as a Vice President, Residential Group Enhancement Officer at Rockland Believe in, the place she specialized in performing with very first-time residence buyers. Prior to operating at Rockland Rely on, she served as the Assistant Director of the Boston Property Center, aiding to launch the discounted 1+Boston property finance loan product.

“We are delighted to welcome Karen Rebaza again to the Business office of Housing to direct the Boston Home Center’s initiatives in its perform to increase homeownership among Boston citizens and to guide those that are by now house owners,” explained Sheila Dillon, Director, Mayor’s Place of work of Housing. “Homeownership delivers a path to generational wealth and housing stability and is critical to equitable advancement in Boston. Karen has been a winner of this essential get the job done all through her job, and I appear ahead to functioning with her to create new alternatives.”

Ms. Rebaza’s new role at the Boston Household Centre merges her enthusiasm for community creating with her qualifications in the household house loan discipline. As Vice President for Residential and Neighborhood Advancement for Rockland Have confidence in, she was liable for escalating Rockland Trust’s initially-time household consumer attempts by supplying academic workshops, doing work with neighborhood housing corporations, and discovering possibilities to extend its household home finance loan item and plan offerings. 

In her former encounter with the Business office of Housing, she served as the Assistant Director for Homebuyer Companies, during which time she assisted launch the One particular+Boston mortgage loan merchandise, managed the Community Households Initiative, which utilizes Town-owned land to build economical homeownership prospects for Boston inhabitants, and directed the Household Center’s foreclosure help and financial aid applications. Prior to this role, Ms. Rebaza worked at Rockland Believe in as a Vice President and Citizens Bank as a Senior Financial loan officer. During her extensive occupation in the household house loan subject, she specialised in CRA neighborhood lending, concentrating on the to start with time home purchaser systems in an work to improve household ownership amongst Black, Indigenous and Individuals of Shade in Massachusetts. For the reason that of her passion and commitment to the group and efforts to narrow the property ownership hole, she has acquired numerous awards in the course of her job recognizing her perform in the house loan area as properly as her devotion to the local community.

She has also served as a member of the Citizens’ Housing and Preparing Affiliation (CHAPA) Collection Committee, and the Advisory Board at the Better Boston Chamber of Commerce.

In her new position, Ms. Rebaza will oversee the Welcome Property, Boston initiative and the administration and operations of the Boston Dwelling Heart.

The Welcome Residence, Boston initiative will benefit from $60 million of American Rescue Prepare Act (ARPA) funding for the improvement of profits-restricted homeownership prospects on 150 parcels of City-owned land to be made readily available for qualified Boston citizens. The funding will also improve money assistance applications to help residents in shopping for homes by providing grants that will provide reduce home finance loan fascination charges and up to $50,000 in direct guidance, together with down payment and closing value help, to profits-eligible initial-time homebuyers. Funding will also be applied to launch a homeownership software for certified Boston Housing Authority people

“I am really fired up to return to city govt to be of support to the folks of Boston,”  said Deputy Director for the Boston Property Heart, Karen Rebaza. “I look forward to operating with the Wu Administration, Chief Dillon, and the staff of the Mayor’s Workplace of Housing to boost the prospects for homeownership and assist householders in the Metropolis of Boston. I appear forward to serving to Mayor Wu reach her historic housing ambitions for our city.”

The Business of Housing’s Boston Home Middle is billed with producing applications to aid Boston homebuyers get a house in Boston, and aiding current owners with residence maintenance concerns. These plans contain to start with-time homebuyer training down payment and closing price help to first-time homebuyers guide paint abatement for housing models in Boston and property maintenance programs for qualified citizens and older Bostonians. The Boston Residence Heart also oversees Town systems that help homeowners with steering clear of foreclosures and will work to enhance the City’s associations with financial institutions, home finance loan providers, and nonprofits to promote Metropolis plans and coordinate homeownership prospects.

In this situation, Karen will oversee a workers of 29 workers and manage an once-a-year divisional spending budget of $16.9 million.

Karen Rebaza life in East Boston with her household and is deeply involved in advocating for the Boston community. She currently serves on the board of advisors for the East Boston YMCA, the advisory board for MAHA’s STASH Application, and board of advisors of Latina Heart Maria.

About the Mayor’s Business office of Housing (MOH)

The Mayor’s Place of work of Housing is liable for housing people dealing with homelessness, building and preserving affordable housing, and guaranteeing that renters and home owners can obtain, sustain, and stay in safe and sound, steady housing. The department develops and implements the Metropolis of Boston’s housing development and homelessness prevention options and collaborates with nearby and countrywide partners to discover new options and make extra housing economical to all, particularly those with reduced incomes. For a lot more facts, please pay a visit to the MOH web page.