Enrique Nodarse Alonso has served for 15 years as President of Blanco Enterprises, Inc. (BEI) and six affiliated companies, developing and managing projects with mixed funding sources, including Low Income Housing Tax Credit (LIHTC) program, HUD Section 8, USDA’s Rural Development 515 and the HOME program. Founded in 1969, BEI is a pioneer of affordable housing in Puerto Rico by partnering with federal programs for more than 50 years.
In 2019, Nodarse founded PR7 OZ Fund, an Opportunity Zone capital fund designated for investments in the revitalization of distressed areas. In 2020, the PR7 OZ Fund began the 2.4 million-dollar restoration of a 1929 building in the heart of Santurce, Puerto Rico.
In 2020, the PR7 OZ Fund began the 2.4 million-dollar restoration of a 1929 building in the heart of Santurce, Puerto Rico.
In 2016, Nodarse founded Quanta Urban Developers and was awarded $14 million in LIHTC for the acquisition and rehabilitation of a 127-unit building in Caguas, Puerto Rico, a project that was completed and fully reoccupied in 12 months.
In the wake of Hurricane María in 2017, Quanta refocused its resources on resilient social housing that minimizes risks from natural occurrences. Quanta is rehabilitating and expanding a +250-unit apartment building in Bayamón, Puerto Rico. The design of Casa Linda incorporates the installation of PV solar energy, rain collection, vegetable gardens, outdoor and indoor gyms, among other amenities.
A lifetime naturalist, mountain biker, and photographer, Nodarse has biked thousands of miles across the Peruvian Andes, the Azores Islands of Portugal, the Canadian Rockies, the Italian and Swiss Alps, and the Himalayas, Nepal. The resilient communities in these remote international locations Nodarse has chronicled with photographs have left a lasting influence in him.