IBAVI is a public body attached to the Mobility and Housing Ministry of the Government of the Balearic Islands, whose objective is the creation and maintenance of a real estate park of public social housing for the citizens of this community since 1986. The current housing park consists of more than 1.800 protected homes on a rental basis. At the moment, there are more than 900 new dwellings under construction to face housing emergency and climate emergency. Previously, the IBAVI promoted and developed the LIFE Reusing Posidonia Project, funded by the European programme LIFE+ for Nature Conservation & Climate Change Adaptation Projects. It has been awarded with the 2021 LIFE Award for Best Environment Project by the European Commission, among many others.

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