A nonprofit organization for low-income housing programs will redevelop its office building on San Juan Street into affordable housing units in the coming years, after receiving $1 million for the project from the Healey administration’s recent housing bill.

Inquilinos Boricuas en Acción, (IBA), provides housing and education programs for low-income families in the South End and rents out 667 affordable units, including the Villa Victoria developments.

Its current administrative offices at 2 San Juan Street, at the intersection with Shawmut Ave., will be converted to 44 rent-stabilized units starting at the end of next year.

The redevelopment is one of two IBA projects granted funding by the Affordable Homes Act, a new state housing bill signed into law on August 6. The bill states that, “$1,000,000 shall be expended as a grant to Inquilinos Boricuas en Acción, Inc., for redevelopment of 2 San Juan Street in the City of Bos[t]on for the conversion from office space to 44 units of affordable housing.”

The state also granted IBA another $1 million to redevelop its former administrative offices at 403 Shawmut Avenue, about one block away from the San Juan Street building. “The 403 Shawmut Avenue project is currently under development,” IBA wrote in a Facebook post.

Unlike with the San Juan Street office, the bill text does not specify how the Shawmut Avenue building will be redeveloped, but according to IBA’s Facebook post, the combined redevelopment of both offices will produce between 40 and 50 units of affordable housing.

“We are especially grateful to Representative John Moran and State Representative Aaron Michlewitz, along with all the members of the Black and Latino House Caucus, who ensured IBA was considered in this legislation,” IBA wrote in the post. “The bill will support the state in building the affordable housing it needs, and we are grateful to be a part of it.”

IBA did not respond to a request for comment.

The conversion of the San Juan Street building will begin after the completion of IBA’s La Casa, a four-story Latinx arts and culture center slated to open approximately at the end of next year. La Casa will also house the organization’s administrative functions, which is why the conversion was possible.

The organization’s chief operating officer told the Boston Business Journal that, in addition to applying for permits and regulatory approvals before beginning construction, IBA was considering applying for a tax break through Boston’s office to residential conversion incentive program.

Boston has continued to push for residential conversions in recent months. For example, the Healey administration announced in July that an empty office building in Beacon Hill now, which used to serve state officials, will instead be redeveloped as a residential space. The conversion incentive program website says that one of its goals is to address the need for housing, though it focuses largely on Downtown Boston. “However, projects will be considered on a case-by-case basis anywhere in the city,” the website states.