Enterprise Community Investment, Inc. is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities.
Founded in 1984 as a socially motivated for-profit corporation, we work in unison with our parent organization, Enterprise Community Partners, Inc., to provide a "single source" for financing needs and expertise related to affordable housing and community development.
Enterprise leverages low-income housing, new markets and historic rehabilitation tax credits; short and long-term debt, and development services to capitalize projects that make a catalytic difference in communities.
For over 25 years, Enterprise has privately raised over $9 billion in capital to finance more than 240,000 affordable homes, create vital communities and help transform the lives of low-income Americans, particularly those at the lowest end of the economic scale. Currently, Enterprise is investing in communities at a rate of $1 billion a year.
Low-Income Housing Tax Credits
- Raised more than $6.6 billion in Low-Income Housing Tax Credit equity through more than 95 investment funds.
- Financed more than 1,600 LIHTC properties totaling more than 93,000 affordable housing units under asset management.
Permanent Financing – Debt
- Financed more than $436 million in new construction, preservation and rehabilitation mortgages, resulting in 15,000 affordable rental apartments.
- Preserved affordability for 5,000 rental homes.
New Markets Tax Credits
- Received $515 million through the New Markets Tax Credit (NMTC) program, making Enterprise’s allocation one of the highest in the nation.
- Placed over $419 million in commercial and mixed-use developments in urban centers and rural communities, with total development costs of over $3 billion, resulting in more than 5.8 million square feet.
Development
- Nearly 6,200 rental homes and residences completed or under development.
Short-Term Lending
- Partnered with 45 investors to capitalize $348 million loan fund.
- Financed more than $725 million into low-income communities, helping to build or renovate more than 78,000 affordable housing units.
Enterprise Community Partners
- Allocate $7-$9 million in grant funding annually through a competitive application process.
- Offer models and best practices to improve communities through resident services, homeownership and education initiatives.
All figures are as of 04/08.
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