Mission
Enterprise’s mission is to see that all low-income people in the United States have the opportunity for fit and affordable housing and to move up and out of poverty into the mainstream of American life.
Strategic Priorities
Green Communities
- Launched in 2004, Green Communities® is a five-year, $555 million initiative to build 8,500 healthy, sustainable, affordable homes.
- Surpassing our initial goal, we have provided more than $570 million to build 11,500 green homes, to date.
- Green Communities aims for nothing less than a transformation in the way communities think about, design, and build affordable homes.
Preservation
Enterprise is aggressively working to preserve existing affordable housing through several vehicles, including HUD Section 202 refinancings, Year 15 disposition strategies for expiring LIHTC properties and a partnership with the National Affordable Housing Trust.
- Of the 100 LIHTC properties sold through Year 15 dispositions, nearly every project remained affordable, preserving 5,500 rental units and converting 212 to homeownership opportunities through a lease-purchase program
Supportive Housing
With proven personal and economic benefits to residents and taxpayers, service-enriched housing is a strategy to make inroads to end chronic homelessness.
- In 2007, Enterprise invested $176 million for 2,129 units of supportive housing
- To date, Enterprise has closed more than $1.67 billion in equity, loans and grants, totaling nearly 29,000 units of supportive housing
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