{Preserving St. Dennis in D.C.}
The Martinez family refused to give in when the previous owner tried to convert St. Dennis into market-rate condos. The National Housing Trust-Enterprise Preservation Corporation (NHT/Enterprise) helped them secure the financing to acquire and renovate the property.
A Two-Pronged Approach to Rental Housing Preservation
Keeping Housing Affordable
Enterprise works in partnership with the National Housing Trust, a program which provides funding to purchase and preserve affordable housing that is in danger of being sold and converted into market-rate housing. The National Housing Trust/Enterprise Preservation Corporation has preserved nearly 5,000 affordable homes through real estate development.
Preserving Expiring-Use Units
Housing built with Low-Income Housing Tax Credits (LIHTC) was required to remain affordable to low-income people for 15 years. Enterprise Community Investment is helping keep these properties affordable past “Year 15.”