Increase public and private resources available for affordable and workforce housing production
Advocate for public policies that support rebuilding of housing for those in greatest need
Demonstrate best practices in healthy, energy-efficient, mixed-income housing and community development through the redevelopment of the Lafitte public housing complex and surrounding neighborhoods of Treme and Tulane-Gravier
Support a lasting infrastructure and production system for affordable housing development beyond the immediate recovery resources, and as a key component of this system, build the capacity of nonprofit housing development organizations
Our Impact in the Gulf Coast
Enterprise began working in the Gulf Coast shortly after the hurricanes of 2005 and resulting flooding devastated the region, and set an ambitious goal of being a catalyst for the development of 10,000 affordable homes in the region through the investment of over $200 million in loans, grants and equity. To date, Enterprise has invested nearly $180 million to support the production of more than 6,400 affordable homes in Louisiana and Mississippi, over 3,300 which are now complete
Worked with partners to secure Low-Income Housing Tax Credit (LIHTC) Gulf Opportunity Zone (GO Zone) allocations to develop and rehab more than 1,285 affordable homes
Supported the development of over 1,300 green affordable homes of over $70 million of our total investment to date
Louisiana Loan Fund
This Louisiana Loan Fund is designed to support the redevelopment of vacant and blighted single-family properties in New Orleans. Managed by Enterprise, the Fund encourages construction lenders to provide loans for single family home constructionby committing to repay these loans upon construction completion.
The Louisiana Loan Fund is repaid when the developer sells the home. The Fund works in conjunction with local homebuyer counseling agencies and state and local programs that provide subsidies for single family construction and homeownership. The Fund was seeded with Community Development Block Grant (CDBG) from the State of Louisiana, leveraging investment from Goldman Sachs Urban Investment Group, The Bill and Melinda Gates Foundation, The Robert Wood Johnson Foundation, Rockefeller Foundation and Enterprise.
For more information about the Louisiana Loan Fund, contact Michelle Whetten, Vice President and Market Leader, Gulf Coast at 504.335.2303.
Green Communities at Work in the Gulf Coast
Enterprise has worked to incorporate green standards into several state and local housing production programs including:
Louisiana Housing Finance Agency’s Qualified Allocation Plan for Low-Income Housing Tax Credit developments
The State of Louisiana small rental property repair program
The New Orleans Redevelopment Authority NSP2 program
A New Orleans program to relocate and renovate historic homes from the site of the new Veterans Affairs hospital
Five Extraordinary Years
Our work in the first five years since the destruction caused by Hurricane Katrina.
After Hurricane Katrina, a partnership of Providence Community Housing and Enterprise Community Partners began construction of a new community on the site of the old one and welcomed its first residents in February 2011. See how this neighborhood represents a fresh start not only for hundreds of families who will make it their home. Nola.com