Enterprise recently made its largest Low-Income Housing Tax Credit equity investment ever – $45 million – and its first in the Boston area in more than a decade.
The funds were invested in the second and final phase of the Boston Housing Authority’s Franklin Hill Revitalization development. It will create 152 affordable homes for families in Dorchester, Mass. Enterprise partnered with Trinity Financial, an award-winning affordable housing development company with 20 years’ experience. Download the press release.
For more information about Enterprise's work in New England, as well as in upstate New York, New Jersey, and Pennsylvania, please email Tom Eastman in Enterprise’s New York City office or call 212.284.7182
Enterprise’s New York office has invested $808 million in equity, loans and grants to develop or preserve more than 11,000 affordable homes since January 2004. We are edging ever closer toward our Billion Dollar Promise of creating 15,000 affordable homes and investing $1 billion in New York City communities by 2009.
Montaunk Phase 1, a development of the Neighborhood Entrepreneurs Program helped us surpass the $800 million mark. The development will create 57 affordable homes for low-income individuals and families in Brooklyn. Learn more about the Billion Dollar Promise.
Enterprise, with support from Capital One, recently convened a national symposium that explored the link between neighborhood and educational improvement.
During the event, Bruce Katz of the Brookings Institution spoke of today’s global economic challenges and the interconnection between education and housing policy. Enterprise also released The Community Developers’ Guide to Improving Schools in Revitalizing Neighborhoods, a new publication addressing how community developers can work most effectively with neighborhood schools. Download the report.
KaBoom!, a nonprofit organization that creates outdoor play spaces, is looking for community-based partners to help build playgrounds in New York City this summer and fall. You must be willing to recruit volunteers for playground Build Days and meet other responsibilities. Download the application form and submit to Stacey Steidler at ssteidler@kaboom.org or fax to 202.659.0210.
Gifts-In-Kind International has launched a retail donation program linking 2,000 Home Depot stores nationwide with local nonprofits. Enterprise’s Gulf Coast partner, Providence Community Housing, joined Gifts-In-Kind and received 1,000 new Energy Star appliances worth approximately $500,000. Visit Gifts in Kind to learn how your organization can take advantage of this great opportunity.
Energy Matters, set to premier soon, is a website and monthly email alert providing tips for community and affordable housing developers. It includes topics such as managing financially and environmentally sustainable buildings. Energy Matters, a product of the Pratt Center for Community Development, will also feature workshop opportunities, financial incentives and energy-saving tips to assist building managers. To sign up for Energy Matters, contact Wendy Fleischer at wfleisch@prattcenter.pratt.edu or visit the Pratt Center website.
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