Recent Highlights

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Equitable Transit Oriented Development (eTOD)

Through our focus on eTOD, Enterprise works to foster equitable and vibrant communities with access to jobs, amenities, and schools via Chicagoland’s extensive transit system. We do this through technical assistance programs, partnerships, and grants. Some of our key accomplishments in 2015 and 2016 include:

  • Founding L-Evated Chicago in partnership with other Chicagoland leaders in planning and community development. For more than four years Enterprise national has worked to structure the Strong, Prosperous and Resilience Communities Collaborative (SPARCC). In parallel, Enterprise Chicago has provided grants and technical assistance to community development corporations (CDCs) in support of predevelopment work for projects and programs near transit. These efforts helped lay the groundwork for L-Evated Chicago’s successful and highly collaborative application to SPARCC. Through SPARCC, we plan to build around Chicago’s vast transportation system—and the physical connections it makes—to create new capital, policies, and programs that focus on equity, health, cultural assets, and climate resiliency.
  • Convening and supporting a 2015-2016 eTOD grantee cohort of ten community development partners. Enterprise Chicago awarded a total of $390,000 in grants to these organizations to support their eTOD projects and programs.  Enterprise Chicago provided one on one technical assistance and workshops to the ten eTOD partners, and worked in partnership with the Center for Neighborhood Technology to develop an eTOD site selection and community impact assessment tool.
  • Co-hosting the eTOD Laboratory, a public workshop in June 2016, in partnership with the Center for Neighborhood Technology (CNT) and the Chicago Metropolitan Agency for Planning (CMAP). attracted more than 100 participants representing a wide diversity of developers, public sector partners and community groups. The event included an exciting and participatory suite of equitable transit oriented development (eTOD) workshops, trainings, discussions, and the launch of a data driven eTOD tool (beta).
  • Enterprise’s Chicago office structured and implemented a $500,000 south suburban eTOD grant program in 2016 in partnership with the South Suburban Mayors and Manager’s Association (SSMMA). We worked with SSMMA and representatives of south suburban municipalities to identify, assess, and prioritize sites for funding. In late summer 2016 we work with SSMMA to select eight municipalities to receive predevelopment grants to advance key TOD efforts in Chicago’s south suburbs.

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Enterprise Sustainability Exchange (ESE)

Through the Enterprise Sustainability Exchange, Enterprise works with our partners to create sustainable communities in Chicagoland and the Midwest. We do this through public conferences and trainings and by providing targeted resources to ESE cohort members each year. Recent milestones include:

  • Hosting sustainability trainings in Chicago in 2015 and 2016 that impacted more than 100 organizations representing many disciplines and sectors. Enterprise’s green trainings in Chicago during 2016 brought together experts, and highlighted Chicago applications for Enterprise resources such as our Ready to Respond Tools for Resilience and our Enterprise Green Communities criteria.
  • Convening and supporting three cohorts of 14 community developer/owners that collectively more than 12,000 homes in Chicagoland and the Midwest. Cohort 1 (2014-2015) cohort members were: Bickerdike Redevelopment Corporation, Heartland Housing Inc., Hispanic Housing Development Corporation, IFF and Mercy Housing Lakefront.  Cohort 2 (2015-2016) members were: Claretian Associations, LUCHA, Thresholds, Turnstone Development Corporation, The Resurrection Project. Cohort 3 (2016-17) members are: Aeon & the Prospect North Partnership, Chicago Neighborhood Initiatives (CNI), Chicago Metropolitan Housing Development Corporation (CMHDC), LUCHA, Heartland Housing Inc., Space Fund NFP.
  • Administering technical assistance and grants to help all 14 ESE cohort members work independently and collaboratively to build green homes and communities.  In 2016 alone, Enterprise Chicago provided a total of $444,000 in grants to ESE cohort members to support their program and project related sustainability initiatives.
  • Kicking off a water conservation pilot program with Elevate Energy and all five members of ESE cohort 2. Enterprise is currently preparing a case study on the pilot, which impacts 14 multifamily buildings (541 units). All buildings had savings opportunities of 10% or more, and nine of fourteen buildings had opportunities for 23% or more in savings. The average anticipated savings for a five-period are $20,257 per building. This is driven by increases in City of Chicago water rates, which went up 286% between 2008 and 2015, with additional increases projected by 2020.
  • Launching the Green Resident Engagement Collaborative in partnership with the US Green Building Council’s Illinois Chapter (USGBC – IL). This effort pairs 10 volunteers with 10 multifamily buildings owned by Year 1 cohort members. Volunteers will use Enterprise’s resident engagement toolkit and collaborate with building staff to engage residents in 2017.

    Health and Housing

    Through our leadership role with the Lifetime Communities Collaborative (LCC), Enterprise helped to build the capacity of nonprofits and municipalities to holistically approach planning, development and coordination of services to create lifetime communities, communities that benefit people of all ages especially older adults. In 2016 our Chicago team:

    • Supported technical assistance to northwest suburban municipalities in collaboration with the Northwest Housing Partnership, and the North West Suburban Housing Collaborative. Communities impacted include Arlington Heights, Buffalo Grove, Mount Prospect, Palatine, and Rolling Meadows.  Of those communities, we presented community-specific aging-in-community workshops in Mount Prospect and Rolling Meadows.
    • Committed $145,000 in capacity building grant funds to support older adult housing and Lifetime Communities initiatives by Korean American Community Services, Villa Guadalupe Senior Services, and The Resurrection Project. These groups will engage in capacity building activities and participate in LCC activities in 2017 and 2018.
    • Partnered with the Chicago Metropolitan Agency for Planning (CMAP) to host a regional convening on older adults that attracted over 70 participants. As part of the convening, we hosted a senior housing charrette to provide specific TA to 3 projects implementing best practices to create communities for people of all ages. The charrette used the Enterprise Green Communities Aging in Place charrette toolkit to guide site selection and design processes.

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    Preservation of Affordable Housing in Strong Markets

    Enterprise works closely with community based partners to pilot and develop strategies to preserve affordable housing in gentrifying markets. In 2016 we:

    • Supported the launch of the ROOTS (Renters Organizing Ourselves to Stay) model in Chicago by providing technical support and financing to project partners. With the leadership of Communities United, who identified the need to preserve affordable housing in their community of Albany Park, Enterprise provided a $5M line of credit to the Chicago Metropolitan Housing Development Consortium (CMHDC) to purchase and rehab foreclosed two-, three- and four-flat buildings. Congresswoman Jan Schakowsky called the effort a “unique and collaborative effort to save 44 units of affordable housing and halt the displacement of families.” Read the Chicago Tribune take on ROOTS
    • Continued working to achieve the goals of the single room occupancy (SRO) preservation ordinance. Efforts included hosting an SRO rehabilitation charrette in September 2016 in partnership with Landon Bone Baker Architects (LBBA). Enterprise and LBBA are also developing an SRO rehab case study which will be released in 2017.

    Lending & Investment in the Midwest

    The following financial resources help us and our partners achieve our goals in Chicago and the Midwest.

    Capacity building grants

    • In November 2016, we awarded a total of $950,000 in Section 4 capacity building grants to twenty-one (21) housing and community development nonprofits the Midwest, including grants awarded in Chicago, Detroit and Twin Cities Metro areas.
    • The grants we awarded in 2016 build on the success of our 2015 grant round, which provided $1.2 million to grantees in Chicago, Detroit and Twin Cities metro areas.

    $633 million of loans and investment in the region through Enterprise’s family of financial companies in 2016

    • Enterprise Community Investment invested $50.1 million in Low-Income Housing Tax Credit equity, supporting new construction and rehab of multifamily housing in Chicago and St. Louis.
    • Enterprise Community Loan Fund provided $15.4 million of short short-term to support multifamily and scattered-site affordable housing construction and rehabilitation across the Chicago, Detroit and the Minneapolis-St. Paul metro areas.
    • Bellwether Enterprise provided $567 million in mortgages across Iowa, Illinois, Indiana, Michigan, Minnesota, Missouri and Wisconsin. Capital is being used to build affordable and market rate housing, as well as mortgages for healthcare, hospitality, industrial, office and retail construction.