Thanks to your support and partnership, we multiplied the impact of our work, creating well-designed, affordable homes connected to vital resources. Take a deeper dive into our 2016 progress and results from Enterprise programs, initiatives and markets nationwide.
- The Strong, Prosperous and Resilient Communities Challenge (SPARCC) – a 3-year, $90 million initiative – focuses on the areas of health, climate resilience and racial equity to shape stronger, more inclusive communities. SPARCC is an initiative of Enterprise, the Federal Reserve Bank of San Francisco, the Low Income Investment Fund and the Natural Resources Defense Council, with funding support from the Ford Foundation, The JPB Foundation, The Kresge Foundation, the Robert Wood Johnson Foundation and The California Endowment.
- Enterprise Community Loan Fund and Enterprise Green Communities developed the PACE loan product to finance clean energy building upgrades.
- Enterprise’s seventh annual Affordable Housing Design Leadership Institute (AHDLI)in Detroit brought together developers, designers and city agencies to discover how better collaboration can meet the needs of residents and strengthen the fabric of neighborhoods.
- In Chicago, a new water conservation program initiated at 14 multifamily housing developments is expected to help property owners manage rising water costs, saving $20,257 per building over five years.
- In Denver, we partnered to create the new Social Impact Bond program, providing permanent housing and supportive services to at least 250 chronically homeless individuals.
- The Gulf Coast team created the Louisiana Disaster Assistance Relief Fund, to provide $205,000 for flood recovery.
- The Mid-Atlantic and Loan Fund teams created the Our Region, Your Investment platform, which raised nearly $11 million in its first year to preserve housing affordability in the greater D.C. area.
- In New York, the NYC Acquisition Fund made an additional $135 million available for affordable housing for years to come.
- The Northern California team helped secure key funding, including $100 million for preservation and anti-displacement efforts in Oakland.
- In Ohio, the Enterprise-led Cuyahoga Earned Income Tax Credit Coalition put, on average, $1,613 in refunds back in the pockets of 15,684 low-income families.
- The Pacific Northwest and Transit-Oriented Development teams worked with Enterprise Community Loan Fund to launch the REDI fund, which will provide $21 million to support affordable housing in Seattle’s transit accessible areas.
- In the Southeast, 726 formerly homeless people moved into homes thanks to Atlanta’s Open Doors program.
- In Southern California, the New Generation Fund surpassed the $100 million milestone for its investments in the creation and preservation of affordable housing in Los Angeles.
Enterprise has built the capacity of its partners to deliver:
- Enterprise received $14.2 million in Section 4 funds to support capacity building efforts.
- Enterprise Advisors provided capacity building and technical assistance to more than 300 cities, housing agencies and nonprofits, including more than 200 Public Housing Agencies, more than 50 cities through the National Resource Network and 10 jurisdictions that submitted their first Assessment of Fair Housing.
- Our Design Initiatives team placed six Enterprise Rose Architectural Fellows in organizations working across the United States.
- Through a collaboration between our Rural/Native American team and the Corporation for National and Community Service, up to 160 AmeriCorps VISTA members will be placed in 55 tribal communities over the next three years to support resilience and sustainable energy efforts.
Policy & Advocacy
- Enterprise and the ACTION Campaign worked closely with Senators Cantwell and Hatch to introduce the Affordable Housing Credit Improvement Act of 2016.
- We helped secure $100 million in annual funding for affordable housing for the D.C. Housing Production Trust Fund.
- More than 70 Enterprise staff met with members of Congress during Enterprise’s annual Lobby Day.
- Enterprise helped create $3.6 billion in new local resources to support affordable housing through nine Enterprise-endorsed ballot initiatives in California, Maryland, Oregon and Washington.
- In Denver, Enterprise co-led a successful multi-year advocacy campaign to create the city's first permanent revenue source dedicated to affordable housing – the program will generate an estimated $150 million for affordable housing initiatives over the next 10 years.
Enterprise created and shared key expertise with our partners in affordable housing and community development and in other critical industries, like health care. Our papers, guidelines, reports and toolkits produced in 2016 were downloaded more than 13,000 times.