Loan Fund is among the 24 Community Development Financial Institutions and 14 nonprofit housing organizations that will receive a Capital Magnet Fund award from the U.S. Department of the Treasury's CDFI Fund.
The CDFI Fund has announced its FY 2018 CDFI Program awards, providing more than $200 million in grants to 302 organizations nationwide. Enterprise Community Loan Fund (Enterprise) received a $1.125 million Financial Assistance (FA) award, and a Healthy Foods Financing Initiative (HFFI) award.
On episode 5 of Building Blocks, deconstruct the potential impact of Opportunity Zones and how Enterprise is helping frame the conversation with Enterprise's Laurel Blatchford, Rachel Reilly, and Flora Arabo,
Sun Crest Heights received a complete makeover via the inaugural Solarthon, a solar installation block party and fundraiser. Enterprise Community Loan Fund provided a $4.1 million loan to preserve the affordability of Sun Crest’s 44 homes. The loan was part of Our Region, Your Investment, a local impact investing initiative.
When the co-founders of Baltimore-based UNION Brewing set out to find the perfect space to grow their operations, they realized that many other like-minded local entrepreneurs were also looking for a place to expand their businesses.
As the buzz around impact investing grew over the past decade, multiple initiatives and collaboratives emerged to examine how government could play a role in unlocking private capital for social good. Groups like the U.S. National Advisory Board on Impact Investing (NAB), the Accelerating Impact Investing Initiative (AI3), and US SIF have engaged in policy research and advocacy efforts to encourage federal action in support of impact investing.
The CDFI industry was built upon a rich history of self-reliance and determination. Since the 1800s, Americans overlooked by traditional financial institutions have organized to empower themselves and their communities through different variations of peer lending networks. Modern-day impact investing is a derivation of this model—people and companies looking for opportunities to lift up the places and causes they care about.
The accepted definition of impact investing is rooted in intentionality. Every investment you make generates an impact, but the test is whether that impact is aligned with your core values. Impact investors are not a different class of investors. They are simply people and organizations who support the notion of blended value—the idea that investing to pursue social and environmental goals does not need to be decoupled from profit-making.
Enterprise Community Loan Fund leveraged a Healthy Food Financing Initiative award from the CDFI Fund to invest in Honor Capital’s efforts to fight food deserts. Honor Capital was formed by five Naval Academy classmates who, after serving overseas, returned home wanting to remain part of something larger than themselves.
Enterprise Community Loan Fund is making a 10-year commitment to accelerate and expand the revitalization of Jefferson-Chalmers. Our commitment is seeded by The Kresge Foundation, which just announced a $3 million investment in this vital work as part of the first round of its new Kresge Community Finance initiative. In the coming years, Loan Fund will continue to engage socially-motivated community members and businesses to collectively invest in the equitable revitalization of this community.
Enterprise Community Loan Fund (Enterprise) is leveraging a Healthy Food Financing Initiative award from the CDFI Fund to invest in Honor Capital’s efforts to fight food deserts. Honor Capital was formed by five Naval Academy classmates who, after serving overseas, returned home wanting to remain part of something larger than themselves.
Health and housing are inextricably linked in their impact on our everyday lives. They are both critical in lifting low-income people out of poverty, as our new Social Return on Investment report highlights. Without a stable home, securing even basic health care is a significant struggle.
Today Enterprise Community Partners and the Accelerating Impact Investing Initiative (AI3) released a new issue brief on tax incentives for impact investments through Community Development Financial Institutions (CDFIs). CDFIs are private government-certified financial institutions that serve individuals, businesses and communities that tend to be overlooked by the conventional financial system.