As one of the largest nonprofit community development financial institutions in the country, Enterprise Community Loan Fund delivers high-impact capital to the people and places that need it most.

Partnering with community groups and investors, we combine financial discipline, deep expertise and highly-collaborative partnerships to build and preserve homes people can afford, and invest in neighborhood resources and facilities residents needed most, including schools, federally qualified health centers, stores with healthy food options and more.

Are you a Community Partner?

 

Are you an Investor?

 

Track Record

Investment Discipline Social Impact
  • $2.2B  Invested
  • $424M Assets Under Management
  • A+ Rated by Standard & Poor’s*
  • AA+ Highly Rated by Aeris*
  • Member of Opportunity Finance Network
  • 123,500 homes created and preserved
  • 601,000+ health care visits facilitated
  • 16,200+ school seats created
  • 4.5M square feet of commercial real estate developed/rehabbed

*Aeris is a CDFI rating agency and rates CDFIs for both financial strength and Impact. Standard & Poor’s Global ratings provides ECLF a rating as an issuer of securities. S&P also rated ECLF’s Series 2018A General Obligation Sustainability Bonds which were issued in 2018. S&P updates both ratings on an annual basis. Neither the Aeris nor the S&P ratings should be interpreted as a statement as to the risks or suitability of an investment in securities issued by Enterprise Community Loan Fund other than the Series 2018A Bonds.

 

Focus Areas

  • Affordable Homes: Build and preserve good homes
  • Health: Promote wellbeing through accessible, culturally competent medical services
  • Fresh Food Access: Develop and invest in grocery stores with nutritious foods
  • Sustainability: Finance green, energy-efficient solutions
  • Transit-Oriented Development: Create affordable homes near public transit
  • Racial Equity: Fill gaps in capital funding created by decades of systemic racism in housing

Community Partners

Our CDFI provides flexibly designed loans to build and preserve homes with affordable rents, health care clinics, grocery stores, schools, among others community facilities.

Types of Loans

Interest rates are indications only.

Predevelopment: Third party expenses related to design and development activities prior to construction.

  • Term: up to 24 months
  • Loan Amount: up to $2 million
  • Interest Rate: 5–7% based on project, sponsor risk and other variables

Acquisition and/or Preservation Loans: Available for land and building acquisition and critical repairs

  • Term: up to 48 months
  • Loan Amount: up to $7.5 million
  • Interest Rate: 5–7.5%, LIBOR + 4.5%

Construction and Bridge Loans: Available to pay for new construction or rehabilitation with expected repayments typically from a permanent loan, LIHTC equity, and/or Historic Tax Credit Equity. May also be used to bridge other financing sources.

  • Term: up to 60 months
  • Loan Amount: up to $7.5 million
  • Interest Rate: 5–7%, LIBOR + 4.5%

Mini-Permanent Loans: Available for acquisition/refinance of operating housing and community facility properties. May also be paired with a construction loan for the development of a new property.

  • Term: up to 120 months
  • Loan Amount: up to $7.5 million
  • Interest Rate: 6– 7%
Contact Us
Connect With A Local Lender
Ohio and Washington, DC

Contact Sharon Bollers

Colorado & Illinois

Contact Josh Griff

Mid-Atlantic, Baltimore & Detroit

Contact Linda Sorden

Northeast, Atlanta & Gulf Coast

Contact Katia Izyumova

Northern California

Contact Eve Goldstein-Siegel

Southern California

Contact Jonathan Clarke

Pacific Northwest and National

Contact Jonathan Clarke


Investors

We’ve invested $2+ billion in communities that lack access to traditional sources of capital. Your investment helps build good homes with affordable rents, as well as schools, health care centers, and community facilities.

How to Invest

Every dollar you invest with us leverages public and private funds—increasing the impact of your investment. We offer three ways to invest.

  • Enterprise Community Impact Note: A unique opportunity to make a socially responsible investment that changes lives – while earning a financial return.1
  • Direct Loan – Term loans, Revolving Lines, Equity Equivalent (EQ2) or Recoverable Grants: Loan directly to ECLF: structured to your and our borrowers’ needs.
  • Grants: Grants provide the deepest level of investment by providing a 5 to 1 multiplier effect for lending. 100% of grant proceeds support lending opportunities. For the greatest leverage, we work with grant investors to maximize their impact goals.
Invest Term loan, Revolving Line, EQ(2), and Recoverable Grant Fixed Income Security (Impact Note)
Minimum Investment $3 Million $25,000
Structure Negotiated Agreement Investment that is governed by a Prospectus
Type Term loan or Revolving Line of Credit, EQ2 or Recoverable Grant Fixed Income Security
Term Minimum of 3 years, longer terms preferred A variety of terms are available, see current terms
Interest Rate Fixed, negotiated Fixed, see current interest rates
Interest Payments Varies (Annually, Quarterly, Monthly or Weekly) Annually, may elect to capitalize interest
CRA Eligibility Yes Yes
Geographic or Programmatic Targeting Yes Targeting available for investments ≥ $1 million
Reporting Audited and unaudited financials, other reporting as negotiated Audited and unaudited financials, Impact Reporting

Risk Management

We couldn’t ensure the strength of your investment for the long haul without our dedicated Asset Management team and our on-the-ground insights on local markets. Over our 30+ years of operating history, we have mitigated and managed credit risk with an incredibly low level of losses. We manage risk through disciplined loan and capital structuring, and rigorous credit policies and processes.

We couldn’t ensure the strength of your investment for the long haul without our dedicated Asset Management team and our on-the-ground insights on local markets. Over our 30+ years of operating history, we have mitigated and managed credit risk with an incredibly low level of losses. We manage risk through disciplined loan and capital structuring, and rigorous credit policies and processes.

CDFI investors include:

  • Individual impact investors
  • Institutional impact investors
  • Philanthropic individuals
  • Foundations
  • Religious organizations
  • Nonprofits
  • Insurance companies
  • Banks
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Impact Access 50 2021 logo

Named to the ImpactAssets 50 for fifth straight year.*

*This list should not be interpreted as a statement as to the risks or suitability of an investment in securities issued by ECLF.

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woman and child in front of apartment building hug
Our Social Return on Investment report details stories and metrics from our CDFI.

Contact an Investment Specialist
Charlotte Crow

Contact one of our CDFI investment specialists to learn more.

Rob Bachmann

Contact one of our CDFI investment specialists to learn more.

Counter Racial Inequities in Housing:

Equitable Path Forward is a five-year, $3.5 billion initiative to help dismantle the legacy of racism in housing. Investments support Black, Indigenous, and People of Color (BIPOC) an other housing providers who have ben historically marginalized.

1The Enterprise Community Impact Note is subject to risks, which are described in our prospectus. This is not an offer to sell you our securities and we are not soliciting you to buy our securities. We will offer and sell our securities only in states where authorized. The offering is made solely by the prospectus, which should be read before investing. The Enterprise Community Impact Note is not FDIC or SIPC insured.

Meet Our Team

Elise Balboni headshot

Elise Balboni

Senior Vice President, Strategic Initiatives & Capital Programs, Enterprise Community Loan Fund, Inc.