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Enterprise Community Partners (Enterprise) announced the closing of an equity fund that would acquire and preserve $800 million in affordable and workforce homes. With $229 million in equity commitments, the fund exceeded its original $200 million target to become one of the largest preservation funds of its kind.
Preservation Equity
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The Joint Center for Housing Studies (JCHS) at Harvard University released its 2021 State of the Nation’s Housing report, providing commentary and context on the condition of housing markets after an unprecedented year of changes and challenges.
Policy 
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The Colorado legislature adjourned on June 8 after a busy 116-day session dominated by the threat of Covid-19, responding to the pandemic’s devastating impact and major policy issues – including housing.
Policy Covid Response
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Eight local organizations will share the CDO Fund’s first $750,000 in philanthropic funding, using it to enhance their work and support their communities throughout the recovery from Covid-19. The CDO Fund is part of Enterprise’s Equitable Path Forward initiative to dismantle the deeply-rooted legacy of systemic racism in housing and community development.
Gulf CoastRacial Equity Covid Response
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Enterprise announced that it has been awarded a $500,000 grant from the Federal Home Loan Bank of New York (FHLBNY) to advance racial equity in affordable housing and real estate development in New York State. With the funding, Enterprise will provide consulting and advisory services to up to eight affordable housing developers led by BIPOC housing providers.
New YorkEquitable Path Forward
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$15.2 million Low-Income Housing Tax Credit (Housing Credit) deal to transform a wing of the historic former Catholic school Villa Maria Academy into Angela’s House, a six-floor building with 67 affordable senior (55+) apartments, including 21 units of supportive housing set aside for homeless seniors.
Low-Income Housing Tax Credit Resident ServicesPreservation Green Communities
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support technical assistance for applicants and awardees in the Governor’s proposed expansion of Homekey. Facebook’s funding will allow Enterprise to build on its support of the Governor’s successful Homekey program.
Northern California Southern CaliforniaPreservation Racial Equity Upward Mobility 
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Enterprise announced a $20 million commitment from Charles and Lynn Schusterman Family Philanthropies (Schusterman), along with $5 million from the Community Investment Guarantee Pool (CIGP), toward Equitable Path Forward.
Racial Equity Equitable Path Forward Upward Mobility 
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Bank of America Community Development Banking, in partnership with Enterprise, is investing $60 million – $30 million in loans and $30 million in equity financing – to support Enterprise’s Equitable Path Forward.
Equitable Path Forward Upward Mobility 
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More than 100 representatives of affordable housing organizations, public agencies and nonprofits from Washington, Oregon, Idaho and Alaska are participating in a training series to increase the preservation of rural affordable homes.
Pacific NorthwestRural & Native American