Enterprise Community Loan Fund is committed to building opportunity in neighborhoods across the country through strategic investments in housing, health care, education and other community facilities or businesses. By creating new financial products to fill market gaps, aggregating capital from a variety of sources and structuring investments in ways to mitigate investor risk, Loan Fund has a rich history of strengthening local communities.
This year’s Social Return on Investment report features one such community – the historic Saint Luke’s Hospital campus in Cleveland, Ohio – where Enterprise has invested more than $42 million over 3 years to help transform a blighted property into a thriving mixed-use neighborhood hub. We feature the stories of senior residents, elementary school students, and nonprofit staff to help tell the impact story of the Saint Luke’s campus.
Katherine has lived in Cleveland every one of her 93 years, with strong ties to the community and to Saint Luke’s. She gave birth to two sons at Saint Luke’s Hospital in the 1940’s, when the hospital maternity ward was segregated by race. Today, Katherine enjoys living in a beautiful home in the old hospital where she was once only allowed to enter through the back door. Katherine believes that without the option of living in Saint Luke’s Manor, she would have to move out of state with her daughter, leaving behind her church community, doctors and strong support system.
Malia Harris is an 8th grader attending the Intergenerational School and a resident of the Buckeye-Woodhill neighborhood. she lives only 5 minutes from the Saint Luke’s campus. She As a member of the Boys & Girls Club at Saint Luke’s, Malia takes full advantage of the opportunities afforded to her through the program.
Kim Fields is an office manager at the Saint Luke’s Foundation, an organization committed to continuing the legacy of the Saint Luke’s Hospital to serve the community. As both a resident and an employee of a mission-driven neighborhood organization, Kim has noticed a change in her neighbors as they become more active and engaged in their own community.