The Renter Wealth Creation Fund innovatively provides renters the wealth building opportunities traditionally limited to homeowners.
We turn rent into wealth.

Are you an Investor?


Are you a Developer?

Partnering with us, investors can help change a system that leaves renters behind and perpetuates the wealth gap.

The challenge: Homeownership is regarded as the traditional path to personal wealth. But as mortgage rates rise and home prices soar, homeownership is out of reach for too many. Left behind are nearly half of all households without a home-based wealth creation opportunity.i Consider if you’re a renter:

  • Every dollar of rent goes to someone else.
  • You build no equity in your home. 
  • In theory, renting saves money by lowering housing costs. In reality, there are too few affordable rental options to meet demand, and skyrocketing rents are a leading cause of financial instability.

It’s no wonder that the average renter has 40x less wealth than a homeowner.ii The current system keeps sapping the individual’s wealth-building potential – depriving entire communities of upward mobility and perpetuating a racial wealth gap across generations. When over half of Black and Latino households are renters, it’s clear the system isn’t working for everyone.iii

The Renter Wealth Creation Fund is a direct response to what renters have told us they want: more cash in hand today, and the opportunity to build wealth and achieve upward mobility over the long term.
Lori Chatman, President, Capital Division, Enterprise Community Partners, Inc.
Lori Chatman headshot

The Renter Wealth Creation Fund: a practical – resident-informed – solution where renters and investors alike can benefit.

The Renter Wealth Creation Fund changes the system by applying a commonsense solution. Designed to benefit renter and investor alike, the fund rebalances the dynamic by changing how profits are distributed. Investors receive a fixed percentage of returns, and renters can receive immediate, ongoing and longer-term benefits:

A family posing for a picture
  1. Cash Back: Every month, renters will get cash back when they pay their rent on time. Whether to grow their savings, pay down debts or gain financial flexibility, these immediate savings will be distributed through Stake, a mobile app that allows the seamless transfer and use of these reimbursements. We believe that renters should be rewarded for contributing to a thriving community.
  2. Resident Services: Properties in which the fund invests – identified through our national network of partners – will feature services tailored to residents. Focused on promoting upward mobility and community building, these ongoing resident services will be available to everyone who lives at the property.
  3. Shared Appreciation: Long-term residents (current and former) have a chance of sharing in the appreciation of the property. Like homeowners cashing out from a sale, renters may receive a share of profits when the property is sold or refinanced. Like home equity, shared appreciation has the chance of delivering transformational income to renters without the same risk of financial loss.

Directly informed by resident input, our approach targets benefits for both renters and investors: 

  • Renters gain new inroads toward upward mobility and closing the wealth gap – through resident services, short-term cash back and long-term appreciation sharing. 
  • Investors (and landlords) gain added stability on their investment from a resident loyalty program – boosting occupancy and increasing renewals in a competitive market.

Enterprise's innovative approach is directly informed by our residents and our ability to design, test and scale solutions – and move the market through creative financing products, like the Renter Wealth Creation Fund.

A woman sitting on a couch


Support the Renter Wealth Creation Fund and help create new wealth building opportunities for renters.

Socially motivated investors can disrupt a system that disadvantages renters, help close the wealth gap, and benefit from investing in new wealth-building opportunities for renters.

Impact Environment Social Governance
Creates new wealth-building opportunities while keeping rents affordable. Benchmarked utility savings can catalyze energy-efficient retrofits and reduce greenhouse gas emissions. Housing affordability and stability converge with wealth creation opportunities. Our approach is directly informed by resident input.

Stable Performance 

Affordable housing offers a unique investment alternative to other real estate investments:

  • Consistent cash flow from generally steady occupancies.
  • High demand for rental homes due to a chronic shortage of affordable rental homes.
  • Compelling discounts to market rents provides stability through various market cycles. Past performance is no guarantee of future results. 

Every property the fund invests in meets Enterprise’s stringent due-diligence criteria and credit standards. By investing in stabilized affordable and workforce homes, the fund avoids common real estate risks that emerge during construction or lease-up periods, such as supply chain disruptions, labor shortages or new marketing costs.

Fund Management 

With a decade of fund management experience, Enterprise’s Real Estate Equity team manages over $1.5 billion in assets while having preserved and improved more than 16,000 homes. It has strong repeat investor participation and is always identifying new investor partners to work with to further its impact.

Investment Information
Interests in the Renter Wealth Creation Fund are limited to 'accredited investors' (as defined in Regulation D promulgated under the Securities Act of 1933, as amended) and 'qualified purchasers' (as defined under the Investment Company Act of 1940, as amended). The minimum investment amount is $500,000.

Invest with Us
Enterprise Equities, Inc., an affiliate of Enterprise Community Investment, Inc, will act as the primary placement agent for the Renter Wealth Creation Fund. Enterprise Equities, Inc. (“EEI”) is a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”). For additional information on EEI, visit

A man holding a piece of paper


Partner with The Renter Wealth Creation Fund and help create new wealth building opportunities for renters.

Nonprofit and for-profit developers can disrupt a system that disadvantages renters by:

  • Preserving critically important affordable homes
  • Implementing programs that create new wealth-building opportunities for residents

See Our Term Sheet

Learn More
How the Renter Wealth Creation Fund Works
  1. The Renter Wealth Creation Fund raises capital from philanthropic and private investors and invests this capital in properties across the country to:
    1. keep rents affordable
    2. provide resident services
  2. As the property thrives, a portion of profits (cash flow) are distributed to the fund, and the remaining portion is left with the property to fund a cash back rewards program for residents (distributions are not guaranteed and can be modified):
    1. Investors earn a target financial return of 4% per year – a fair and strong target on a risk-adjusted basis.
    2. Residents may receive monthly cash back via Stake as well as access to resident services.
  3. With more cash in their pockets, residents bring greater spending power, and tax revenue, to the community. As the saying goes, a rising tide lifts all boats.
  4. As the property continues to thrive, long-term profits are made possible if and when the property is sold or refinanced.
    1. Investors receive a targeted financial return of 4%.
    2. Long-term residents are expected to receive 80% of the financial upside thereafter as an additional cash-back reward.

Investors earn for keeping rents affordable, lowering utility costs and greening the community. Residents – the lifeblood of the community – earn from making their community flourish.

Risks: Private Placements and Direct Participation Programs are speculative investments and involve a high degree of risk. These risks include, but are not limited to, lack of liquidity, limited transferability, conflicts of interest, economic and real estate fluctuations based upon a number of factors, which may include changes in interest rates, laws, operating expenses, and tenant turnover. There can be no guarantee that any investment will be successful. All investing involves risk, including potential loss of principal. A detailed discussion of the “risk factors” related to the Renter Wealth Creation Fund (the “Fund”) are included in the Private Placement Memorandum.
Suitability: Direct participation programs are only suitable for investors who meet certain income and net worth criteria, can support the illiquid nature of the program and sustain the total loss of their investment. The Fund described herein is open to “accredited investors” (as defined in Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”) and "qualified purchasers” (as defined under the U.S. Investment Company Act of 1940, as amended) only, through an offering made in reliance on Regulation D, Rule 506(c) of the Securities Act. In purchasing securities through a 506(c) offering, we are obligated to verify any participating investor’s status as an “accredited investor” in accordance with Rule 506(c) of Regulation D.
Forward-Looking Statements: This site may contain forward-looking statements relating to the objectives, opportunities, and the future performance. Forward-looking statements may be identified by the use of such words as: “expects,” “believes,” “anticipates,” “hopes,” “plans,” “may,” “can,” “will,” “estimates,” “should,” “potential,” and other similar terms. The absence of these words does not mean a statement is not forward-looking. Examples of forward-looking statements include, but are not limited to, information concerning future strategic objectives, expected financial positions, industry or market conditions guidance, results of operations and cash flows, financing plans, business strategies and expectations, operating plans, liquidity, and success or lack of success of any particular investment strategy. All are subject to various factors that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward-looking statements. None of Enterprise Community Investment, Inc. or any of its affiliates assume any obligation to update any forward-looking statements as a result of new information, subsequent events or any other circumstances. All statements made herein speak only as of the date that they were made.
Disclaimer: The material provided in this website is for information purposes only. It does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation of any interests in the Fund or any other securities, products or services by Enterprise Community Investment, Inc., its placement agent Enterprise Equities, Inc., or any affiliate. Any such offering of the Fund’s interests will be made only in accordance with the terms and conditions set forth in the Fund’s Private Placement Memorandum, which includes the applicable risk factors, and should be read before investing. Enterprise Community Investment, Inc., Enterprise Equities, Inc. and any affiliate do not represent that the securities, products, or services discussed herein are suitable for any particular investor. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice. Investors should be aware that a total loss of principal may occur.