Enterprise closed Enterprise Housing Partners Funds XXXVI and XXXVII, two Low-Income Housing Tax Credit funds, totaling $365 million from 17 investors.

Coalition for Responsible Community Development, an affordable housing developer based in Historic South Central, was awarded $6 million in financing from Enterprise Community Partners to build 50 apartments for low-income families in Boyle Heights and further its expansion goals.

Enterprise Community Partners is apart of a coalition of philanthropic and nonprofit partners who are piloting a new initiative in select neighborhoods in Los Angeles that is intended to stabilize small landlords whose tenants have been disproportionately impacted by the coronavirus pandemic.

Enterprise Community Partners (Enterprise) announced a $6 million financing commitment to the Coalition for Responsible Community Development (CRCD) to support its work providing affordable homes and services to working-class communities in East and South Los Angeles. As part of Enterprise’s Equitable Path Forward (EPF) initiative to invest in Black, Indigenous and people of color (BIPOC)-led housing providers, the funding will help finance the creation of 50 affordable apartments and augment CRCD’s ability to benefit the individuals and families it serves.

With commitments from 10 investors, Enterprise Housing Partners Fund XXXV will help create or preserve 2,529 affordable homes across 19 properties in 14 states.

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.

In the Los Angeles Times, Jacqueline Waggoner, an executive with affordable housing nonprofit Enterprise Community Partners says “Most affordable housing stock is not under tax credits or something else. It’s critical that we don’t lose what we have.”

Through Homekey, these 45 grantees received a combined $266 million from California’s federal Covid-19 relief and general funds to acquire hotels, motels, apartments and other buildings and created more than 2,300 interim or permanent, long-term homes for people experiencing or at risk of homelessness.