Enterprise Community Investment 2014 Investor Report
The Enterprise platform of products, services and solutions is designed to advance our mission of connecting families to opportunity through affordable homes while also meeting the needs of investors and partners.
Enterprise invested $2.7 billion to create or preserve more than 16,400 quality, affordable homes last year. We remained one of the nation’s leading Low-Income Housing Tax Credit syndicators, investing $620 million in 64 developments. As a top New Markets Tax Credit allocatee, we invested $47 million in communities across the country. And we further solidified our position as an emerging permanent debt lender with Bellwether Enterprise Real Estate Capital acquiring Towle Financial Services to broaden our reach. Bolstering our diversified suite of investment products, we closed our second multi-tiered fund featuring targeted Community Reinvestment Act opportunities.
This $271 million housing fund will finance 40 developments across 18 states. Through our new Multifamily Opportunity Fund, a conventional equity product, we helped create or preserve and improve 1,200 homes. And we are exploring new products to increase the investment in solar installations on affordable multifamily buildings as well as energy efficiency and renewable energy projects.