Capital resources are crucial to preserving affordable housing in growing neighborhoods to enable residents with lower incomes to share in the benefits that accompany neighborhood investment. As an impact investor, Enterprise is committed to providing capital that can deliver financial returns and measurable social impact, no matter the community.    

This year’s Social Return on Investment Report examines the impact of Columbia Heights Village (CHV), a Washington, D.C. housing development that exemplifies this approach. Originally built in 1977, CHV provides 406 affordable homes to residents with low incomes in the heart of an opportunity-rich neighborhood. In 2017, Enterprise Community Loan Fund and Conventional Equity came together to provide the capital needed to preserve the affordability of CHV, a neighborhood landmark, in the face of rising housing costs.     

Enterprise is proud to focus the report where its work began more than 30 years ago, when founder James Rouse first joined with community groups in a nearby Washington, D.C. neighborhood to transform substandard properties into quality affordable housing. Rouse’s vision continues to guide Enterprise today.