Enterprise has extended a $2.3 million line of credit to Dabar Development Partners to support and help grow the firm’s affordable housing development in the New York City area.
Financed by Enterprise's Preservation Equity funds, the preservation of Huntington Towers in New London, Conn., helped keep rents affordable while implementing thoughtful upgrades for 120 senior households.
Elise Balboni is named president of Enterprise Community Loan Fund, one of the largest nonprofit community development financial institutions in the country.
Enterprise has named Lori Chatman president of its Capital Division, which oversees the full suite of Enterprise's equity, debt and tax credit products to the affordable housing and community development industries.
Enterprise’s Equitable Path Forward reached its $350 million Growth Fund goal in just one year, enabling investment in affordable housing providers of color nationwide.
Enterprise recently closed three Denver Regional Transit-Oriented Development Fund deals, which brings its total investments to $50 million and 2,100 homes.
Bisnow looks at programs that promote and fund the projects of Black developers, including Enterprise's Equitable Path Forward and Let’s Build Accelerator.