Even as inflation cools, housing costs for most Americans remain at unsustainable levels. Historically, manufactured homes have been a critical part of the affordable housing landscape, serving low- and moderate-income Americans and in communities where other affordable homes are often unavailable.

The demand for community development capital is as great as it has ever been, as economic conditions create critical financing gaps that cannot be met by the conventional marketplace. Enterprise and LISC recently teamed up to analyze the landscape for CDFI investments to date, both documenting market activity and providing a clear menu of potential opportunities for investors. .

Highlights of the four provisions in the groundbreaking Inflation Reduction Act that will benefit affordable multifamily housing.

Standard & Poor’s Global Ratings (S&P) has upgraded its issuer credit rating for the Enterprise Community Loan Fund (ECLF)—the community development financial institution (CDFI) of Enterprise—and its long-term rating on ECLF’s series 2018 taxable sustainability bonds from “A+” to “AA-.”

Nearly 80% of formerly incarcerated people and their families report being denied housing due to a criminal conviction. That’s according to a 2015 study led by the Ella Baker Center for Human Rights, Forward Together, and Research Action Design, which also found that formerly incarcerated people are 10 to 13 times more likely to experience homelessness than those who have not been incarcerated.  

Second Chance Center, a Colorado-based nonprofit dedicated to helping formerly incarcerated people transition back into society, celebrated a major milestone with the groundbreaking of its latest property, Residences on Acoma.

These eight properties show the full scope of affordable senior housing developments supported by Enterprise Community Loan Fund.

Housing instability and low-quality homes contribute to a variety of mental and physical health problems. To address the health implications of housing scarcity, health care provider Kaiser Permanente and Enterprise Community Loan Fund – Enterprise Community Partner’s community development financial institution (CDFI) – launched the $100 million RxHome Fund in 2018. The goal? To create and preserve safe, affordable multifamily rental homes for low-income residents across Kaiser Permanente’s service area.

Enterprise, in partnership with Freddie Mac, will host the inaugural National Tribal Housing Ecosystem Summit in Boise, Idaho, from August 27 to 29.