Lawmakers have introduced bipartisan legislation that would make the New Markets Tax Credit a permanent part of the tax code, solidifying a program that has supported more than 8,500 business and community-driven projects and created more than a million jobs across the country since it was created in 2000.
Among the top priorities for President Trump: dealing with the expiration of the President’s hallmark tax law passed in 2017, the Tax Cuts and Jobs Act (TCJA). The expiration provides a once-in-a-decade opportunity to move major tax legislation, dubbed the “the Super Bowl of tax” in Washington circles.
The 2025 Social Return on Investment report highlights the performance and impact of Enterprise’s CDFI, the Enterprise Community Loan Fund, and its role in advancing locally driven economic development.
The Enterprise Capital Continuum illustrates how philanthropic and investment capital can work together — across grants, debt, equity, and tax credits — to advance affordable housing and community development while aligning with impact and return goals.
Enterprise is one of 142 awardees nationwide and among just 13 organizations to receive $90 million, placing it among the top recipients in the competitive process.
On September 10, the House Ways and Means Committee released legislative text of infrastructure and community development tax provisions, which includes historic investments in all of Enterprise’s key affordable housing and community development tax priorities.
President Biden has released his request for the fiscal year (FY) 2023 budget, kicking off the start of the FY23 appropriations cycle now that the FY22 omnibus has been enacted.
Elise Balboni is named president of Enterprise Community Loan Fund, one of the largest nonprofit community development financial institutions in the country.