Enterprise has prepared an application for funding in response to HUD’s Notice of Funding Opportunity, Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition and will be hosting a public hearing and comment period.
Enterprise released the study, Investing in Communities Along the Purple Line: 2024 Capital Needs Analysis outlining the capital, complementary policies, and capacity needed to meet the 17,000 affordable home goal for the Purple Line corridor.
Enterprise has closed on the financing for the development of 76 new affordable apartments, Park Montgomery West, and the renovation of the 141-unit Park Montgomery Apartments, an existing apartment community located at 8860 Piney Branch Road in Silver Spring, Maryland.
Enterprise has closed on financing for Edgewood Commons V, consisting of nearly 800 affordable homes and part of the larger Edgewood Commons campus located in Northeast Washington, D.C.
With the Purple Line projected to open in late 2027, Enterprise commissioned a Capital Needs and Nonprofit Capacity Analysis to determine what resources are still needed to meet the Purple Line Corridor Coalition’s goal of 17,000 affordable homes.
Make It Home Cleveland is a program committed to giving people living in tax-forfeited properties the chance to become the homeowner of the property before the property is sold to someone else.
Our Social Return on Impact report showcases stories of impact and resilience of some of the residents of HopeWorks, a housing and jobs training development in the Pacific Northwest. Read how this uniquely innovative project, supported by impact investments from Enterprise, is helping people who once experienced homelessness regain stability.
Enterprise’s Preservation Next Academy is a series of publicly available, no-cost virtual training sessions designed to assist affordable housing developers, practitioners, and advocates with guidance to acquire, rehabilitate and preserve the affordability of homes located in unsubsidized small- to medium-multifamily (SMMF) properties, prevent displacement of residents at risk of eviction, and advocate for preservation minded policies, programs, and resources.
Enterprise is collaborating with FIHPP technical assistance (TA) partners –The California Community Land Trust Network, Community Vision, and Genesis LA - to provide a webinar series and individual TA as prospective borrowers gear up for the release of FIHPP funds. Sessions will be accompanied by guidance and template documents that will help mission-driven developers prepare for participation in the program, as well as long-term success as stewards of affordable housing.