While Colorado was once considered “relatively affordable,” that has changed over the past decades, said Jennie Rodgers, Enterprise’s vice president and market leader for Rocky Mountain and Tribal Nations and Rural Communities. In fact, affordable housing was rated the top concern people are grappling with across the state, according to a recent survey by the Colorado Health Foundation. “Right now, many people here are cost burdened, and many are even on the verge of eviction,” Rodgers said.
Enterprise, the Local Initiatives Support Corporation (LISC), and the Federal Reserve Bank of New York announced plans to publish the seminal text on community development and climate change, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods.
Enterprise convened its Central Midwest Equitable Path Forward (EPF) cohort in Chicago, where they heard from developers, consultants, funders, and other subject-matter experts on strategies to advance environmentally sustainable and healthy homes.
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.
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.
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.