Elise Balboni is named president of Enterprise Community Loan Fund, one of the largest nonprofit community development financial institutions in the country.
Atlanta’s historic Grove Park, well-known for its many neighborhood clubs, was once a prosperous community for Black families and businesses in the West Side. However, decades of discriminatory divestment eventually led to the neighborhood’s economic collapse, resulting in population decreases and school closures. Today, Grove Park has no supermarket and no pharmacy.
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.
Bisnow looks at programs that promote and fund the projects of Black developers, including Enterprise's Equitable Path Forward and Let’s Build Accelerator.
More than 300 years of exploitive and racist housing policies fostered many of the socio-economic inequities currently borne by Black, Indigenous, and other people of color (BIPOC).
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.