Research reveals that 395 affordable housing developments are in various predevelopment stages but $7.6 billion in public financing is needed to move the 32,944 affordable homes forward.

On her first day in office, new Los Angeles Mayor Karen Bass announced a state of emergency on homelessness and days later launched “Inside Safe” to move people from tent encampments to housing. Jimar Wilson, Enterprise’s vice president and market leader for Southern California, finds this swift action and renewed investment encouraging. Still, he recognizes there are no quick or easy fixes to his hometown’s affordable housing and homelessness crisis. 

This new affordable housing will be financed, in part, through a $53.3 million equity investment by Enterprise and Fannie Mae under the Low-Income Housing Tax Credit program.