Enterprise Community Loan Fund (ECLF), the community development financial institution lending arm of national housing nonprofit Enterprise Community Partners, announced that leading impact investment firm ImpactAssets closed six new investments with ECLF’s Impact Note for a total of $11,525,000.

The NMTC is a “place-based” tax credit that drives capital to distressed and low-income Census tracts typically overlooked by traditional investment. Advocates say that making the credit a permanent part of the tax code is the most significant way to realize the full potential of the NMTC program.

Enterprise has released a new tool that provides a timeline of policy events that shaped housing outcomes for Black, Indigenous, and other People of Color (BIPOC) communities – from the first colonial settlements through present day.