Enterprise Community Partners today announced the closing of the Equitable Upward Mobility Fund, a $190 million Low-Income Housing Tax Credit fund designed specifically to support economic mobility with a focus on racial equity.

Enterprise, California Department of Housing and Community Development, and Wells Fargo are bringing together 200 local and state stakeholders for “A Common Cause: Unlocking Homekey.”

In 2021, as the nation was still grappling with the effects of the Covid-19 pandemic, millions of American renters were facing another challenge – increasingly unaffordable housing. According to our latest analysis of data from the U.S. Census Bureau’s American Community Survey (ACS), the number and share of renters that year reporting rental housing cost burdens rose across all subsets of renters by race/ethnicity and incomes, with the largest increases observed among renters of color and those with extremely low incomes.

New Census Bureau data show that for the first time since 2015 more than half of all renter households have reported struggling to pay their housing costs.

Civil rights leader Shirley Sherrod and her late husband Charles devoted their lives to advancing voting rights, solidarity, and wealth building through land ownership. But for a new generation of housing leaders like Devin Culbertson of Grounded Solutions Network, a Housing Affordability Breakthrough Challenge winner, their story is much more than a history lesson. It’s an urgent call to action.