Enterprise's Danielle Hammann and Matthew Singh discuss the origins of the Equitable Upward Mobility Fund and how they hope it will ultimately improve lives and communities.
Many renters in the U.S. face significant barriers to buying homes and building wealth. That’s because renters are seven times more likely than homeowners to have no credit score. Rent reporting – the monthly reporting of tenant rent payments to at least one of the major consumer credit bureaus for inclusion on a traditional consumer credit report – is a strategy that can help renters build the credit they need for stable financial growth.
Look upward in downtown Detroit and you’ll see ornate skyscrapers built even before the city’s automotive-fueled heyday of the 1950s, when it was the richest city in the country. Lower your gaze, and the bevy of cranes offers signs of renewal. At street level, crowded restaurants and busy sidewalks create an urban buzz familiar to any city dweller. For Melinda Clemons, this activity is a positive sign, as her hometown builds back from the national foreclosure crisis in 2008 and municipal bankruptcy five years later.
School desegregation efforts haven’t been durable because we have failed to tackle the root cause – residential segregation, the undone work of the civil rights movement. A new report from the Urban Institute funded by Enterprise draws a through-line between discriminatory housing practices and school inequities, and identifies strategies to address school segregation.
Despite their real estate know-how, community insights, and cultural competence, housing developers of color have faced unparalleled obstacles accessing capital due to decades of systemic racism in housing. As a direct response to this systematic inequity, Enterprise launched Equitable Path Forward, a five-year, $3.5 billion initiative to build on our commitment to advance racial equity in the housing industry.
A Dream Deserved: Realizing Our Collective Emergence is the culmination of intense community engagement and dialogue in the District of Columbia’s Ward 8.
Enterprise has created a model of facilitated peer sharing and session topics to support housing opportunities for people impacted by the criminal legal system.