Earlier this year, the Biden-Harris administration announced a set of actions intended to address racial bias in the home appraisal process. The announcement followed a two-year effort led by the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), an inaugural task force comprised of 13 federal agencies and offices directed to evaluate the causes, extent, and consequences of appraisal bias, as well as establish recommendations to eliminate racial and ethnic bias from the home valuation process. The task force found that the legacies of past racist housing policies, along with industry practices that reinforce negative perceptions of neighborhoods with high concentrations of Black, Indigenous, and other people of color contributed to the under-valuation of homes in majority-BIPOC neighborhoods and the loss of billions of dollars in wealth for their owners.

Standard & Poor’s Global Ratings (S&P) has upgraded its issuer credit rating for the Enterprise Community Loan Fund (ECLF)—the community development financial institution (CDFI) of Enterprise—and its long-term rating on ECLF’s series 2018 taxable sustainability bonds from “A+” to “AA-.”

Enterprise is excited to announce a call for letters of intent (LOI) for the development and implementation of innovations to foster healthy and joyful aging in community. Innovation awards will be between $300,000 and $1,000,000.

The California Legislature has passed and Gov. Gavin Newsom has signed critical affordable housing legislation from streamlining development to unlocking local resources to strengthening tenant protections.

Our Northern California and Southern California teams have participated in conferences across the state, exploring the challenges in affordable housing.

Jacqueline Waggoner reflects on her three years leading Enterprise's Solutions division

In his first six weeks on the job, Shaun Donovan has visited 11 cities, met with dozens of partners and investors, and toured affordable housing properties across the country. The recent travels drove home the breadth and depth of Enterprise's work, mission, and partnerships. But as the organization's new CEO and president, Donovan believes Enterprise must expand its network to tackle the full scope of the country's affordable housing crisis.

The IRA offers unprecedented opportunities for the affordable housing sector. But there's no shortage of challenges, from determining eligibility for subsidies and tax incentives to prioritizing when and how to meet a variety of requirements. Among the emerging tools to help the field navigate this new terrain are SAHF's Multifamily Portfolio Carbon Emissions Roadmap and Momentum, a planning platform from Cadence OneFive.