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.
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.
Enterprise’s Equitable Path Forward reached its $350 million Growth Fund goal in just one year, enabling investment in affordable housing providers of color nationwide.
Elise Balboni is named president of Enterprise Community Loan Fund, one of the largest nonprofit community development financial institutions in the country.
Enterprise Community Partners (Enterprise) announces a grant for Black, Indigenous and People of Color (BIPOC) and other historically marginalized (OHM) real estate developers in the three regions listed below are eligible for organizational capacity building and project-related funds from Enterprise through a $5 million grant from the Amazon Housing Equity Fund (HEF).
Enterprise has extended a $2.3 million line of credit to Dabar Development Partners to support and help grow the firm’s affordable housing development in the New York City area.
Enterprise has named Lori Chatman president of its Capital Division, which oversees the full suite of Enterprise's equity, debt and tax credit products to the affordable housing and community development industries.