Research reveals that 395 affordable housing developments are in various predevelopment stages but $7.6 billion in public financing is needed to move the 32,944 affordable homes forward.
A cohort of organizations across Northern and Southern California is working to advance their preservation pipeline with a wide range of support from Enterprise.
On her first day in office, new Los Angeles Mayor Karen Bass announced a state of emergency on homelessness and days later launched “Inside Safe” to move people from tent encampments to housing. Jimar Wilson, Enterprise’s vice president and market leader for Southern California, finds this swift action and renewed investment encouraging. Still, he recognizes there are no quick or easy fixes to his hometown’s affordable housing and homelessness crisis.
Enterprise is now accepting applications for its Preservation Next cohort in California, designed to help small and medium multifamily homeowners preserve their properties and maintain affordability.
Our 2020-2025 Strategic Plan includes a new vision – a country where home and community are steppingstones to more – and a new mission to make home and community places of pride, power and belonging.
Marc Jahr and Geeta Rao discuss New York City’s Housing Development Corporation model financing affordable housing and the opportunities the Bay Area Housing Finance Authority can unlock following the successful passage of a bond measure.