Our Priorities in the Gulf Coast
Enterprise began working in the Gulf Coast shortly after the 2005 hurricanes and resulting flooding devastated the region. We set an ambitious goal of being a catalyst for the development of 10,000 affordable homes in the region through the investment of more than $200 million in loans, grants and equity.
Our priorities in the Gulf Coast are to:
- Improve the capacity of local government and developers in the Gulf Coast to provide high quality, energy efficient for-sale and rental affordable housing and to utilize effectively public and private resources to support this work.
- Advocate for federal, state and local public policies to support high quality redevelopment of affordable housing
- Support a lasting infrastructure and production system for affordable housing development
- Demonstrate best practices in energy-efficient, mixed-income housing and community development through the redevelopment of the Lafitte public housing complex and the surrounding New Orleans neighborhoods of Treme and Tulane-Gravier.
- Apply lessons learned and best practices from Katrina recovery to other parts of the country experiencing disasters.
To date, Enterprise has:
- Invested nearly $450 million to support the production of more than 11,500 affordable homes in Louisiana and Mississippi, over 9,000 of which are now complete.
- Enterprise created the Louisiana Loan Fund (LLF) to help reduce risk and attract additional investment to the region. The LLF supported the construction of 1,128 affordable rental and single family for-sale homes.
- Supported the development of more than 2,500 green affordable homes.
- Supported the startup and ongoing leadership in new trade associations.
2015: Katrina 10
In 2005, we made a commitment to the Gulf Coast. See our progress.
2010: Five Extraordinary Years
Our work in the first five years after the destruction caused by Hurricane Katrina.