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Enterprise Community Investment, Inc. (Enterprise) is a national leader in investment capital and development services for affordable and workforce housing and community revitalization. Founded as a socially motivated for-profit corporation, we work in unison with our parent organization, Enterprise Community Partners, Inc. (Enterprise), to provide integrated products and services solutions that make affordable housing and community development a success.
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Over the past 25 years, Enterprise’s work has resulted in the investment of more than $7 billion in communities to produce more than 200,000 affordable homes and provide opportunity for those most in need.
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Our products and services solutions span the significant aspects of housing and community revitalization:
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Low-Income Housing Tax Credit Equity (LIHTC): As a leading national syndicator of LIHTC equity, Enterprise finds and structures investments that help meet the country’s critical affordable housing shortage. Enterprise is committed to guiding investments to serve our investor and developer partners and to advance sustainable, green building practices, preserve affordable housing units and provide supportive housing to meet the special needs of low-income people. Our expertise transitioning properties at the completion of the tax credit compliance period helps make long-term housing preservation a reality.
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New Markets Tax Credits (NMTC): The NMTC program is a catalytic financing tool for community development and revitalization. Enterprise is a top NMTC recipient, using these credits and Historic Rehabilitation Tax Credits to enhance financing for commercial and mixed-use projects that have a demonstrable impact on communities. Enterprise has financed a variety of retail, office, industrial and mixed-use real estate development.
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Mezzanine Debt: Enterprise offers a high-impact mezzanine debt product for investments in market-rate housing developments, some with an affordable component. Projects can be multifamily for-sale or rental, and are often located in transitional neighborhoods in metropolitan areas experiencing strong housing demand.
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Short-Term Lending: Loan products such as predevelopment, acquisition and working capital are available through Enterprise’s community loan fund—a certified Community Development Financial Institution. These short-term loans provide the up-front funds that are often the hardest resources to acquire.
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Long-Term Financing: Enterprise is a veteran provider of permanent debt for affordable multifamily rental housing using the Fannie Mae DUS product line. These mortgages provide critical financial resources for affordable housing, acquisitions, preservation and 501(c)(3) projects. We also offer a 40-year mortgage as a conventional taxable loan.
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Workforce Housing & Fund Management: Enterprise provides capital for the development of quality housing for families earning between 80 to 120 percent of area median income. These funds address the overwhelming need for workforce housing in communities where housing prices have risen beyond the means of essential community workers such as teachers, police officers, firefighters, civil servants and health care employees.
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Development: Enterprise Homes, Inc. creates homeownership and rental opportunities for families from all walks-of-life. Enterprise’s development expertise includes community planning, public/private financing, construction management and marketing.
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Asset Management/Compliance: Enterprise oversees a national portfolio of affordable housing properties to ensure project compliance and the delivery of low-income housing tax credits to investors. Asset Managers monitor properties from construction through lease-up and operations, for the duration of the 15-year compliance period. Specialized staff also develop disposition strategies for projects at Year 15.
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Models, Expertise and Resources: A comprehensive, online knowledge base provides Enterprise’s partners with tools and models for every phase of the development process.
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Public Policy: Enterprise is a leading advocate for protecting and advancing legislation, policies and programs that support and strengthen the critical work of community-based organizations.
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Enterprise has been at the forefront of community development for 25 years, often inventing the means to achieve previously unattainable goals. Enterprise was the catalyst for the Low-Income Housing Tax Credit, legislation that created the public-private financing model responsible for virtually all affordable, multifamily rental housing being produced today. Enterprise’s key strategic priorities bring together major resources to identify and address critical needs in communities:
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Green Communities, a $555 million initiative to build 8,500 sustainable, energy-efficient, healthy affordable homes
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Gulf Coast outreach to local community groups, policymakers and residents to advance rebuilding efforts in distressed Gulf Coast communities
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Supportive Housing Investment Partnership (SHIP), to create service-enriched housing and help end chronic homelessness
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Preservation of affordable housing through HUD Section 202 refinancing, Year 15 disposition strategies and partnerships with other financial intermediaries
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By connecting our core housing finance activities with economic development, supportive services and healthy sustainable housing options, and working with critical corporate and community leaders, Enterprise will continue to create communities of choice nationwide.
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Enterprise Community Investment, Inc.
American City Building
10227 Wincopin Circle
Columbia, MD 21044
T: 410.964.0552
F: 410.964.1376
www.enterprisecommunity.com
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