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Enterprise Closes $440M LIHTC Funds
Enterprise Community Partners closed Enterprise Housing Partners Funds XLI (EHP 41) and XLII (EHP 42), securing $444.47 million from 19 investors. These Low-Income Housing Tax Credit funds will preserve and create 3,500 homes across 30 properties in 16 states, reinforcing Enterprise’s substantial $20 billion investment in affordable housing, preserving nearly 200,000 homes nationally.
The investments in EHP 41 and 42 will generate over 5,200 jobs and an estimated $795 million in wages, tax revenue, and business income. Notable projects include the rehabilitation of Yosemite Apartments in San Francisco and the construction of Escalante Meadows in Guadalupe, California, both catering to low-income households and expected to be finished by 2024.
“Through EHP 41 and 42 and with the support of our investors, we’re building and protecting critically needed housing across the country, from rural areas threatened by climate change to urban cores struggling with the homelessness crisis,” said Scott Hoekman, president of Enterprise’s housing credit investment business.
- ◦Financing
