Low- and moderate-income Californians —especially those from communities of color—are at serious risk of displacement due to the growing gap between wages and housing across the region.

We pair program and policy with financial tools to advance affordable housing solutions that are designed to keep families with low incomes in their homes and in resource-rich communities across northern California for generations to come. We center racial equity across all of our work to dismantle the legacy of systematic racism in housing, close the growing racial wealth gap, and celebrate the rich diversity of our California communities.

Some of our key programs include:

  • Bay Area Housing Finance Authority (BAHFA):  protects current residents from displacement, preserving affordable housing and producing new affordable housing. We co-lead BAHFA and the development and implementation of pilot programs designed to support residents now, while positioning the region to secure catalytic resources that will sustain the work into the future. 
  • Preserving Affordable Homes: elevates preservation as a proven anti-displacement and affordable housing solution by providing technical assistance to public agencies, housing developers and community-based organizations. We develop policies, foster cross-sectoral collaboratives and trainings, and advocate for increased funding, financing tools, and innovation at the local, regional, and state level. 
  • Climate-Sustainable and Equitable Communities: builds partnership and unlocks resources to create thriving, affordable, climate-smart communities while improving the health and financial well-being of low-income communities across California. Programs include the Affordable Housing and Sustainable Communities (AHSC) program, which has brought more than $3.2 billion to advance ambitious equitable housing and transportation investments.   
  • Central Valley Housing Initiatives: facilitates local and regional cross-sector collaboratives to advance housing solutions across the Central Valley’s eight counties, a region that has faced historic disinvestment and unique housing challenges compared to cities on the coast. Rooted in community-voice and data, our goal is to mitigate displacement risk and produce and preserve affordable housing through programmatic and policy interventions 
  • State and Regional Policy: builds coalitions and advocates for policies that center the needs of those disproportionately impacted by the housing crisis. Efforts include partner sustainability, reaching regional housing production goals, a next-generation regional transit-oriented communities’ policy, a statewide agenda for preservation, and state and regional ballot measures for affordable housing funding.

A Place to Call Home

Our local market team has already helped create or preserve more than 32,200 affordable homes across the region, leveraging more than $3 billion in capital. Learn more about the recent communities our team has supported.

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Rendering of CHISPA on Vista de la Terraza building

CHISPA on Vista de la Terraza
Enterprise congratulates CHISPA on Vista de la Terraza, which will preserve 40 affordable homes for families and farmworkers in Salinas. The renovation will include important safety measures and a beautiful new community garden. Enterprise Community Loan Fund proudly provided a $7.1 million construction loan.

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Street view rendering of Mutual Housing with a family biking and cars driving by

Mutual Housing
Enterprise congratulates Mutual Housing on the financial closing of San Juan Apartments in Sacramento. Located near public transportation and the redeveloped Fruitride Shopping Center, this development will provide 113 affordable homes. Enterprise Housing Credit Investments is proud to be one of the partners by arranging a $29.1 million equity investment on behalf of an investor partner.

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Streetview of Kifer Senior Apartments in Santa Clara with people passing by on the sidewalk

Kifer Senior Apartments in Santa Clara
Enterprise joins Adobe Housing Development in celebrating the grand opening of Kifer Senior Apartments in Santa Clara. This community provides 79 homes for seniors, with 54 reserved for those experiencing homelessness. Enterprise is proud to provide nearly $24 million of equity investment.

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Entrances of the two El Dorado Apartments in San Francisco, California

El Dorado Apartments in San Francisco
Congratulations to The John Stewart Company and Conard House on the financial closing of El Dorado Apartments, a development near public transit and community services. Conard House will preserve and substantially renovate 62 affordable homes for those experiencing homelessness and/or mental health challenges. Enterprise Housing Credit Investments is proud to bring $20.8 million in equity investment.

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Rendering of Pleasant Grove Apartments along a neighborhood block with trees and cars

Pleasant Grove Apartments
Congratulations to Mercy Housing California on the recent financial closing of Pleasant Grove Apartments Phase 1 in Roseville. This development will provide 49 new affordable homes for families with services focused on health and wellness, life skills, and financial literacy. Enterprise Housing Credit Investments is proud to have provided a $21.6 million equity investment on behalf of Capital One, National Association.

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Aerial view of apartment buildings with a community and mountains in the background

Eden Housing
With Section 4 resources and funding, Enterprise supported Eden Housing’s efforts to reduce greenhouse gas emissions through electrification at their family and senior housing communities across California. Eden Housing serves a diverse population of 22,000 residents with limited incomes.

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Rendering of an apartment building planned for development

North Housing Senior in Alameda
Congratulations to the Alameda Housing Authority on the financial closing of North Housing Senior. Located in Alameda Point, this development will provide 64 homes for seniors and is well-served by public transit, including a new ferry terminal, and neighborhood parks. Enterprise Housing Credit Investments provided $23.6 million in equity to fund this project.

Related Resources

Case Study: Impact of Housing and Education Partnerships on Transition Age Youth

This issue brief explores the housing needs of transition age youth and the barriers they face to accessing services.

Read the case study

Bay Area Success Stories

Our 2023 Social Return on Investment Report dives deep into innovative developments in one of the state’s highest-need areas.

Read the report

California Affordable Housing Pipeline Analysis

This brief outlines the latest data on the Pipeline and four key actions that federal and state leaders can take to unlock and scale affordable housing.

Read the analysis

The 2024 Bay Area Pipeline Report

Created in partnership with the Bay Area Housing Finance Authority, this report provides an update on all affordable housing in predevelopment. 

Read the pipeline report

Affordable Housing and Sustainable Communities Program Impact Report

This report captures the impact of California’s Affordable Housing and Sustainable Communities Program through seven rounds of funding.

Read the impact report

 

California's Homekey Program

This report details California's Homekey Program and describes the role of Enterprise in providing technical assistance to Homekey applicants.

Learn about the program

Funder Spotlight

Chan Zuckerberg Initiative

The Chan Zuckerberg Initiative’s Housing Affordability team is advancing a “4P” agenda to produce more housing, preserve existing housing, protect residents from displacement and prevent homelessness. Their support is driving local, regional, and statewide efforts to preserve the affordability of unsubsidized small-to-medium multifamily housing that serves most low-to-moderate income renters in California.

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Arnett Watson front facade from street
We are here for impact. Join Us.

Meet Our Team

Geeta Rao headshot

Geeta Rao

Senior Director, Northern California Market

Offices

Contact Us

San Francisco

Enterprise Community Partners
101 Montgomery Street
San Francisco, CA 94104
United States

415.395.9405