Enterprise was founded on the principle that an affordable home is essential to a good life. Forty years later, as rents continue to rise and affordability is threatened across the country, Enterprise remains committed to creating and preserving the affordable homes our communities rely on.  The first pillar of our Strategic Plan is “Increase Housing Supply,” and on that measure, 2021 was a record-setting year. 

The Low-Income Housing Tax Credit (housing credit) is our nation’s most effective tool for creating and preserving affordable housing. Thanks to our partners, this is what Enterprise’s housing credit investments business accomplished in 2021: 

• We invested $1.56 billion in affordable homes, setting a new record for the third consecutive year.
• Our investments created or preserved 9,700 affordable homes in 97 developments spread across 24 states and the District of Columbia. These homes will provide housing for an estimated 25,000 people and create 16,000 jobs in their construction and operation, according to an analysis by the National Association of Home Builders.
• To make all these investments, we deployed 14 single-investor funds and, in another record, we raised $800 million in four new multi-investor funds. (Read more about our 2021 multi-investor funds.)
• We welcomed five new investors who joined 29 repeat investors. Our committed group of investor partners recognizes the incredible impact an affordable home can have on individuals and communities.

Enterprise’s housing credit investments business has cumulatively raised and invested $17.7 billion in 2,600 housing credit developments across all 50 states, the District of Columbia and Puerto Rico, creating and preserving 184,000 affordable homes.

These accomplishments would not be possible without the trust, talents and partnership of the many investors and developers who work with us to maximize the impact we make in communities across the country.

We also couldn’t raise and invest capital at this scale without our best-in-class syndication and asset management teams who have provided such reliable service to our partners despite the ongoing pandemic.

Even as we look back, we march forward: Enterprise’s housing credit investments business will continue to grow our impact in 2022 as we carry out our mission to increase the supply of affordable housing nationwide. As always, we encourage new investors and developers to join us.