Enterprise announced that it has been awarded a $500,000 grant from the Federal Home Loan Bank of New York (FHLBNY) to advance racial equity in affordable housing and real estate development in New York State. With the funding, Enterprise will provide consulting and advisory services to up to eight affordable housing developers led by BIPOC housing providers.

Of the $99.4 million budgeted for five years, about $40 million is expected to be distributed in loans and $40 million is to be spent as grants, said Mark McDermott of Enterprise Community Partners. The balance would cover the program’s administrative costs and some initial landlord costs, such as for lead testing.

$15.2 million Low-Income Housing Tax Credit (Housing Credit) deal to transform a wing of the historic former Catholic school Villa Maria Academy into Angela’s House, a six-floor building with 67 affordable senior (55+) apartments, including 21 units of supportive housing set aside for homeless seniors.

In a virtual hearing called “Building Back Better: Investing in Equitable and Affordable Housing Infrastructure,” leaders from Enterprise Community Partners, the National Low-Income Housing Coalition and PolicyLink spoke to the importance of housing as a catalyst for equity and opportunity.

How do you make affordable rental housing healthier, more supportive places to live? Shelterforce magazine profiles some of the forward-thinking leaders paving the way, including Preservation of Affordable Housing, a 2020 Housing Affordability Breakthrough Challenge winner.

support technical assistance for applicants and awardees in the Governor’s proposed expansion of Homekey. Facebook’s funding will allow Enterprise to build on its support of the Governor’s successful Homekey program.

Enterprise announced a $20 million commitment from Charles and Lynn Schusterman Family Philanthropies (Schusterman), along with $5 million from the Community Investment Guarantee Pool (CIGP), toward Equitable Path Forward.

Bank of America Community Development Banking, in partnership with Enterprise, is investing $60 million – $30 million in loans and $30 million in equity financing – to support Enterprise’s Equitable Path Forward.