Enterprise's housing credit investments business is one of the largest Low-Income Housing Credit (LIHTC) syndicators in the country. We know that building affordable homes is a long-term commitment. Working with developers and investors, we are responsive and reliable through every stage of a property’s lifecycle from pre-development to disposition.

 

LIHTC/Housing Credit is the nation's leading financing tool for building and preserving affordable rental homes. 

Are you a Developer?

 

Are you an Investor?

Track Record

Investment Experience Social Impact
  • $20.7B Invested
  • $15.7B+ AUM
  • 20+ Years Average Senior Management Experience
  • Investments in All 50 States, D.C., and Puerto Rico
  • 201,000 Affordable Homes Created/Preserved
  • 2,791 Properties Created/Preserved
  • Impact in All 50 States, D.C., and Puerto Rico

Our Portfolio

We manage over 1,300 properties in our current portfolio (net of dispositions). That represents 201,000 homes and $15.7 billion in invested equity.

Our annual Trends Analysis report gives the latest stats on our portfolio and strength.

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LIHTC portfolio pie chart shows 32 percent of the property size are 1-50 homes, 26 percent are 51-100 homes, 26 percent are over 101 homes
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LIHTC portfolio by population pie charts shows 58 percent are family, 23 percent are senior, and 23% are supportive housing
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LIHTC by location pie chart shows 64 percent urban, 20 percent suburban, and 16 percent rural

How We Partner with You

We’re an active listener and a proactive partner. First, we get to know you and your goals so we can recommend the best financial structure for your deal. Then, with a staff committed to providing best-of-class service, we support you over the duration of the transaction.

  • We meet your goals with a range of single- and multi-investor low income housing tax credit funds.
  • Enterprise doesn’t end with tax credits. With our broader suite of equity and debt products, we can meet any additional capital needs you have.
  • After closing, we provide fully-integrated asset management services to optimize both your investment and its impact long-term.

Our Housing Credit Investments team is committed to making home a place of pride, power and belonging. That's why we reinvest every dollar of net income back into the industry.

Asset Management

We're here for the entire lifecycle of your investment. Our fully-integrated Asset Management team handles everything from compliance obligations to construction-monitoring, to reviewing your capital account for tax issues. Above all, we ensure that your investment is optimized and sustainable for the long-term.

  • We’re experienced working through the most challenging situations.
  • We detect potential issues quickly and partner with you to problem-solve.
  • At disposition, we help ensure the development’s long-term affordability and sustainability.

Asset management resources

A rendering showing Green Communities certified multifamily affordable housing under development with residents shown enjoying the property's courtyard.
DEVELOPERS
We’ve worked with over 1,000 nonprofit and for-profit sponsors across all 50 states, and pride ourselves on repeat, long-term relationships. From pre-development to disposition, we're with you every step of the way.

Reduce Uncertainty

We take the time to understand your goals. That way, you can rely on us to provide an informed recommendation that meets your needs. Our experienced team of originators has deep knowledge of local markets. We work with sponsors every day across the country. And we've cultivated a network of relationships with funders, policy leaders, and partners to support you.

Maximize Your Capital Raise

Decades of housing experience have taught us the value of creativity. To maximize your equity, we match your needs with the right financing and favorable terms. To amplify your return and your impact, we help structure the financing that works best for you. Partner with us to optimize your project’s capitalization and we'll help close your financing on your schedule.

Position Your Property for the Long-Term

Our fully-integrated Asset Management team is dedicated to ensuring that your property is sustainable for the long-term. We closely track operating partnerships and work with you when changes occur after a deal closes. Over the duration of the project, we closely monitor your account. And we’re proactive at the time of disposition—so that you can continue your work of creating good homes people can afford.

Shaking hands at construction sit
INVESTORS
Our team manages nearly $15.7 billion in assets in our portfolio. We do it by making stability, quality, and sustainability our priorities — it’s how we support what matters most to our communities and our investors.

In all, we’ve worked with more than 148 investors over our decades of experience. Join us to get the competitive returns you’re looking for while you make an investment that changes lives.

  • National Reach: Whether you want to meet Community Reinvestment Act (CRA) obligations, or add a stable asset class to your investment portfolio, we can help
  • Proactive Communication: We communicate clearly and often, and are responsive to your needs. You’ll gain access to industry-leading technology, including our state of-the-art portal
  • Responsible Disposition: We work with you at Year 15 to ensure the responsible disposition of your investment, so you can continue developing good homes people can afford.

Fund Offerings

Enterprise pioneered Low-Income Housing Tax Credit investments from the start, helping craft the original Housing Credit legislation and introducing a tiered fund yield structure in multi-investor funds.

Multi-Investor
(National)
Multi-Investor
(Regional-California)
Single-Investor
("Proprietary")
For more information regarding our Multi-Fund Offerings
please contact Danielle Hammann or Dan Cooper.
Customizable to your
investment needs

Portfolio

In 2023 alone, we closed over $1.73 billion in new property investments into 28 different funds and completed more than 119 dispositions. Our portfolio ranks among the highest performing in the industry.

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Portfolio chart that highlights 96.7% median physical occupancy, $11,687 median total revenue per unit, $8,857 median net operating income per unit, $542 median cash flow per unit, and 0.3 percent of portfolio rates at significant risk

Contact an Investment Specialist
Joey Castleberry

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Kate Chavez

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Dan Cooper

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Dani Etra

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Danielle Hammann

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Joseph Jones

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Anna Zelinsky

Contact one of our investment specialists to learn more about our Low-Income Housing Tax Credit investment funds. We offer multi-investor and single-investor (proprietary) funds.

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Woman at the doorway taking off her shoes. Potted plants are arranged at the entrance.
Social Return on Investment Report
Our Social Return on Investment report highlights stories and metrics from our impact investing platforms. The report is part of our commitment to provide transparent and measurable accounts of our work.
white male and two Black women sitting at a table in discussion
35+ Years Working with Housing Credits
Since advocating for LIHTC in 1986, we’ve created or preserved 201,000 homes and invested $20.7 billion through housing credits.

 

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The Action Campaign logo
Join the campaign
Housing Credit president Scott Hoekman co-chairs the ACTION Campaign, a national coalition with more than 2,400 member organizations working to expand and strengthen the Housing Credit.

Meet Our Team

Joe Fusco

Joe Fusco

SVP, Chief Credit Officer, Housing Credit Investments