COLUMBIA, MD (April 22, 2025) – Enterprise Community Loan Fund, the community development financial institution (CDFI) of Enterprise Community Partners (Enterprise), announced today a significant milestone in its 34-year history: more than $3.1 billion lent to help finance affordable housing and critical community and economic development projects across the country.
One of the largest national nonprofit CDFIs in the country, Enterprise Community Loan Fund has achieved deep, broad, and demonstrable results since launching operations in 1991:
- 149,188 affordable homes created/preserved
- 591,700 health care visits facilitated
- 19,636 school seats established
- 7 million square feet of community and commercial real estate developed or rehabbed
- $31+ billion in total development costs leveraged
“Reaching $3.1 billion in lending demonstrates our commitment to expanding access to resources that help communities thrive. We’re incredibly grateful to our partners for enabling this deep level of impact,” said Elise Balboni, president of the CDFI. “With every dollar deployed, the Enterprise Community Loan Fund is supporting comprehensive community development—expanding access to affordable homes, high-quality education, essential health care services, and local business generation—helping more people build stability and opportunity in the places they call home.”
Enterprise’s CDFI has fueled transformative projects with long-term impact across the country, including:
Expanding educational opportunities in the Bronx with a $6.4 million mini-permanent loan for the new construction of DREAM Charter School facility in Highbridge, which will serve nearly 800 K-8 students in an energy-efficient building.
- Transforming an abandoned New Orleans building into an affordable clinic through a $2.5 million construction loan for the adaptive reuse of the long-vacant Bohn Motor Co. building. The new Federally Qualified Health Center, Odyssey House Louisiana, delivers addiction treatment, primary care, and behavioral health services to low-income community members.
- Preserving affordable housing in Berkeley, California, by helping the Bay Area Community Land Trust acquire and rehabilitate a property on Solano Avenue with a $3.2 million mini-permanent loan. North Berkeley’s first community of permanently affordable housing, the property will help prevent tenant displacement and create deeply affordable homes in a high-opportunity neighborhood.
- Creating a vital community resource in White Center, Washington, through a $12 million investment, including financing from Enterprise’s New Markets Tax Credit team. The White Center Community HUB will offer a 26,000-square-foot space for nonprofits, small business incubation, youth services, and community gatherings near Seattle.
- Providing emergency and supportive housing in Hawai’i after disaster through a $400,000 revolving line of credit for two shelters operated by Project Vision Hawai’i. Puʻuhonua O Nēnē on Maui is dedicated to wildfire survivors and unhoused individuals, while Ka Malu Ko’olau Kauhale on Oahu is a tiny home village that offers wraparound supportive services.
For more than three decades, the Enterprise Community Loan Fund has been a driving force in affordable housing and community development, leveraging impact-driven capital to create lasting change. This milestone underscores the power of mission-driven lending in building stronger communities nationwide.
About Enterprise Community Loan Fund
Enterprise Community Loan Fund (ECLF) is an affiliate of Enterprise Community Partners, a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands—all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org.