March promises to be a crucial month for affordable housing. That’s when housing advocates anticipate the Senate may vote on a bill that could usher in the largest investment in affordable homes in decades. On January 31, the House passed a tax package containing two key Housing Credit provisions by an overwhelming 357-70 vote. The bill, the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) contained two key provisions that would bolster the Low-Income Housing Tax Credit (Housing Credit), which is responsible for financing nearly all affordable housing development in the United States.

Enterprise Community Partners today announced the closing of the Equitable Upward Mobility Fund, a $190 million Low-Income Housing Tax Credit fund designed specifically to support economic mobility with a focus on racial equity.

Enterprise's Danielle Hammann and Matthew Singh discuss the origins of the Equitable Upward Mobility Fund and how they hope it will ultimately improve lives and communities.

New Orleans Restoration Properties celebrated the grand opening of Grove Place, an affordable 32-home community, and announced Phase 2 development in the Hollygrove neighborhood of New Orleans.