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Affordable Housing Outlook for 2023: Cloudy with Cause for Optimism

Rising interest rates and market volatility will cloud the outlook for affordable housing development in 2023, and a divided Congress will make it difficult to pass legislation to enable more affordable housing. Despite these challenges, Scott Hoekman, president of Enterprise’s Housing Credit Investments business, sees reason for optimism in the New Year.

December 19, 2022

Low-Income Housing Tax Credit

Policy 

Blog

Reflecting on 2022 | Advancing Racial Equity, Housing Supply and Resilience

While the end of the year is always busy for everyone – personally and professionally – it is also a time for reflection

December 19, 2022

Preservation and Production

News

Congress Fails to Make Permanent Critical Disaster Recovery Funds

Congressional leaders overnight released text of a $1.7 trillion spending package to keep the government funded through next September. Lawmakers failed, however, to make permanent critical disaster rebuilding aid.

December 20, 2022

Resilience

Policy 

bio

Flora Arabo

National Senior Director of State and Local Policy

News

A person wearing a hard hat and standing with their arms folded

HUD Section 4 Capacity Building Grants - NOW AVAILABLE

The Section 4 program is to develop the capacity and technical capabilities of Community Development Corporations (CDCs) and Community Housing Development Organizations (CHDOs).

December 20, 2022

Partner Sustainability and Growth

Section 4

Blog

FY23 Omnibus Spending Bill Mixed Bag for Affordable Housing

The fiscal year 2023 omnibus appropriations bill just released by Congress includes strong funding levels for many affordable housing and community development programs, which is particularly important given the impact inflation has had on people across the country.

December 20, 2022

Policy 

Blog

Enterprise Closes Three High-Impact New Markets Tax Credits Projects

Enterprise shares the closing of three high-impact NMTC developments this past November after receiving a $55 million New Markets Tax Credit (NMTC) award from the U.S. Treasury Department’s Community Development Financial Institutions Fund recently – marking our 15th award and over $1.1 billion received to date.

December 21, 2022

New Markets Tax Credit

Rocky Mountain

Southern California

Blog

Services in Housing: An Opportunity to Strengthen America's Public Health Infrastructure

Strengthening America’s Public Health Infrastructure with Resident Services

Enterprise developed a series of issue briefs to explore the role that housing-based services play in strengthening our public health infrastructure, and how they can advance health equity.

January 5, 2023

Health and Housing

Housing Affordability Breakthrough Challenge

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What is the Housing Affordability Breakthrough Challenge?

The challenge is a grant competition designed to identify, accelerate, and scale implementation-ready breakthrough ideas that promise new ways to create housing affordability across three focus areas: Construction, Financing, and Access and Resident Support.

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How is “affordable housing” defined in the challenge?

We will consider proposals whose innovation serves a majority (greater than 51%) of residents at these income levels:

Rental: 80% AMI or below
Homeownership: 120% AMI or below

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