Eight local organizations will share the CDO Fund’s first $750,000 in philanthropic funding, using it to enhance their work and support their communities throughout the recovery from Covid-19. The CDO Fund is part of Enterprise’s Equitable Path Forward initiative to dismantle the deeply-rooted legacy of systemic racism in housing and community development.

Enterprise announced today the recent closing of the Enterprise Housing Partners Fund XXXIV (EHP 34), a $199,577,500 multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises seven investors and will support the creation of 1,794 affordable homes across 14 properties in 10 states. EHP 34 is the first of four multi-investor funds planned by EHCI in 2021.

Enterprise Community Partners (Enterprise) announced the closing of an equity fund that would acquire and preserve $800 million in affordable and workforce homes. With $229 million in equity commitments, the fund exceeded its original $200 million target to become one of the largest preservation funds of its kind.