Enterprise Community Partners Tag Archives

New CEO Named to Lead Enterprise Community Partners

Priscilla Almodovar has been named CEO of Enterprise Community Partners, following a unanimous vote by its board of trustees. Almodovar is a former Enterprise trustee and joins Enterprise from JPMorgan Chase. Prior to her time at JPMorgan Chase, Almodovar was CEO and president of New York State’s housing finance and mortgage agencies, where she is credited with transforming the agencies and leading them during the Great Recession.

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Bellwether Enterprise Closes $115 Million in Financing for 12 Affordable Housing Communities across the Southeast

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., announced the closing of $115,000,000 in financing to enable Atlantic Housing Foundation, Inc. to purchase 12 affordable housing communities across South Carolina, North Carolina, Virginia, Georgia, and Florida.

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Enterprise Blog Summarizes and Responds to Chairman Crapo’s Housing Finance Reform Outline

NH&RA member Enterprise Community Partner recently published a blog post on Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo’s (R-ID) housing finance reform outline. Vice President of Policy Development Andrew Jakabovics argues that eliminating the explicit commitment to affordable housing is a step in the wrong direction and that the housing finance system should be designed from the start to serve eligible borrowers of modest and mid-priced homes in the normal course of business and without special programs.

Enterprise and LIIF Partner to Manage New Bay Area Preservation Pilot

The northern California’s Metropolitan Transportation Commission has committed $10 million to launch the Bay Area Preservation Pilot (BAPP). Administered through Enterprise Community Loan Fund and the Low Income Investment Fund, BAPP will address a specific financing gap in the affordable housing market by offering 10-year term loans for the acquisition of affordable, market-rate rental properties.

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New York Times Highlights Enterprise and MetaProp Affordable Housing Technology Partnership

A New York Times article looks at how technology could help address housing affordability challenges. Matt Hoffman, vice president for innovation at Enterprise Community Partners, notes that Enterprise is seeking partnerships with tech companies with ideas that could change the market, such as new models between renting and ownership or squeezing new supply out of the housing that already exists

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