Denver Transit Oriented Development Fund For Affordable Housing

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By JohnPosted In: Enterprise Community PartnersTagged: , , , , ,

Enterprise Community Partners, the Urban Land Conservancy (ULC), the City and County of Denver, and several other investors have combined to found the first affordable housing TOD acquisition fund in the United States.

The purpose of the TOD Fund is to support the construction of up to 1,200 low cost living units through property acquisition in current and future transit areas. The Fund addresses a real estate market paradox: when economy activity is down, property values are down making bargain buys. However, there isn’t money or affordable housing developers. Today there is a great opportunity to purchase real estate around proposed transit stations and prepare affordable housing before the FasTracks light rail is operational.

Enterprise Community Partners, a nationwide nonprofit, donated the first $15 million to enable the Fund to get going in 2010.

Enterprise Community Partners Turns 25

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By JohnPosted In: Enterprise Community PartnersTagged: ,

Baltimore County Executive James T. Smith, Jr., Baltimore County Councilman Kenneth N. Oliver, District 4, and other state and local dignitaries joined Enterprise Homes, Inc. to celebrate the company’s 25th anniversary at a “topping off” and
flag raising ceremony at The Greens at Liberty Road in Randallstown, Md. When completed, the new green apartment building will feature 105 affordable rental homes for low- and moderate income seniors.

The $15.6 million Greens at Liberty Road is one of six developments totaling 600 homes now being developed or slated to close on financing by Enterprise Homes, which is celebrating 25 years as a leading developer of affordable and mixed-income communities in the mid-Atlantic region.

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