Guest Blogger: Rachel Reilly Carroll, Associate Director for Impact Investing, Enterprise, A coalition of public, private and nonprofit investors has created a new financing tool that will provide critical, low-cost loans for nonprofit and for-profit developers to purchase sites near existing or emerging transit-accessible areas.
Affordable, quality housing is central to improving the lives of low-income people. Preserving and producing these homes draws on multiple sources of financing—and none is more important than the Low-Income Housing Tax Credit (Housing Credit).
This week Enterprise Community Investment announced it has syndicated $14.75 million in low-income housing tax credit equity provided by investor American Express to help finance the $29 million, 70-unit development close to public transportation in Denver.