Enterprise Closes Nearly $336M LIHTC Fund to Back 2,500+ Affordable Homes
Enterprise Community Partners announced $335.8 million in capital commitments for Enterprise Housing Partners Fund XLIX (EHP 49), the second-largest multi-investor Low-Income Housing Tax Credit (LIHTC) fund closed by the organization since its founding in 1982.
The fund will create or preserve 2,556 affordable homes across 14 states and Washington, D.C., providing stable, affordable housing for nearly 6,700 residents. Investments through EHP 49 are projected to generate nearly 3,950 jobs, $446 million in wages and business income, and $154.5 million in federal, state, and local tax revenue.
“This fund will allow us to deliver affordable homes at scale while fueling local economic growth and strengthening communities nationwide,” said Kari Downes, EVP and head of Enterprise’s housing credit investments business.
EHP 49 will support 23 developments, including new construction and preservation of existing affordable homes. Properties are in Alabama, California, Colorado, Florida, Georgia, Louisiana, Michigan, Missouri, Montana, New York, Ohio, Pennsylvania, Texas, Washington, and Washington, D.C.