Aaron Goldman and his private real estate partners had a big idea: to more efficiently and effectively ensure affordable housing for Atlanta’s homeless. They collectively formed the Atlanta Real Estate Collaborative (AREC), and joined forces with Enterprise and Project Community Connections Inc. Their bold plan came together as the Open Doors program.
Open Doors is a citywide partnership of real estate experts, developers and building owners, nonprofit service providers and funders. The program places carefully-screened homeless families and individuals into available apartments across metro Atlanta, reducing both the number of homeless families and individuals, and the costs to care for them. It also provides property owners incentives to preserve their affordable housing units by bringing in qualified residents working toward self-sufficiency.
“We faced a big challenge – on any given night, over 6,600 people are without a home; another 18,000 are spared that fate only because they can stay with a friend or relative temporarily. I am proud to be working together with Enterprise, ensuring that so many people will never experience homelessness again.”
– Aaron Goldman
Since January 2015, not only is Open Doors exceeding the yearly goals for the number of families reached (over 1,100), it is also working quickly toward innovative system changes, including improved housing search technology and a rent reserve fund. Aaron and the AREC team provided not only expertise, but also crucial resources that have helped raise $1.7 million toward a $2.2 million campaign goal from their real estate peers, and the business and philanthropic community, to fund the first three years of the program.
The generosity of Capital One is making a substantial contribution toward Enterprise’s goal to end housing insecurity. Their $500,000 donation in 2015 helped support and expand an array of critical initiatives.
With Capital One’s assistance, we were able to develop several innovative “Pay for Success” models across the country. Also called Social Impact Bonds, these programs help raise private capital to target and address social challenges like the affordable housing shortage. In return, investors receive repayment when agreed-upon goals are met.
With Capital One’s support, we also helped deliver training and technical assistance while securing additional resources for our faith-based partners in Washington, D.C. We were able to increase the capacity and infrastructure of numerous nonprofit affordable housing developers in New Orleans — resulting in more affordable rental homes. We provided training to approximately 300 affordable housing professionals in New York to help meet the needs of low-income residents. And, in California, we helped develop a new web-based tool to uncover opportunities for future transit-based developments.
“Identifying innovative sources of new capital to address pressing needs in our communities is vital. Capital One is proud to support Enterprise Community Partners’ thought leadership in this area.”
– Mariadele Priest, Capital One Community Development Banking
Since 1995, Capital One has provided more than $5.6 million to support Enterprise’s mission of creating opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities.
With support from Citi and Citi Foundation, Enterprise is helping transform communities across America. Committing more than $2.5 million in 2015, Citi provides critical financing for affordable housing and program support to strengthen communities.
Citi supports development designed to maximize access to public transportation, known as transit-oriented development, so that low-income residents can benefit from better connected communities. Historically, investments in transit have led to increased rents and the loss of affordable housing. In Washington, D.C., Enterprise’s Green PATH program is working to preserve affordable housing near transit lines. And in Los Angeles, we are working with partners to ensure that low-income residents benefit from planned transit investments. Los Angeles residents pay an average of 65 percent of their income on housing and transportation – one of the highest rates in the country.
Citi is helping San Francisco to reimagine and stabilize public housing with its support of two programs:
Citi also invests with Enterprise Community Loan Fund to develop and preserve affordable housing and revitalize the surrounding communities. Citi’s investment with Enterprise provides critical flexible capital for affordable housing developers at all stages of development.
“Citi’s investment in Washington, D.C., is a direct result of the leadership of Enterprise Vice President and Market Leader David Bowers and his team. David is galvanizing leaders to create practical solutions to the housing insecurity crisis that’s impacting so many families in our region.”
– Diana Meyer, Senior Vice President, State Director for Washington, D.C., Citi Community Development
Since 1998, Citi and Citi Foundation have donated more than $13.3 million to Enterprise, supporting our belief that opportunity begins when people have a safe, healthy and affordable place to call home.
The support of the John D. and Catherine T. MacArthur Foundation is a tremendous asset to Enterprise’s goal to end housing insecurity. Their $1 million donation in 2015, evenly divided between Make Room and ImpactUS, is helping raise awareness about the dire shortage of affordable housing and infusing much-needed capital into low-income communities.
With the help of MacArthur’s $500,000 commitment, Make Room is able to shine a spotlight on a problem that affects 11 million renter families. MacArthur is furthering our efforts to develop a national public awareness and advocacy campaign to bring the rental housing crisis into the open, show that it can be solved and compel our nation’s leaders to make the necessary changes to bring about a solution.
The MacArthur Foundation’s additional $500,000 commitment is helping launch the Enterprise-sponsored impact investing platform, ImpactUS. This one-stop online marketplace will enable organizations seeking impact capital for affordable housing and community development endeavors to present their offerings, while giving impact investors a central place in which to identify opportunities that meet their social impact criteria.
“We are excited to have provided funding support to Enterprise and its partners for the creation of ImpactUS. This innovative online platform will make it easier and faster for investors of all kinds to put their capital to work with nonprofits and businesses that are working to meet our country’s rising need for affordable rental housing, along with many other crucial social, environmental and economic challenges.”
– Debra Schwartz, Managing Director for Impact Investments, John D. and Catherine T. MacArthur Foundation
Since 1982, MacArthur has donated more than $8.5 million to Enterprise to help ensure that everyone, regardless of circumstance, has an affordable home connected to good schools, jobs, transit and health care.
The generous support of JPMorgan Chase is helping to connect low-income families to opportunity while strengthening affordable housing and community development organizations across the country.
With a $4 million grant from JPMorgan Chase in 2015, Enterprise is applying our national and local expertise at systemic levels. To spur community development, we are developing innovative tools and sharing best practices with local governments, nonprofit housing developers, and public housing owners and agencies. We are establishing new and expanding existing relationships with local governments to create development plans, while helping municipalities form strategies around increasing affordable housing. And we are performing research and conducting roundtables and other convenings around the country on critical initiatives like multifamily financing.
“The ability for JPMorgan Chase to provide impactful financing and philanthropic solutions to the communities in which we serve has been greatly enhanced by our deep and longstanding relationship with Enterprise. Leveraging our loans, investments and grants, Enterprise employs high-impact, innovative solutions to communities most in need, and we are proud to have a hand in their far-reaching success.”
– Priscilla Almodovar, Managing Director, Community Development Banking, JPMorgan Chase
Since 1987, JPMorgan Chase has donated nearly $32 million to support Enterprise’s vision that one day, every person will live in an affordable home in a vibrant community, filled with promise and the opportunity for a good life.
The James W. Rouse Society recognizes individual donors who contribute $1,000 or more annually to Enterprise. Members help us to honor the memory of Mr. Rouse, Enterprise founder and visionary thought leader in the affordable housing and community development movement. We also extend our thanks to the donors who wish to remain anonymous.
|$1,000,000 +||Fran & J. Ronald Terwilliger|
|$25,000-49,999||Kathleen L. & William P. Beckmann
Edward H. Norton
Ronald A. Ratner
James H. Ross
|$10,000-24,999||Helen & Robert Bernstein
Mary R. Morgan & David J. Callard
Kelly & Richard A. C. Coles
Mathew L. Comfort
Elizabeth Rabii Cribbs & Derek R. Cribbs
Terri Ludwig & Nick Mautone
T. Malcolm McComb
Linda & Herald Ritch
Tony M. Salazar
Ariel & Adam Zurofsky
|$5,000-9,999||Susan G. & James A. Baker III
Maria F. & Thomas W. Barry
Catherine P. Bessant & John E. Clay
Christopher W. Collins
Olivia & Adam R. Flatto
Dora & Grey E. Gallo
Karen A. & Craig A. Mellendick
Linda Hambleton Panitz
Dina Habib Powell
Franklin D. Raines
Kathie & Charles R. Werhane
|$2,500-4,999||Mary Jo Barranco
Mary Catherine Bunting
Helen & Tony Di Spigno
David A. Friedman
Sally Rudney & Scott A. Hoekman
Jennifer Koen & Mark J. Horowitz
Richard T. Jordan
Ellen R. & Bruce I. Rothschild
Joseph A. Wesolowski
Jodie Levin-Epstein & Barry Zigas
Lisa & Scott Anderson
Shirley Sagawa & Gregory A. Baer
Raphael W. Bostic
Ingrid G. & David Ellen
Donald S. Falk
Deborah A. Franzblau
Ann O. & William R. Frey
Fredye W. & Adam A. Gross
Richard D. Gross
Janet Marie Smith & F. Barton Harvey III
Hilary & Peter Hatch
Sally S. & John M. Hebner
Lynne Diamond & Gary Kates
Susan Z. & Judd S. Levy
Pamela Lynn & Allan J. Malester
Barbara & J. Robert Mann
Evelyn & Bryan Pittinger
Melinda J. Pollack
Katherine & Philip K. Porter
Joan & Nicolas P. Retsinas
Carolyn & David J. Walsh
Barbara Benenson & Marc Warren
Emmy & Aron Weisner
Michelle K. Whetten
Adrianne & Bruce Wonnacott
|$1,000,000 +||Bank of America & Bank of America Foundation
JPMorgan Chase Co. & The JPMorgan Chase Foundation
Citi & Citi Foundation
John D. and Catherine T. MacArthur Foundation
The JPB Foundation
The Kresge Foundation
The Morris & Gwendolyn Cafritz Foundation
California Community Foundation
The Annie E. Casey Foundation
Cleveland Neighborhood Progress
The Community Foundation for the National Capital Region
E*TRADE Financial Corporation
Conrad N. Hilton Foundation
The Kendeda Fund
Low Income Investment Fund, Inc.
M&T Bank and The M&T Charitable Foundation
Meyer Memorial Trust
New York State Health Foundation
Omidyar Network Fund, Inc.
Robin Hood Foundation
Santander Bank, N.A.
United Way of Greater Cleveland
U.S. Bank, U.S. Bank Foundation & U.S. Bank Corporate Foundation
|$50,000-99,999||The Boston Foundation
The Denver Foundation
L+M Development Partners
Mizuho Bank & Mizuho USA Foundation
Natural Resources Defense Council
Polk Bros Foundation
Searle Funds at The Chicago Community Trust
Sisters of Charity Foundation of Cleveland
Wells Fargo Bank N.A. & Wells Fargo Foundation
|$25,000-49,999||American Express Company
The Ardent Companies
Bocarsly Emden Cowan Esmail & Arndt LLP
Eva L. and Joseph M. Bruening Foundation
Charles Schwab Bank
Gallagher, Evelius & Jones, LLP
The George Gund Foundation
HSBC Bank USA, N.A.
Lemle & Wolff, Inc.
Morris, Manning & Martin, LLP
PNC Financial Services Group & PNC Foundation
Post Properties, Inc.
The San Francisco Foundation
Third Federal Savings
United Way of Greater Los Angeles
United Way of Central Maryland
Y&H Soda Foundation
The Jennifer and Thomas Bell Family Foundation
City National Bank
Community Capital Management
The Community Preservation Corp
Corporation for Supportive Housing
Dougert Property Services, LLC
D.P. Group General Contractors
Dunn Development Corp
EURAMEX Management Group, LLC
Federal Home Loan Banks
Forsyth Street Advisors, LLC
Bruno Frustaci Contracting Inc.
The Georgetown Company
GKC Industries, Inc.
Greenberg Traurig, LLP
Grenadier Realty Corp.
Sally Mead Hands Foundation
Henry and Etta Raye Hirsch Family Foundation, Inc.
HR&A Advisors, Inc
Jewish Women’s Giving Foundation
KGG Realty Services, LLC
Lostand Foundation, Inc.
McCormack Baron Salazar, Inc.
MDG Design + Construction LLC
Mega Contracting Inc.
Morgan Stanley Foundation, Inc.
The MUFG Foundation
Nixon Peabody LLP
Notias Construction Inc.
Ohio Savings Bank
PWB Management Corp.
Jonathan Rose Companies, Inc.
Saint Luke’s Foundation
Silicon Valley Community Foundation
TD Bank thru TD Charitable Foundation
Wavecrest Management Team Ltd.
|$5,000-9,999||Atlantic Realty Partners
Barker Management, Inc.
Beneficial State Bank
BlackRock Financial Management, Inc.
The Brewery on Half Moon Bay Inc.
BRIDGE Housing Corporation
California United Bank
Canon Solutions America
Chinatown Community Development Center
The Community Development Trust
Coro Realty Advisors, LLC
Enterprise Community Investment, Inc.
First Republic Bank
GTG Consultants, PC
Mercy Housing, Inc.
Oaklander, Coogan & Vitto Architects, P.C.
Pacific Gas & Electric
Pacific Western Bank
Paul Hastings LLP
Presbyterian Senior Living
Silicon Valley Bank
TLM Associates, LLC
|$2,500-4,999||Affirmed Housing Group
The Arker Companies
Asian Americans for Equality, Inc.
Associated Agencies, Inc.
Bellwether Real Estate Capital
Boston Private Bank & Trust Company
California Bank & Trust
CAMBA Housing Ventures, Inc.
Cheever Development Corp.
Fifth Third Bank
Hirschen Singer & Epstein LLP
New York Community Bank
Trinity Financial, Inc.
|$1,000-2,499||All New York Title Agency, Inc.
Benchmark Title Agency, LLC
BNB Hana Bank
Michael Borruto General Contractor Inc
Cahill Contractors, Inc.
Chicago Title Insurance Company
Common Ground Management Corp.
Community Access, Inc.
Creel Printing LLC
Curtis + Ginsberg Architects LLP
Cushman & Wakefield, Inc.
Deloitte & Touche
The Roy & Patricia Disney Family Foundation
E-J Electric Installation Co.
Sandra Erickson Real Estate Inc.
Federated Title Services, LLC
FirstMerit Bank, N.A.
The Floral Studio
Fordham Bedford Housing Corporation
Goldman Sachs Bank USA
Goldstein Hall PLLC
The Gorfine Foundation, Inc.
Home Bank, N.A.
Houlihan & O’Malley Real Estate Services Inc.
Innovating Roofing Group, Inc.
Kramer, Levin, Naftalis & Frankel, LLP
Magnusson Architecture & Planning
Matter Unlimited LLC
Mortgage Bankers Association
The Moody’s Foundation
Neuberger Berman LLC
New York City Partnership & Chamber of Commerce, Inc.
P.W. Grosser Consulting
The Pew Charitable Trusts
PM Architecture PC
Preservation Partners Management Group, Inc.
Proto Realty Services, LLC
The Purnima Puri and Richard R. Barrera Family Foundation
Richard Bowers & Co.| TCN Worldwide
Ridgewood-Bushwick Senior Citizens Council, Inc.
Rise Community Capital
Selfhelp Community Services, Inc.
Shepardson Stern + Kaminsky
Southside United HDFC
SRO Housing Corporation
Stantec Consulting Services, Inc.
STAT Architecture PC
University Neighborhood Housing Program
Kenneth O. Wille and Associates, Inc.