Enterprise Community Partners’ largest multi-investor fund to date will finance 39 Low-Income Housing Tax Credit properties with more than 4,000 affordable rental apartments in 14 states. At $318 million, the “Enterprise Housing Partners 26 Fund” stands as one of the largest in the industry’s history.
“The unique structure of the Enterprise Housing Partners 26 Fund solved several issues for investors, enabling them through one closing process to invest in properties that would typically need to be in several different regional and national funds while allowing them to make larger investments without hitting their percentage ownership limits,” said Charlie Werhane, president & CEO of Enterprise Community Investment. “It has been very well received in the marketplace, and we’ll continue to push the envelope on creating new capital sources to build opportunity in communities around the country.”
The fund provided financing for affordable housing developments in Alaska, Georgia, Illinois, Louisiana, Maryland, Massachusetts, Minnesota, New Jersey, New York, Ohio, Oregon, Texas, Washington and Wisconsin.
