Enterprise Community Partners Reaches $100 Million Milestone in Impact Note Investments
Funding | Jan 23, 2025 | Enterprise Community Partners
Enterprise Community Partners, through its Enterprise Community Loan Fund (a community development financial institution), offers Impact Notes designed for individual and institutional investors to finance affordable housing and community projects. The fixed-income securities require a minimum investment of $5,000, democratizing access to impact investment. Under the leadership of Anna Smukowski, these notes have gained significant traction, raising $100 million since 2018, contributing to the development of 145,000 affordable homes and 6.8 million sq ft of community space. Key projects include the 48th and Race development in Denver, combining housing, healthcare, and food services. Future initiatives include the Equitable Decarbonization Initiative targeting reduced carbon emissions. Enterprise aims to broaden accessibility further with new investor portals and continued outreach. Despite market volatility, Enterprise successfully attracts below-market capital, offering vital financial support to affordable housing amidst rising costs.
Sectors
- Community Development Financial Institutions (CDFIs)
- Real Estate Development
- Impact Investing
Geography
- United States – The article discusses projects and initiatives by Enterprise Community Loan Fund in the context of U.S. communities, highlighting nationwide impact investing in affordable housing.
- Denver, Colorado – A specific project in Denver is mentioned, emphasizing the local impact of community development efforts funded by Impact Notes.
Industry
- Community Development Financial Institutions (CDFIs) – The article discusses the operations of Enterprise Community Loan Fund, a CDFI, which supports community development projects by offering financial products like the Impact Note.
- Real Estate Development – The article focuses on financing real estate projects, particularly affordable housing, through the funds raised by Impact Notes.
- Impact Investing – The article centers around impact investing, where investments are made into companies, organizations, and funds with the intention to generate social and environmental impact alongside financial returns.
Financials
- $100,000,000 – Total amount raised through Impact Notes since the program's relaunch in 2018.
- $5,000 – Minimum investment requirement for the Impact Notes, reduced from $25,000.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enterprise Community Partners | Parent Organization | Company | The parent organization behind the Enterprise Community Loan Fund and the issuer of Impact Notes. |
| Enterprise Community Loan Fund | Issuer of Impact Notes | Company | A CDFI focusing on community development through financial services, including Impact Notes. |
| Anna Smukowski | Senior Director of Enterprise Community Loan Fund | People | Senior Director involved in discussing the impact and role of Impact Notes. |
| Individual Investors | Investors | People | Contribute nearly half of the investment base for the Impact Notes. |