Portland earned its reputation as a green, progressive city by leading the country in sustainable design and planning. The economic downturn is now driving an increase in unemployment and poverty – and an urgent need for affordable housing. Residents of Seattle and the Puget Sound region have balanced decades of explosive growth with skyrocketing living costs and urban sprawl. The state’s rural farming areas are losing permanent residents and struggling to maintain healthy economies.
Enterprise works in the Pacific Northwest to unite development partners, strategies and capital resources, and transform neighborhoods. Our Rural Program provides green solutions for community development and affordable housing in some of the region’s most poverty-stricken communities.
- $525 million+ invested
- 12,000+ homes
- 224,000 s.f. of commercial and community space built
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Denny Park Apartments was the first Seattle complex to meet Enterprise’s Green Communities Criteria, completed in 2005. Four years later, Denny Park is home to 50 low-income individuals and families, some formerly homeless. Read more. Photo: Harry Connolly
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Green is the new affordable. Thanks to Enterprise’s Green Communities initiative, the industry is rethinking the way affordable housing is designed and built. Our five-year initiative invested $700 million to build nearly 16,000 green affordable homes, and demonstrated that green affordable housing is attainable. That it produces measurable long-term cost savings. And it brings health, economic and environmental benefits that will sustain communities into the next generation and beyond. Enterprise Green Communities now moves into a new phase with a firm commitment to make housing green and affordable for all
- Enterprise has invested more than $237 million to build more than 3,000 homes.
- Washington state has adopted the Enterprise Green Communities Criteria for its affordable housing trust fund for developments receiving dollars from the state.
- Enterprise is also piloting new green retrofit financing tools for developers to retrofit their multifamily properties with energy- and water-saving features.
We offer a unique breadth of knowledge, expertise and financial products — including tax credit equity, debt and predevelopment lending — that yield both social and economic returns. Our team of experts continues to strengthen and expand the range and reach of these vital tools.
The Pacific Northwest is one of four Enterprise markets nationwide piloting this innovative tool. It provides multifamily owners and sponsors with financing for energy reduction capital purchases as boilers, hot water heaters and improved insulation.
The Smart Growth Fund – initiated by support from Enterprise – makes low-interest capital available to local organizations to buy properties and develop affordable housing close to transportation and job centers.
A history of innovation drives our approach. From the Low-Income Housing and New Markets Tax Credit programs to our Green Communities initiative, we help shape, introduce and take to scale the solutions that create, preserve and transform communities nationwide.
Enterprise’s unique programs, which help individuals and families leverage personal tax credits as a wealth-building tool, generated more than $1 million for low-income taxpayers in the Portland area.
Good policy — and successful partnerships — are key to thriving communities. Enterprise is a trusted advisor at the local, state and federal levels, advocating bold policy priorities, and we align strategic partnerships to leverage public, private and nonprofit resources into results.
Enterprise is a leading partner of the trust, a non-profit created at the request of U.S. Senator Patty Murray in 2003 to address the serious shortage of decent and affordable housing for more than 289,000 farmworkers and family members who labor in Washington’s fields and orchards.
Enterprise, Oregon Housing and Community Services and the Neighborhood Partnership Fund award operating grants to community development corporations in communities throughout the state.
Enterprise provided a $1.4 million loan to Hacienda CDC to turn a rundown, crime-ridden complex in Portland into Villa de Clara Vista, offering ample security, green spaces, safe playgrounds — and a new beginning for the Escalera Family. Read their story.
520 SW Sixth Avenue, Suite 700
Portland, Oregon 97204
Phone 503.223.4848
Fax 503.223.8955
M.A. Leonard
Vice Preisdent and Impact Market Leader, Pacific Northwest
206.223.4519
Email M.A.
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