Enterprise Community Partners

Investment decisions are led by Chief Investment Officer Becky Koepnick (per firm website). The CIO reports to CEO Jim Raley. The organization's investment committee includes senior leadership from its Loan Fund, LIHTC syndication, and community development divisions.

It operates as all three. It directly develops and finances housing projects via its CDFI loan fund, syndicates LIHTC equity to investors, and maintains a policy team that lobbies for federal housing tax credits and zoning reforms (public record). This integrated model is unusual among nonprofits.

Enterprise deploys capital through LIHTC syndication funds (partnerships with tax credit investors), the Enterprise Community Loan Fund (a CDFI making construction and permanent loans), and direct development on its own projects. It also operates Enterprise Climate Solutions, a specialized green retrofit fund launched in 2023 (per the firm, 2023).

Enterprise almost exclusively targets affordable rental housing, with sub-focus on mixed-income, senior, and supportive housing (units paired with social services). It explicitly avoids luxury market-rate development and for-profit commercial real estate. Its recent Climate Solutions initiative adds energy efficiency retrofits to the mix.

No. Enterprise is a 501(c)(3) nonprofit, not a family office. It is governed by a board of directors and funded by foundations, corporations, government contracts, and tax-credit syndication fees. Its CDFI loan fund is capitalized by deposits from banks, foundations, and religious institutions.

Enterprise sources deals through a national network of regional offices, partnerships with local nonprofit developers, and its own pipeline of direct development. It also receives applications through open RFP processes for LIHTC allocations. Its policy team tracks legislative changes that create new investment opportunities (per public record).

Yes. Enterprise runs the Enterprise Rose Fellowship program, which places architects and planners in community development organizations, and its broader grantmaking arm provides technical assistance to housing nonprofits. These are funded separately from its for-profit loan fund and syndication business.