LHITC Equity
Enterprise Community Investment offers competitively priced Low-Income Housing Tax Credit (LIHTC) equity to nonprofit and for-profit developers for new construction and/or rehabilitation of affordable rental housing that generally adheres to the Green Communities Criteria. Enterprise is committed to creating communities of greater sustainability by working with partners who are willing to incorporate green standards into their projects.
Target Projects
- Projects that involve new construction of residential units or rehabilitation at an estimated cost of more than $3,000 per unit.
- Projects subject to firm site control.
- Rental housing projects that have at least 25 units reserved for renters with incomes below 60% of area median income.
- Homeownership projects that have at least 15 homes that will be sold to buyers with incomes below 80% of area median income.
- Projects in the working drawing or construction stages may be considered, but it is assumed that compliance with Green Communities Criteria may be difficult because the Criteria were not included in the design parameters; potential applicants in this situation may still send a funding application if they believe that the Criteria can be met.
- Priority is given to the following projects:
- Projects that are scheduled to close and begin construction within 6-9 months. This is a priority to help ensure the timely investment of project financing that has been committed to the program.
- Rental housing projects that have allocations under the Low-Income Housing Tax Credit program.
- Projects that are scheduled to close and begin construction within 6-9 months. This is a priority to help ensure the timely investment of project financing that has been committed to the program.
- Rental housing assisted by the Initiative must be permanent housing, not transitional or emergency shelter.
The sponsor must commit to meeting the Initiative’s Green Communities Criteria and providing Enterprise with certification that the Criteria have been met; certifications will be made primarily by the project architect.
Steps for Applying for LIHTC Equity
There are several steps involved applying for LIHTC Equity. It's important to first review Green Criteria. If you would like to apply:
Go to the funding application form.
For More Information
Aron Weisner
Enterprise Community Investment
Phone: 410.772.2621
Email Aron
Enterprise Community Investment Regional LIHTC Equity Contacts
Developers seeking information on Enterprise financing for Green Communities projects or any other tax credit development are invited to contact:
Ken Crawford
Mid-Atlantic/Southeast Region
Phone: 410.772.2675
Monika Elgert
West Coast Region
Phone: 503.553.5653
Kirk Goodrich
Northeast Region
Phone: 212.262.9575 x142
Philip Porter
Midwest Region
Phone: 410.772.2594
