Enterprise Raises $335.8M with Its Second-Largest Multi-Investor LIHTC Fund Ever

COLUMBIA, MD - Enterprise Community Partners (Enterprise) today announced $335.8 million in capital commitments for Enterprise Housing Partners Fund XLIX (EHP 49), the second-largest multi-investor Low-Income Housing Tax Credit (LIHTC) fund closed by the organization since its founding in 1982. The fund will create or preserve 2,556 affordable homes across 14 states and Washington, D.C., providing stable, affordable housing for an estimated 6,697 residents.

Investments through EHP 49 are projected to generate nearly 3,950 jobs, $446 million in wages and business income, and $154.5 million in federal, state, and local tax revenue.

"Raising one of the largest multi-investor funds in Enterprise's history - especially in today's challenging market - is a testament to our partners' commitment and confidence in our mission," said Kari Downes, executive vice president and head of Enterprise's housing credit investments business. "This fund will allow us to deliver affordable homes at scale while fueling local economic growth and strengthening communities nationwide."

EHP 49 will support 23 developments, including new construction and preservation of existing affordable homes. Properties are located in Alabama, California, Colorado, Florida, Georgia, Louisiana, Michigan, Missouri, Montana, New York, Ohio, Pennsylvania, Texas, Washington, and Washington, D.C.

New Affordable Homes Replace Aging Public Housing in Fort Worth
In Stop Six, the historic Fort Worth, Texas neighborhood, Enterprise is supporting Hughes House III, a mixed-income community and the fourth phase of a six-phase redevelopment effort under the city's HUD-supported Choice Neighborhood Transformation Plan. The broader initiative replaces the former Cavile Place public housing complex with high-quality homes while strengthening long-term neighborhood stability.

Developed by McCormack Baron Salazar in partnership with Fort Worth Affordability, Inc., an affiliate of Fort Worth Housing Solutions, the development offers 78 one- and two-bedroom apartments, with 54 homes affordable to households earning up to 60% AMI and 24 market-rate units. Four apartments will be reserved as permanent supportive housing for people experiencing homelessness, and 27 homes will receive project-based rental assistance, including units prioritized for existing community residents returning to the neighborhood. Amenities include a community room, a fitness center, a business center, a pool, a playground, and outdoor gathering spaces.

In Georgia, New Mixed-Income Development to Strengthen City's Economic Core
Enterprise will also invest in Parc at Solomon, a new mixed-income residential development bringing 69 homes to the heart of downtown Griffin, Georgia. Developed in partnership with Collaborative Housing Solutions, Inc., and the Housing Authority of the City of Griffin, the four-story community supports the city's broader efforts to revitalize its urban core while expanding access to high-quality, affordable housing options.

Parc at Solomon will include a mix of one- and two-bedroom apartments, with 62 homes dedicated to households earning 50% to 60% AMI. The building is designed to meet National Green Building Standard Bronze certification, promoting energy efficiency. Amenities include community spaces with a kitchen, resident lounges on each floor, a fitness room, and a business center. Ground-floor retail space is also planned to activate the streetscape and contribute to the continued economic vitality of downtown Griffin.

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About Enterprise Housing Credit Investments
Enterprise's housing credit investments business operates under Enterprise Housing Credit Investments, an affiliate of Enterprise Community Partners, a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92 billion and created more than 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org.

About Enterprise Equities, Inc.
Enterprise Equities, Inc. ("EEI"), is an affiliate of Enterprise Community Investment, Inc., and acts as the primary placement agent for Enterprise's LIHTC funds. EEI is a broker-dealer registered with the U.S. Securities and Exchange Commission ("SEC"), a member of the Financial Industry Regulatory Authority ("FINRA") and a member of the Securities Investor Protection Corporation ("SIPC"). For additional information on EEI, visit FINRA at www.finra.org and to learn more about SIPC, visit www.sipc.org.