We would like to highlight Enterprise Community Partners, a national nonprofit focused on increasing affordable housing supply. In 2021, Enterprise’s investments helped SHE complete Sugar Pine Village in Madera, a 52-unit affordable rental community. Funding for this project came from UnitedHealthcare, a UnitedHealth Group company, providing over $11 million in equity through a Low-Income Housing Tax Credit (LIHTC) partnership with Enterprise. This summer, the partnership reached another milestone with the completion of Creekside Terrace, offering 42 units of affordable housing to the rural community of Mariposa. Creekside Terrace was the first affordable rental community developed in Mariposa County in over 20 years, and the $11.4 million equity investment made the project possible.
Enterprise also supports SHE’s rental housing development efforts via several HUD Section 4 grants and technical assistance to secure funding. Thanks to Enterprise’s partnership, SHE has received help to develop and advance strategies to implement various sustainability and climate mitigation strategies at existing and new affordable rental projects. Recent efforts have focused on all-electric design, battery storage, and expanding electric vehicle infrastructure. Enterprise is also a team member for our California Energy Commission funded project envisioned to utilize micro-grid all-electric carbon-neutral technology known as the Colegio Zero Net Energy Project.
SHE looks forward to breaking ground on the second phase of the Los Arroyos project in Farmersville in November. This phase is funded by the Affordable Housing and Sustainable Communities (AHSC) program. Enterprise was the lead member of a technical assistance advisory team that assisted in the AHSC application and provided valuable feedback on the competitiveness of the application. As a result, SHE secured $7 million for the housing project and $7 million in grant funds for transportation improvements, including a partnership with TCAG and the city of Farmersville to construct a Multi-Modal Transit hub serving Farmersville and the surrounding Tulare County communities.
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