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Predecessor | The Enterprise Foundation |
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Founded | 1982 |
Headquarters | |
Key people | James Rouse (Founder), Lori Chatman & Drew Warshaw (President and Chief Executive Officer, Enterprise Community Partners), Jacqueline Waggoner (President, Solutions Division), Lori Chatman (President, Capital Division), Christine Madigan (President, Community Development Division), Ronald J. Terwilliger (Chairman, Enterprise Community Partners Board of Trustees; Vice Chairman, Enterprise Community Investment Board of Directors) |
Revenue | 63,023,326 United States dollar (2017) |
Subsidiaries | Enterprise Community Investment (for-profit), Enterprise Homes (non-profit), Enterprise Community Asset Management (for-profit), Bellwether Enterprise (for-profit), Enterprise Community Loan Fund (non-profit) |
Website | www |
Enterprise Community Partners, formerly The Enterprise Foundation, is an American nonprofit. Its goals are to increase housing supply, advance racial equity and build resilience and upward mobility. [1] Founded in 1982 by developer/philanthropist James W. Rouse and his wife Patty, Enterprise has worked with community-based nonprofit organizations to develop 951,000 homes, investing $64 billion throughout the United States. [2] The organization works in more than 800 communities and in collaboration with thousands of partners in the nonprofit, public and for-profit sectors. [3] Affordable housing advocate and attorney Priscilla Almodovar served as president and chief executive officer of Enterprise from September 2019 to December 2022. [4] Lori Chatman and Drew Warshaw are the current Co-CEOs and Interim Presidents of Enterprise Community Partners. Chatman is also the President of the Capital Division, with Warshaw as the Chief Operating Officer. [5] [6]
In 1972, three members of the Church of the Saviour—Terry Flood, Barbara Moore and Carolyn Banker—wanted to create low-income housing in the Adams Morgan neighborhood of D.C. With no development, financial or construction experience, they put down a non-refundable deposit to purchase the Ritz and Mozart apartment buildings. Their commitment won over James Rouse, CEO of The Rouse Company and he helped them secure $625,000 to complete the transaction and $125,000 toward the cost of rehabilitation.
In 1981, the experience inspired Jim Rouse to found Robin Hood Inc. based in one of Rouse’s American City buildings in Columbia, Maryland. The company was renamed to Jubilee Housing to help with fundraising efforts. [7] Jubilee Housing provided the launchpad for Jim and Patty Rouse to start the Enterprise Foundation in 1982. In 2005, it was renamed Enterprise Community Partners. [8]
In 1984, Jim Rouse was soliciting business representing both Rouse Company as chief executive officer and Enterprise Development as president. The Rouse Company board of directors asked Jim Rouse to leave as CEO of the Rouse Company and his position in Enterprise Development which ended his involvement with the company he founded. [9]
Enterprise Green Communities is the nation's only national green building program designed explicitly for green affordable housing construction. The 2020 Green Communities Criteria is the latest version of the guidelines, first introduced in 2005. Updates include a Path to Zero Energy, new water-quality standards, and a new approach to affordable housing in rural areas, tribal communities and small towns. [10]
Columbia is a census-designated place in Howard County, Maryland, United States. It is a planned community consisting of 10 self-contained villages. The census-designated place had a population of 104,681 at the 2020 census, making it the second most populous community in Maryland after Baltimore. Columbia, located between Baltimore and Washington, D.C., is officially part of the Baltimore metropolitan area.
James Wilson Rouse was an American businessman and founder of The Rouse Company. Rouse was a pioneering American real estate developer, urban planner, civic activist, and later, free enterprise-based philanthropist. He received the Presidential Medal of Freedom, the highest civilian award, for his lifetime achievements.
Harborplace is a shopping complex on the Inner Harbor in Baltimore, Maryland.
Wilde Lake is a human-made drainage reservoir dug in 1966 and the name of the surrounding "village" of neighborhoods located in Columbia, Maryland, just north and west of Columbia Town Center. The village was the first part of Columbia's "New Town" to be built in the late 1960s, James W. Rouse and Frazar B. Wilde formally opened the neighborhood on June 21, 1967. The lake and village are named for Frazar B. Wilde, a past chairman of the board of Connecticut General Life Insurance Company and former employer of James Rouse. In 1963, the company agreed to fund the secret land purchases and, in return, acquired an equity participation. This arrangement was subsequently formalized by the creation of The Howard Research and Development Corporation, the joint venture established to develop Columbia.
The Rouse Company, founded by Hunter Moss and James W. Rouse in 1939, was a publicly held shopping mall and community developer from 1956 until 2004, when General Growth Properties (GGP) purchased the company.
Howard Community College is a public community college in Columbia, Maryland. It offers classes for credit in more than 100 programs, non-credit classes, and workforce development programs. In addition to the main campus in Columbia, courses are also held at two satellite campuses.
James Clark Jr. was the president of the Maryland State Senate from 1979 to 1983.
Village of Cross Keys is a privately owned upscale area of Baltimore, Maryland. It is located off Maryland Route 25 between Northern Parkway and Cold Spring Lane, and is home to luxury condos and upscale small shops.
Harper's Choice is one of the ten villages that comprise Columbia, Maryland, United States. It lies in the northwest part of Columbia and consists of the neighborhoods of Longfellow, Swansfield, and Hobbit's Glen and had a December 1998 population of 8,695.
Clayton Homes is the largest builder of manufactured housing and modular homes in the United States. It is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway.
Lake Kittamaqundi is a man made 27-acre (110,000 m2) reservoir located in Columbia, Maryland in the vicinity of the Mall in Columbia as well as Merriweather Post Pavilion. It is also adjacent to offices and visible from US-29.
Shaun Lawrence Sarda Donovan is an American government official and housing specialist who served as United States Secretary of Housing and Urban Development from 2009 to 2014, and Director of the US Office of Management and Budget from 2014 to 2017. Prior to that, he was the Commissioner of the New York City Department of Housing Preservation and Development from 2004 to 2009 under Mayor Michael Bloomberg.
The National Community Stabilization Trust is a Washington, D.C.-based non-profit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote property reuse and neighborhood stability. According to U.S. Banker, the Stabilization Trust was "created to act as a middleman between cities looking to acquire abandoned properties and the lenders looking to unload them."
The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit affordable housing provider in Texas.
The Baltimore Plan was an urban planning initiative to remove urban blight.
Guy T. O. Hollyday (1893–1991) was an American proponent of urban housing renewal.
Willard Goldsmith Rouse II was an American real estate developer who supported and partnered with his brother Jim Rouse to develop malls, and planned communities.
Ruth U. Keeton was a member and chairperson of the Howard County Council in Maryland. In addition to this elected office, she was appointed to serve with multiple state committees including the Baltimore Regional Transportation Committee and Housing Task Force.
Morton Hoppenfeld was an American urban planner who worked for the Rouse Company on the development of the Village of Cross Keys in Columbia, Maryland, and Darling Harbour in Sydney, Australia.
Priscilla Almodovar is the chief executive officer of Fannie Mae.
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