Enterprise Community Partners

Last updated
Enterprise Community Partners
PredecessorThe Enterprise Foundation
Founded1982
Headquarters
United States  OOjs UI icon edit-ltr-progressive.svg
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)
Revenue63,023,326 United States dollar (2017)  OOjs UI icon edit-ltr-progressive.svg
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.enterprisecommunity.org   OOjs UI icon edit-ltr-progressive.svg

Enterprise Community Partners, formerly The Enterprise Foundation, is a national nonprofit organized around three central goals: 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]

Contents

History

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

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]

Projects

See also

Related Research Articles

<span class="mw-page-title-main">Columbia, Maryland</span> Planned community

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.

<span class="mw-page-title-main">Wilde Lake, Columbia, Maryland</span> Village in Maryland, United States

Wilde Lake is a man-made drainage reservoir dug in 1966 and also named after 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.

<span class="mw-page-title-main">The Rouse Company</span> American real estate development company

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.

<span class="mw-page-title-main">Howard Community College</span> Community college in Columbia, Maryland, U.S.

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.

<span class="mw-page-title-main">Village of Cross Keys</span> Planned community in Maryland, United States

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.

<span class="mw-page-title-main">Harper's Choice, Columbia, Maryland</span> Village in Maryland, United States

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.

<span class="mw-page-title-main">Clayton Homes</span> American manufactured housing company

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.

<span class="mw-page-title-main">Lake Kittamaqundi</span> Reservoir in Columbia, Maryland, United States

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.

<span class="mw-page-title-main">National Community Stabilization Trust</span>

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."

GlobalGiving is 501(c)(3) non-profit organization based in the United States that provides a global crowdfunding platform for grassroots charitable projects. Since 2002, more than 1.6 million donors on GlobalGiving have donated more than $750 million to support more than 33,000 projects in 175 countries.

<span class="mw-page-title-main">Urban Land Conservancy</span>

Urban Land Conservancy (ULC) is a Denver based nonprofit organization established in 2003, that acquires, develops and preserves real estate assets for long-term community benefits. ULC acquires properties such as schools, future and current transit hubs, commercial space, and property identified as having community benefit. ULC also develops unique financing tools to aid in their real estate acquisitions.

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.

References

  1. ↑ "About Us". Enterprise Community Partners. Retrieved 2019-10-24.
  2. ↑ "About Us". Enterprise Community Partners.
  3. ↑ "What We Do | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
  4. ↑ "Notable Hispanic Leaders & Executives - Priscilla Almodovar". 30 September 2021.
  5. ↑ "Lori Chatman | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
  6. ↑ "Drew Warshaw | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
  7. ↑ Joseph Rocco Mitchell, David L. Stebenne. New City Upon A Hill. p. 127.
  8. ↑ "Our Story". Enterprise Community Partners. Retrieved 8 August 2014.
  9. ↑ Joseph Rocco Mitchell, David L. Stebenne. New City Upon A Hill. p. 128.
  10. ↑ "2020 Enterprise Green Communities Criteria". 2020 Enterprise Green Communities Criteria. Retrieved 2020-10-22.
  11. ↑ Daniel Immergluck (2009). Foreclosed: High-risk Lending, Deregulation, and the Undermining of America. ISBN   978-0801447723.
  12. ↑ "Enterprise Annual Report". Archived from the original on 12 August 2014. Retrieved 12 August 2014.
  13. ↑ Borgman, Anna (14 April 1996). "Jim Rouse's Plan to Save the Slums: A Visionary Developer and His Profit-Based Solution to Poverty". The Washington Post.
  14. ↑ Joshua Olsen. Better Lives Better Places.
  15. ↑ Osaka Municipal Government (2002). Osaka and Its Technology, Issues 41-49. p. 8.
  16. ↑ "Harvard University" (PDF). Retrieved 10 January 2014.
  17. ↑ "Look Japan, Volume 34, Issue 417": 118.{{cite journal}}: Cite journal requires |journal= (help)
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.