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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]
 | |
| Predecessor | The Enterprise Foundation |
|---|---|
| Founded | 1982 |
| Headquarters | United States  |
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 |
History
editIn 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
editEnterprise 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
edit- National Community Stabilization Trust - A 2008 initiative to purchase and resell high-risk foreclosed properties.[11]
- Remington, Baltimore[12]
- Sandtown- Baltimore[13]
- Tempozan Marketplace a Festival marketplace project near Osaka, Japan developed as a public-private partnership with the Osaka Waterfront Development Corporation.[14][15][16][17]
See also
editReferences
edit- ^ "About Us". Enterprise Community Partners. Retrieved 2019-10-24.
- ^ "About Us". Enterprise Community Partners.
- ^ "What We Do | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
- ^ "Notable Hispanic Leaders & Executives - Priscilla Almodovar". 30 September 2021.
- ^ "Lori Chatman | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
- ^ "Drew Warshaw | Enterprise Community Partners". www.enterprisecommunity.org. Retrieved 2023-03-30.
- ^ Joseph Rocco Mitchell, David L. Stebenne. New City Upon A Hill. p. 127.
- ^ "Our Story". Enterprise Community Partners. Retrieved 8 August 2014.
- ^ Joseph Rocco Mitchell, David L. Stebenne. New City Upon A Hill. p. 128.
- ^ "2020 Enterprise Green Communities Criteria". 2020 Enterprise Green Communities Criteria. Retrieved 2020-10-22.
- ^ Daniel Immergluck (2009). Foreclosed: High-risk Lending, Deregulation, and the Undermining of America. ISBN 978-0801447723.
- ^ "Enterprise Annual Report". Archived from the original on 12 August 2014. Retrieved 12 August 2014.
- ^ 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.
- ^ Joshua Olsen. Better Lives Better Places.
- ^ Osaka Municipal Government (2002). Osaka and Its Technology, Issues 41-49. p. 8.
- ^ "Harvard University" (PDF). Retrieved 10 January 2014.
- ^ "Look Japan, Volume 34, Issue 417": 118.
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