COLUMBIA, Md. (July 21, 2021) – Enterprise Community Partners (Enterprise) today announced the closing of Enterprise Housing Partners Fund XXXV (EHP 35), a $235.7 million Low-Income Housing Tax Credit (housing credit) fund. With commitments from 10 investors, the fund will help create or preserve 2,529 affordable homes across 19 properties in 14 states. EHP 35 is the second in a series of four multi-investor housing credit funds planned by Enterprise for 2021; the previous fund invested nearly $200 million in 14 properties across the country.
“For 35 years, the housing credit has proven to be our most effective tool for creating affordable housing to meet a wide range of community needs nationwide,” said Scott Hoekman, president of Enterprise’s housing credit investments business. “Funds like ours connect impact-oriented investors directly to the homes, jobs and economic opportunity the housing credit creates.”