The continued support of Living Cities has been invaluable in helping advance Enterprise's mission of connecting low-income families to affordable homes linked to opportunity. Living Cities' recent support and generosity have been vital in the expansion of transit-oriented development (TOD) in key locations across the country.
In 2013, Living Cities made a major commitment to support a multi-year effort called "Connect" in collaboration with Enterprise and the Low Income Investment Fund (LIIF) to build a national knowledge network and strategy for equitable TOD. This effort focuses support in four Enterprise markets with expanding transit: the Bay Area, Los Angeles, Seattle and Denver. Each region is in various stages of planning, implementation, innovation and capital deployment. Ultimately, the initiative will foster the connection of low-income people to better jobs, schools and health care through an assortment of transit options.
Since 1993, Living Cities has provided more than $21.5 million to support Enterprise's effort of making affordable housing the first rung on the ladder to opportunity.
Living Cities is an innovative collaborative of 22 of the world's largest foundations and financial institutions. In nearly 20 years, Living Cities members have collectively invested almost $1 billion, helping shape federal funding programs, redirecting public and private resources, and helping communities to build homes, stores, schools, community facilities and more.
"Living Cities is excited to partner with Enterprise and the Low Income Investment Fund to support the implementation of equitable transit-oriented development through our Connect Initiative," says Amy Chung, senior investment officer at Living Cities. "We hope this collaboration can help build healthy communities with affordable housing, community facilities and access to jobs near transit. We are also thrilled to deepen our long-term relationship with Enterprise through this work."