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Living Cities

Living Cities

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."

JPMorgan Chase

JP Morgan

The generous support of JPMorgan Chase has been instrumental in Enterprise's efforts to enhance partner sustainability and transit-oriented development (TOD) initiatives across the country.

In 2013 alone, JPMorgan Chase grants totaling $1 million helped Enterprise across a range of initiatives, including: producing impact reports; developing case studies and refining housing evaluation tools; establishing local partnerships; creating business plans and needs assessments; and cultivating a pipeline of equitable TOD projects that support an average of 750 affordable housing units per region.

Since 1987, JPMorgan Chase has donated $16.8 million to Enterprise to help low- and moderate-income families secure quality, affordable homes connected to opportunity.

JPMorgan Chase supports program models that focus on reducing the cost of housing, improving the quality and safety of homes, preparing families for the costs and responsibilities of homeownership and helping communities thrive. JPMorgan Chase and its foundation gave more than $190 million to thousands of nonprofit organizations across 42 U.S. states, the District of Columbia and 37 countries around the world in 2012.

"The work Enterprise has been doing with partner support and TOD has been incredibly important. Strengthening nonprofit sponsors to adapt to changing times and helping them meet new needs are critical," says Chuck Weinstock, vice president of Chase Community Development Banking. "In addition, connecting affordable housing with transit, jobs and education is essential to sustainable real estate and social equity. The Enterprise investments have been high-impact initiatives."

U.S. Bank

U.S. Bank

U.S. Bank contributes to the strength and health of communities through multiple channels, including the U.S. Bank Foundation. In 2013, the bank provided $43.1 million in grant funding through the foundation and corporate contributions – dollars that helped support nonprofit organizations, education, affordable housing and economic development.

With a strong presence in the Midwest and West, U.S. Bank supports Enterprise's work in Chicago and on the West Coast, as well as our capacity building activities.

In 2013, U.S. Bank donated $111,500 to support initiatives in Enterprise's Chicago, Northern California, Pacific Northwest and Southern California markets, as well as our Chairman's Challenge, an initiative of the board of trustees that aims to enhance Enterprise's capacity to tackle affordable housing challenges. As part of the company's commitment to connect communities, U.S. Bank is particularly interested in supporting our equitable transit-oriented development (TOD) work.

TOD is a critical strategy to ensure that the residents of affordable housing developments are connected to jobs, education, health care and other opportunities. U.S. Bank's support has helped with the development and implementation of a $15 million TOD fund on Chicago's South Side, which will create and preserve affordable housing close to public transportation.

"It all goes back to keeping our communities strong for the long-term," says Beth Stohr, director of affordable housing investments at U.S. Bank. "Strong communities are built by devoted individuals, community partners like Enterprise and good corporate citizens like U.S. Bank coming together to make a difference."

U.S. Bank has donated more than $385,000 to Enterprise since 2001. That collective contribution is an extension of the company's daily business activities – investing in building strong communities and connecting customers to opportunities.

NYC Housing and Neighborhood Recovery Donors Collaborative

New York City Housing

As president of the Deutsche Bank Americas Foundation, Gary Hattem has seen firsthand what it means for poor communities to recover from devastating natural disasters like the 2004 South Asia tsunami and the 2010 earthquake in Haiti. While Hurricane Sandy underscored the comparative strength of New York's civic structures and community networks, the storm also revealed new dangers for at-risk communities and vulnerable residents.

In response, Gary and his colleagues in the banking and foundation industry organized to support the recovery and future of Sandy-affected neighborhoods. "We realized that we could make a world of difference in how communities respond and bounce back," says Gary.

Initiated by Deutsche Bank Americas Foundation, the NYC Housing and Neighborhood Recovery Donors Collaborative quickly formed with the participation of 16 foundation and financial institution funders, with advisory roles by the New York City Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation and the Mayor's Office of Housing Recovery Operations (HRO).

Together with the Mayor's Fund to Advance New York City, the collaborative has provided more than $3.2 million to help neighborhoods recover and strengthen their resilience against future storms. Enterprise received $250,000 from the collaborative to develop new tools and strategies that will help affordable housing providers adapt to a new era of extreme weather events.

Enterprise has brought agility, expertise and credibility to the recovery from Hurricane Sandy, according to Gary Hattem, president of the Deutsche Bank Americas Foundation. "From day one, Enterprise recognized that they had a responsibility to harness their relationships and formulate an action plan," he says.

Gary praises the donor collaborative for bypassing traditional silos separating philanthropy, finance and public service.

Climate disaster is "a new landscape for everybody," he says. "All of us need to get our head around what this means for the long term."

The Annie E. Casey Foundation

Annie E. Casey

The generosity of the Annie E. Casey Foundation has been critical in Enterprise's efforts to support the growth of HOPE SF and its groundbreaking initiative to create more than 6,000 new homes in thriving, mixed-income communities in Northern California without displacing any current residents.

"HOPE SF is one of today's most ambitious civic efforts to revitalize affordable housing and create better futures for low-income families and their children," says Bob Giloth, vice president of the Annie E. Casey Foundation Center for Community and Economic Opportunity. "With the assistance of Enterprise, HOPE SF has marshaled an impressive array of public, private and philanthropic partners to invest in effective programs and system changes. The Casey Foundation is proud to be a partner."

A $300,000 grant from the Annie E. Casey Foundation – part of a multi-year commitment – brought much-needed support to disadvantaged 18-24 year olds in HOPE SF. Enterprise recruited and helped train a group of young people to take on leadership roles; developed new infrastructure to foster collaborative goal setting between school and staff members with a focus on reducing chronic absenteeism; and laid the groundwork for leveraging a respected mentoring program that focuses on goal setting.

Since 1993, the Annie E. Casey Foundation has provided
$8.5 million to support Enterprise's mission of connecting families to good homes they can afford.

The Annie E. Casey Foundation is a private philanthropy that creates a brighter future for the nation's children by developing solutions to strengthen families, build paths to economic opportunity and transform struggling communities into safer and healthier places to live, work and grow.

The Kresge Foundation

Kresge Foundation

Over the last 10 years, The Kresge Foundation has supported Enterprise's work to strengthen the field of community development and create affordable housing and opportunity. Kresge has been a key supporter of making communities more energy efficient and sustainable.

In 2013, Kresge awarded an $800,000 grant to Enterprise Green Communities' Aligning Community Development and Sustainability for the 21st Century program. The initiative aims to align the work of the community development field with efforts to make cities more resilient and sustainable; develop transformative energy and climate resilience projects at the neighborhood scale with community development organizations (CDOs) at the core; and identify business models for transforming our built environment in ways that grow wealth in low-income communities.

Since 2004, Kresge has donated more than $6 million to Enterprise, including an initial gift of $1.5 million.

Kresge is a $3 billion private, national foundation that works to expand opportunities in America's cities through grantmaking and investing in arts and culture, education, environment, health, human services and community development efforts.

"We believe this work will improve the resilience of America's cities, and particularly their low-income residents," says Kresge president and CEO Rip Rapson. "Over the past decade, Enterprise has led a transformation of the affordable housing sector to recognize and realize the health, economic and environmental benefits of green affordable housing. Now, Enterprise is poised to lead an equally significant transformation of the community development sector."

The Kendeda Fund

Kendeda

Enterprise greatly appreciates the Kendeda Fund for helping advance the cause of intentional design — a holistic, collaborative and place-based design approach — to help low-income families secure good homes in communities connected to walking space, transit and jobs. This work was made possible by the support of the Kendeda Fund over the past six years.

Most recently, the Kendeda Fund has made two $2.5 million philanthropic investments in our National Design Initiative. A core component of this work is the Enterprise Rose Architectural Fellowship, one of the few opportunities for aspiring architects to work on affordable housing and other development projects in low-income communities. With six new fellowships beginning in 2014, the program has supported 50 fellows since its inception in 2000.

"The Enterprise Rose Architectural Fellowship has an impact that far exceeds the size and scope of the actual program," says Diane Ives, a fund advisor at the Kendeda Fund.

"The Rose Fellows are respected for their youthful energy, creativity and willingness to work hard to reshape how affordable housing gets built in the U.S. They bring powerful visions of affordable housing that celebrate dignity and humanity for all."

One of the Kendeda Fund's contributions is a $2.5 million grant to help advance our broad goal of ensuring design excellence in affordable homes throughout the country. With the fund's support, Enterprise is investing in the next generation of design leadership; providing technical assistance, tools and resources for community developers; and expanding our network of partners by telling the story of affordable and supportive housing.

In addition, the Kendeda Fund also committed a $2.5 million challenge grant to ensure the long-term financial sustainability of the National Design Initiative and the Enterprise Rose Architectural Fellowship. The purpose of the challenge grant is to raise the visibility of the need for intentional design in affordable housing and to assist Enterprise to attract individuals, corporations and foundations to help support this important effort over the long term.

Since 2006, the Kendeda Fund has generously provided more than $12 million in support of Enterprise's work.

Helping our Partners Succeed through CrowdRise

CrowdRise

In 2013, Enterprise organized an online, crowdfunding campaign to assist ten nonprofits to raise money, expand their donor base and increase local awareness of their work in Cleveland. The Enterprise "Nurture an Idea" CrowdRise Challenge used corporate sponsorship dollars as prize money and the power of online fundraising to help the organizations raise nearly $50,000. For many of the participating organizations, the implementation of their projects would not have been possible without the money they were able to raise through the CrowdRise Challenge, which took their work from dreams to reality.

Historic Warehouse District Development Corp. won the CrowdRise Challenge, raising over $19,000 for their Small Box idea. This retail development initiative will convert used shipping containers into small stores, turning an existing parking lot into a unique public space. It will also make the street more walkable by creating a building edge along the sidewalk. Not only did Historic Warehouse District Development Corp. get to keep the award dollars, they were also the recipient of $10,000 from our sponsor, Ohio Savings Bank, a division of New York Community Bank.