- Enterprise raised $335.8M for its second-largest multi-investor LIHTC fund to date.
- The fund supports 2,556 affordable homes, benefiting nearly 6,700 residents across 15 states.
- EHP 49 is expected to generate almost $600M in economic activity and nearly 3,950 jobs.
- Projects include large-scale redevelopments in Texas and Georgia focused on mixed-income housing.
Major Affordable Housing Investment
Enterprise Community Partners closed $335.8M for its Enterprise Housing Partners Fund XLIX. This marks its second-largest multi-investor Low-Income Housing Tax Credit fund since 1982. The fund will finance the creation or preservation of 2,556 homes across 14 states and Washington, D.C. It will support housing stability for roughly 6,697 people.
Economic Impact and Regional Reach
Funds raised through EHP 49 are projected to generate nearly $600M in economic activity. This impact includes almost 3,950 jobs and $446M in wages and business income. The initiative is expected to produce $154.5M in federal, state, and local tax revenue. Supported developments span new construction and preservation across Texas, California, Georgia, and Pennsylvania. At the same time, developers continue to face tighter margins as rising costs and longer timelines pressure affordable housing execution.
Get Smarter about what matters in CRE
Stay ahead of trends in commercial real estate with CRE Daily – the free newsletter delivering everything you need to start your day in just 5-minutes
Spotlight on Key Developments
In Fort Worth, Texas, Enterprise is backing Hughes House III as part of the ongoing Stop Six transformation. The project replaces outdated public housing with modern, high-quality homes. It will deliver 78 apartments, with most units affordable to households earning up to 60% of area median income.
In Griffin, Georgia, Enterprise is supporting the development of Parc at Solomon. This downtown project will include 69 apartments, with 62 units designated as affordable housing. It also features ground-floor retail space designed to help reactivate and strengthen the city core.
What’s Next
Backed by strong investor demand, Enterprise plans to continue leveraging its LIHTC platform to address the ongoing need for affordable housing. The organization’s reach extends nationwide, with a portfolio impacting over 1.1 million homes created or preserved since its founding. As housing costs rise and demand intensifies, affordable housing investments through vehicles like EHP 49 remain key to industry growth and social stability.
