A new report published by Enterprise, More than A Home: Investing Together to Create Opportunity, explores the impacts of community investments on the success and well-being of its residents. In doing so, Enterprise uses a framework defining the key indicators of opportunity as housing stability, education, health and well-being, economic security, and mobility.
To illustrate the positive effects of community investment, Enterprise focuses this piece on a case study of a successful and thriving affordable housing development in Arlington, Virginia – Clarendon Court. The investments in this community were part of a strategy called Our Region, Your Investment. Our Region, Your Investment allows local individuals, institutions, and businesses to invest in the community, with measurable indicators demonstrating success.
The Arlington County case study demonstrates how strategic actions support the sustainability of the project, improve residents’ lives, and guarantee affordability into the future. These actions include guaranteeing the County has the advantage to purchase the property first if the property owner ever decided to sell, as well as planned upgrades and improvements to the property.
Since 1990, the Enterprise Community Loan Fund has invested more than $1.6 billion in housing, health care, education, and community investments for low-income individuals. In Connecticut, the Loan Fund has invested $225,000 during that time period.
Enterprise will also host a webinar on the release of this new report on December 7, 2017 from 2:00 p.m. to 3:30 p.m.
Click here to read more and here to register for the free webinar.