About Enterprise Community Loan Fund
To make a good home possible for the millions of families without one by supporting community development organizations, investing capital for impact, advancing housing policy, and building and managing communities.
Focus Areas
Affordable housingCommunity developmentHousing financeRacial equityClimate resilienceEconomic wellbeingWorkforce developmentResident servicesHousing preservationHomeownershipTechnical assistanceAging in placeEarly learning facilitiesTribal housing
About Enterprise Community Loan Fund
Enterprise Community Loan Fund Inc. concentrates its grantmaking on predevelopment support for BIPOC developers, with recent awards repeatedly tied to capacity building for projects before construction financing is secured. The largest listed grant is $354,265 to Awa Holdings LLC in Washington, DC, followed by $300,000 to Agorsor Equity, also in Washington, DC, for the same purpose. Across the recent grants list, the funder uses sizable awards to help small and minority-owned development firms build project readiness, strengthen developer capacity, and advance real-estate work that can move into the pipeline. That pattern fits the organization’s broader role as a housing-focused funder that also makes program-related investments and supports technical assistance, advisory services, and financing for developers. Its grantmaking is not limited to one-off project checks: the record includes repeated awards to similar recipient types across multiple years and cities, suggesting a consistent strategy around early-stage housing development. In the active program list, the foundation also shows a parallel interest in housing innovation, preservation, and aging-in-place work, including multi-year initiatives and national competitions. The overall picture is of a lender-funder using grants to reduce early project friction and help housing developers move from concept to execution.
What Enterprise Community Loan Fund Funds
A core theme is predevelopment and developer capacity. In 2024, Enterprise Community Loan Fund Inc. gave $250,000 to Cjg LLC in Burien, Washington, and another $250,000 to Signature on 35th LLC in Tacoma, Washington, both for capacity building for predevelopment costs for BIPOC developers. That same purpose also appears in awards to organizations in Washington, DC, Maryland, Tennessee, and Virginia, showing a consistent emphasis on getting projects organized before construction. The foundation also funds place-based housing work. Housing Initiatives Partnership in Hyattsville, Maryland, received $250,000 for the same predevelopment purpose, while Banneker Ventures in Silver Spring, Maryland, received $199,680 in 2024. On the West Coast, Africatown Community Land Trust in Seattle received $200,000, and Seattle YMCA received $200,000, again tied to predevelopment capacity. A third strand is housing innovation and preservation. Active programs include the National Housing Innovation Grant Competition and the Mid-Atlantic Preservation Academy Cohort, both centered on ready-to-scale housing solutions and preservation of small- and medium-multifamily housing.
Financial Snapshot
Annual Giving
$1.4M
Total Assets
$551.8M
Total Revenue
$49.8M
Total Expenses
$33.2M
Typical Grant Size
Most grants fall between $55K and $200K, with a median of $150K.
25th Percentile
$55K
Median
$150K
75th Percentile
$200K
Geographic Reach
National6 states funded
About 10% of grants go to recipients in DC.
Funding intensity
LowHigh
Headquarters
Leadership
ELISE BALBONI
Accepts unsolicited proposals
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