The importance of where we live has never been clearer than it is today. Every day, we continue to learn just how much our environment impacts our lives – our financial stability; our children’s cognitive and physical development; their health and safety; the strength of our social networks; and our access to vital resources. In short, where we live overwhelmingly determines our access to opportunity in life.
At the center of this is our home.
Home is much more than a shelter. It is a platform – the critical first rung on the ladder of opportunity. At Enterprise, we believe that opportunity begins when people have a safe, healthy and affordable place to call home – it grows with access to good schools, jobs, transit and health care.
Yet, the reality is that for too many families, that critical first rung is in danger of slipping away. Today, 19 million families are either homeless or spending at least half their paychecks on housing. This leaves them severely cost-burdened, unable to pay for other critical expenses, like nutritious food or transportation to get to work. In the face of rising rents and stagnating wages, families are often just a paycheck or illness away from losing their homes and seeing their lives unravel.
Adding to this insecurity: too often families’ homes are isolated from opportunity.
That’s why at Enterprise we look far beyond the raw number of housing units we help create and work to ensure that the homes we make possible are affordable to low-income families; available in markets where the supply gap is growing; healthy, well-designed and sustainable over the long run; and connected to opportunity.
In more than three decades of supporting communities throughout the U.S., with $18.6 billion invested, nearly 340,000 affordable homes built or preserved, over 2,500 partnerships cultivated and a long track record of leading policy changes, we have learned what it will take to provide every family with a quality, affordable home connected to opportunity.
Creating opportunity requires new levels of capital in our communities; transformational public policy on the federal, state and local levels; innovative solutions on the ground, across the country; and the support of critical partners like you.
Enterprise’s work in 2014 demonstrates how we will get there. With the help of our partners, last year we invested $2.7 billion for impact, including investments in over 16,400 quality, affordable homes for families across the country. This resulted in over $3,000 in new and meaningful discretionary income for each of the families touched by our work.
Our investments contributed to the creation of over 28,000 new jobs, leading to $1.29 billion in new income for U.S. workers. Our investments also went well beyond housing, toward other key community assets, like local health centers, which will serve 27,000 new patients in need of care.
But those numbers only tell part of the story. In this annual report, we show you how a quality home has helped Trenise Bryant and her family rebuild their lives in New Orleans. You will see how an affordable home developed near public transit is helping link Jack Avila to better health and family stability in Denver. You will learn how in Southern California we’re helping to bring needed physical and mental health care services to children and families, right in their community.
The stories in this report illustrate how our success is only possible through the support of our partners. We need your help. Whether it is through a gift, an investment or on-the-ground partnership, your support is essential.
We look forward to a day when everyone, regardless of circumstance, has a safe, healthy and affordable home in a thriving community.
Your involvement makes all the difference. Thank you.
Terri L. Ludwig
President & CEO
Enterprise Community Partners, Inc.
J. Ronald Terwilliger
Chairman of the Board
Enterprise Community Partners, Inc.