 |
David Bowers, Enterprise Washington Director, speaking to Project Feasibility Class Photo: Jennifer Bonsall |
|
Enterprise’s Faith-Based Development initiative has upcoming trainings and events. Learn how houses of worship and other faith-based groups can transform a community through affordable housing and community facilities development. All sessions will be held at:
Tuesday, September 21, 2010 2 p.m. - 4 p.m.
Tuesday, October 19, 2010 1 p.m. - 4 p.m.
All sessions will be held at:
THEARC Community Room
1901 Mississippi Ave, SE
Washington, D.C. 20020
T
he Faith-Based Development Initiative (FBDI) is a collaboration of Enterprise Community Partners, East of the River Clergy-Police-Community Partnership and Georgetown University.
By December 2012, the initiative will:
- Create 434 new units of affordable housing
- Support 45 faith partners with housing and community development projects
Training
The Initiative provides regular development process trainings for the faith community. These may include nuts-and-bolts of development, public and private financing, organizational development, and risk management.
 |
Participants completing group exercises during April 2008 Project Feasibility Training Photo: Jennifer Bonsall |
Capital
Enterprise is committed to provide capital resources assist the faith community through grants, loans, and tax credits.
- Predevelopment Grant: This grant of up to $10,000 with a 25 percent match helps faith-based organizations defray early development costs.
- Community Loan Products: Enterprise's lending experts provide developers with
innovative short-term loan products.
- Multifamily Mortgage Finance: Enterprise offers competitive long-term mortgage loans for new construction and rehabilitation for affordable and market-rate multifamily housing.
- Tax Credits: Enterprise is one of the leading providers of Low-Income Housing Tax Credit (LIHTC) equity in the country and is one of the largest allocatees of New Markets Tax Credits (NMTC).
 |
Rev. Donald Isaac, ERCPCP Director Co-Convener, speaking at First Call to Action Session Photo: Deborah Stevenson |
Technical Assistance
We provide basic feasibility analysis, which includes a community profile, zoning and market analysis. We connect faith-based leaders with development experts
Partnership with the Pro Bono Legal Programs
The DC Bar Pro Bono Program and the Maryland Volunteer Lawyers Service volunteer their services to the faith community throughout the development process, as do legal clinics in Washington, D.C., including American University Washington College of Law; Georgetown Washington Law School; Georgetown Law School; and David A. Clarke School of Law at the University of the District of Columbia.
|
