Enterprise Community Partners
For more than 30 years, Enterprise has introduced solutions through public-private partnerships with financial institutions, governments, community organizations and other partners that share our vision that one day, every person will have an affordable home in a vibrant community, filled with promise and the opportunity for a good life. Our mission is to create opportunity for low- and moderate income people through affordable housing in diverse, thriving communities. For housing to be a springboard to a good life, it must exist in a supportive living environment with jobs, quality schools, child care, transportation, health care and support for seniors, with access to parks, community spaces and food and retail services that support a healthy lifestyle. Enterprise develops and preserves affordable housing in communities linking people to opportunities for success. When these links are absent, Enterprise forms partnerships and bridges gaps toward creating more vibrant places for people to live and pursue their dreams. Since 1982, Enterprise has raised and invested nearly $16 billion in equity, grants and loans to help build or preserve nearly 320,000 affordable rental and for-sale homes to create vital communities and more than half a million jobs nationwide. The Great Recession and growing income disparity have severely aggravated U.S. poverty levels and basic needs, especially among seniors and other vulnerable individuals. Because of our expertise in affordable housing investment and development, innovative solutions, policy and green initiatives, Enterprise is a national voice, driving social and financial innovation across private, public and government sectors. Enterprise is advocating for policy solutions and creating new approaches and partnerships to end the foreclosure crisis, such as the Mortgage Resolution Fund. The fund’s goal is to raise $1 billion to help families remain in their homes and stabilize communities. More than 51 percent of all homes financed with Enterprise support meet the Enterprise Green Communities Criteria, the only national framework for building and preserving green affordable housing. Headquartered in Columbia, Md., Enterprise has offices and an on-the-ground presence across the United States. We offer a range of financial products and programs to improve and increase the supply of affordable housing as well as revitalize communities. In the Baltimore-Washington region, Class B/C apartments – built in the last 15-30 years or more, with mid-level overall quality – comprise about 60 percent of the total rentals on the market. In the mid-Atlantic region, these apartments have extremely low vacancy rates, even though demand for affordable apartments in the area is high. That’s why Enterprise Homes is acquiring, upgrading and closely managing Class B/C apartment properties, creating new affordable options for low- and moderate-income people. We’re bringing apartments from Class B/C up to Class B+/B in these areas: Central Maryland Washington, D.C. Northern Virginia Southern Pennsylvania
Real Estate Specialization
| Multifamily |
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
| Debt |
Investment Style
| Value-add |
| Opportunistic |
Typical Deal Size
| $5,000,000 - $10,000,000 |
Elizabeth O'Leary
Charles R. Werhane
- 410.772.2577
- cwerhane@enterprisecommunity.com
In 2009, Charles R. Werhane was appointed president and chief executive officer of Enterprise Community Investment, Inc., after serving as vice chairman and chief operating officer of the company since 2005. Enterprise is a national leader in providing development capital, financial solutions, public policy advocacy and technical expertise for the creation of affordable housing and community development in low- and moderate-income neighborhoods across the U.S. Since 1982, Enterprise has raised and invested more than $11 billion in equity, grants and loans to help build or preserve affordable housing nationwide. Charlie brings more than 30 years of professional real estate, commercial banking and tax credit industry experience to his career at Enterprise, where he oversees and directs financial products and services, including Asset Management, Capital Markets, Multifamily Mortgage Finance, Structured Finance and Tax Credit Syndication. Under Charlie’s leadership, Enterprise has grown to be the leading Low-Income Housing Tax Credit (LIHTC) syndicator. In addition, he established Enterprise’s New Markets Tax Credits (NMTC) program, which helps finance commercial and mixed-use development and helps create jobs in underserved communities. Enterprise’s NMTC program has grown to be one of the largest in the nation, now targeting sustainable, green development through the Enterprise Green Communities initiative. Charlie played an instrumental role in developing Enterprise’s five-year Strategic Plan, designed to connect $5 billion in capital to communities, provide innovative financial solutions and transform affordable housing policies. Charlie is committed to exploring new investor funds, including acquisition loan funds, regional equity funds, green retrofit and green loan products. His focus on sound investment strategies, risk management and innovation has helped Enterprise maintain its leadership position in the industry. Prior to joining Enterprise, Charlie was president and CEO of USF&G Realty Advisors, Inc., where he directed investment activities, new product development and client relations. Charlie received a Bachelor of Business Administration from the University of Wisconsin Milwaukee, and is a graduate of the Southwest Graduate School of Banking, Southern Methodist University.
Bruce Rothschild
Marian O'Conor
Kenneth Crawford
Jeffrey Galentine
Sally Hebner
Craig Mellendick
B. Williams
Terri Ludwig
- 212.284.7178
- tludwig@enterprisecommunity.org
Terri Ludwig is president and chief executive officer of Enterprise Community Partners, Inc., a national nonprofit provider of development capital and expertise to create affordable homes and rebuild communities. Enterprise has pioneered neighborhood solutions through public-private partnerships and invested nearly $14 billion to create 300,000 affordable homes. Terri is chair of the Enterprise Community Investment Board of Directors, chair of the Board of Directors of Enterprise Community Loan Fund and serves as a member of the Enterprise Community Partners Board of Trustees. With 23 years of experience in investment banking and nonprofit leadership, Terri joined Enterprise in 2009 as executive vice president and chief operating officer. She began her tenure as president and CEO in January 2011. From 2002 to 2009, Terri served as president of the Merrill Lynch Community Development Company, where she led community development, committed more than $2 billion in loans and investments, launched a successful social investment platform for Merrill Lynch’s private clients and served as a senior advisor on diversity issues. Prior to Merrill Lynch, Terri was the president and CEO of ACCION New York, the largest nonprofit micro-lender in the United States, whose mission is to lend small business owners the capital and support they need to achieve success. Following the Sept. 11 tragedy, Terri mobilized a team to establish the American Dream Fund, a disaster relief fund delivering loans and technical assistance to small business owners who lost their livelihoods in the disaster. Prior to her work at ACCION, Terri launched a highly successful international sales effort for Global Foreign Exchange at Credit Suisse First Boston with offices in London, New York and Hong Kong. In addition, Terri spent eight years with Merrill Lynch in the Structured Investment and Global Foreign Exchange groups, creating global investment strategies for institutional clients, including hedge and mutual funds, central banks and corporations. Terri was a Presidential appointee to the U.S. Department of the Treasury Advisory Board for Community Development and Financial Institutions and currently serves on the New York City Energy Efficiency Corporation Board of Directors. She serves on numerous executive and advisory boards and was selected for the Social Innovation Fellowship for Nonprofit Leaders at the Stanford Graduate School of Business and the David Rockefeller Fellows Program. In 2011, Forbes Magazine named Terri to its first-ever "Impact 30 List," a roster of 30 of the world's leading social entrepreneurs. Terri holds a bachelor’s degree from the University of Illinois at Urbana-Champaign, and a master’s degree from Harvard University’s John F. Kennedy School of Government.