2030 Finance | September 12, 2017

Enterprise Community Partners launches $10 million fund for Harvey aftermath

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

The Maryland-based supportive-housing organization invested hundreds of millions of dollars for community development in areas affected by Hurricane Katrina and Superstorm Sandy.

Now it is tapping that experience to support communities affected by Hurricane Harvey. “It’s been said that Hurricane Harvey will transform a generation,” Enterprise notes on its blog. “We must act now to ensure that the storm’s scars create resilience rather than desperation.”

Enterprise is seeding the $10 million fund with $500,000 in immediate grants to nonprofit relief organizations helping low-income residents in drenched parts of Texas and Louisiana. (The Harvey Community Recovery Fund donation page can be found here.)

Longer-term commitments will aid non-profits in their rebuilding efforts and help raise private-sector capital to redevelop low- and middle-income communities.