Diane and Norman Bernstein Foundation Invests $500,000 for Affordable Homes in Greater Washington Region
Our Region, Your Investment Gets Traction with Local Investors
Since its launch in January, Our Region, Your Investment has been presented to community members and local stakeholders as an investment opportunity to end the housing crisis in the Greater Washington region. Recent news coverage has featured our leadership in addressing the region’s housing crisis, and research has stated that a lack of affordable housing threatens our region’s economic competitiveness. Our Region, Your Investment provides an actionable step that concerned citizens and organizations can take to be part of the solution.
So far, individuals, nonprofit organizations, and foundations have made investments to provide affordable homes in the region. The most recent investment came from the Diane and Norman Bernstein Foundation, which invested $500,000 to further the impact we are already having.
The Diane and Norman Bernstein Foundation is working to address the deficit in housing affordability in the D.C. area. An investment in the Enterprise Community Impact Note aligns our investment strategy with our mission and leverages our impact. We are grateful for the opportunity that Our Region, Your Investment has created to invest funds in ways that promote additional investment in housing solutions.
– Joshua Bernstein, President, Diane and Norman Bernstein Foundation
Along with other investments, this money is hard at work supporting projects such as Fort Stevens Place in Washington, D.C. and Clarendon Court in Arlington, VA. Combined, these investments have ensured that 160 families are not forced to leave our community due to unhealthy living conditions and/or unaffordable rents.
If you are interested in making an investment that provides a blended social and financial return, contact Rachel Reilly Carroll and visit the Impact Note webpage to learn more about Our Region, Your Investment!
Disclosure: The Enterprise Community Impact Note is offered by Enterprise Community Loan Fund, Inc., a nonprofit 501(c)(3) corporation. It is guaranteed by Enterprise Community Partners, Inc., a nonprofit 501(c)(3) corporation. The Enterprise Community Impact Note is not FDIC or SIPC insured and is only available in states where authorized. This brochure is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering is made only by the prospectus, which can only be delivered by eligible employees of Enterprise Community Loan Fund, and should be read before investing. WRAG is not affiliated with Enterprise Community Loan Fund, Inc. or Enterprise Community Partners, Inc. WRAG is not offering to sell nor soliciting an offer to buy these securities. WRAG is not providing advice, receiving compensation, or making any suitability determinations in respect to you.