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Enterprise’s Equitable Path Forward Initiative
December 20, 2020
Enterprise is launching Equitable Path Forward, a new, five-year, $3.5 billion nationwide initiative – and they’re excited to announce Netflix’s $25 million commitment in this initiative.
The multipronged initiative establishes an equitable path forward for Black, Indigenous, and People of Color (“BIPOC”) and other historically marginalized housing providers who create and preserve affordable homes in diverse communities, inclusive of a:
- $350 million Growth Fund that will provide debt, equity, grants and innovative credit enhancement that together will attract an additional $3.1 billion of capital to fill the gaping capital gap from decades of systemic racism.
- $15 million advisory services program for cultivation of local development organizations and small businesses.
- $10 million, two-year leadership program – modeled after the distinguished rotational programs at major industrial and financial firms.