| 55 West 125th Street | 1200 G Street NW |
| 11th Floor | Suite 400 |
| New York, NY 10027 | Washington, DC 20005 |
| 646.442.2200 Voice | 646.442.2239 Fax |
Enterprise seeks funds to capitalize a land-banking initiative that will allow CDCs to acquire residential-development properties on the private market before finalizing the end use or establishing the feasibility of a project. This initiative will help CDCs face the problem of rapidly increasing land prices in Atlanta .
Several CDCs have expressed interest in developing space for use by social service providers, such as child care facilities. Funds are needed to underwrite development costs.
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