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  • 12.05.08

Social Enterprises of the Year

These ten organizations comprise our honor roll of 2009 Social Enterprises of the Year. Will all of these ideas work in the long run and on a grand scale? Perhaps not. But they represent the kind of innovative thinking that can transform lives and change our world.

Enterprise Community Partners, has invested $9 billion in equity capital, pre-development lending, mortgage financing, and development grants to house low- and moderate-income Americans. It also helped create the low-income-housing tax credit that for 25 years has provided a way for the business world to address the need for affordable housing while still making a profit. That credit has accounted for some 90% of the affordable rental housing in the U.S. Now it is taking on the credit crunch with innovative financing and a green-building initiative.

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