In 2019, the Purple Line Equitable Transit-Oriented Development Collaborative (Purple Line Collaborative) received a JPMorgan Chase (JPMC) PRO Neighborhoods award. With this grant, the Purple Line Collaborative focused on lending to develop and preserve affordable housing and small businesses along the Purple Line—a light rail line being built in the Maryland suburbs of Washington, DC, to connect communities in Prince George’s and Montgomery Counties. The Purple Line Collaborative comprises three community development financial institutions (CDFIs): Enterprise Community Partners (Enterprise), with support from its CDFI, the Enterprise Community Loan Fund; the National Housing Trust (NHT), which manages the Purple Line Capital Pool; and the Latino Economic Development Center (LEDC).
Explore the project with the Urban Institute’s research report, as well as the animated video Preserving Communities Along the Purple Line. Produced in collaboration with Grayson Design Partners, the video documents the Purple Line Collaborative’s efforts to help develop an equitable development pipeline in the corridor. This effort, which cuts across the CDFIs’ three key priority areas, aims to ease the equitable development process by making financing easier to access for equitable development projects.
