Staff Report

HARDEEVILLE – The Community Development & Improvement Corp., Jasper County Neighbors United and Enterprise Community Investment Inc. will hold a grand opening and tour today of an affordable housing community near U.S. Highway 321 in Hardeeville.

The tour of Deerfield Village will be held today at 10:30 a.m. and feature a number of local, state and national guest speakers.

Deerfield Village is a new community of 26 detached, single-family rental homes created for families earning 50 percent or less of area median
income. The 10-acre development is located within a larger 79 acre property and former timber farm recently annexed into the city of Hardeeville and will include an amenity center and green space. Two of the 26 homes will be available for families with disabilities. Deerfield Village is financed with $3.3 million in low-income housing tax credit equity investment from Enterprise.

The Community Development & Improvement Corp. was formed in 1996 as a subsidiary non-profit of the Aiken Housing Authority. The
corporation, formerly New Labor Housing and Economic Development Corp. was created to address the challenges the low- to moderate-income families encounter and to provide education, experience, jobs and promote a future of self-reliance.

Established in 2000, Jasper County Neighbors United assists low-income and disadvantaged residents of Jasper County and its surrounding
communities through social services, community and economic development, housing, education, recreation and transportation.

Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild
communities. For 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions,
governments and community organizations. Enterprise has raised and invested $8 billion in equity, grants and loans to finance more than 225,000 affordable rental and for-sale homes. Enterprise currently invests in communities at a rate of $1 billion a year.