Enterprise Community Partners has announced the appointment of Kari Downes as president of their housing credit investments division, taking over from Scott Hoekman. With a wealth of experience spanning two decades at Enterprise, Downes currently serves as executive vice president at Enterprise Housing Credit Investments and will now lead the Low-Income Housing Tax Credit (Housing Credit) syndication business. This includes overseeing a $16.6 billion investment platform.
During his tenure, Hoekman oversaw cumulative investments worth $20 billion and helped finance 2,800 developments while preserving 200,000 affordable homes. Lori Chatman, president of Enterprise’s Capital division praised Downes’ contributions to the company over her career: “In her more than 20 years at Enterprise, Kari has played an instrumental role in growing our business.” She also expressed confidence in Downes’ ability to lead the housing credit investments division during this crucial time when there is a growing need for affordable homes across the country.
The transition was also marked by gratitude towards outgoing leader Scott Hoekman for his exceptional leadership and dedication to fulfilling Enterprise’s mission of providing good homes for millions without one during his 30-year tenure with the company.
This announcement comes as part of ongoing efforts by Enterprise Community Partners to strengthen its position in providing affordable housing solutions nationwide.
