Lori Chatman will become president of the capital division of Enterprise, taking over from Charlie Werhane, who will transition to chair of the Bellwether Enterprise board of directors effective Jan. 1, 2022.
Under Werhane’s leadership, Enterprise has grown assets under management to $16 billion and built a platform that combines a leading housing tax credit business, an innovative Community Development Financial Institution, a fast-growing real estate equity business, and one of the largest New Markets Tax Credit (NMTC) businesses, said Priscilla Almodovar, president and CEO of Enterprise Community Partners, in an Enterprise update notice.
He’s also “instilled an unmatched culture of discipline, innovation, and mission in pursuit of measurable community impact and financial returns,” said Almodovar. The move allows Werhane to focus more on Bellwether Enterprise, the organization’s commercial and multifamily mortgage banking subsidiary.
Chatman joined Enterprise in 2004 and has been president of the Enterprise Community Loan Fund since 2008. In addition, she has been head of the NMTC and Opportunity Zone businesses. Chatman has also spearheaded Equitable Path Forward, Enterprise’s $3.5 billion initiative to address racial inequities in the real estate industry by investing in diverse developers through a wide range of capital products
Earlier in her career, Chatman was the director of lending for the Calvert Social Investment Foundation (now Calvert Impact Capital), and led NCB Development Corp.’s national lending programs (now Capital Impact Partners).
