Kari Downes is the president of Housing Credit Investments, Enterprise’s Low-Income Housing Tax Credit syndication business, one of the largest syndication businesses in the country with cumulative investments topping $20 billion. She oversees the acquisition, underwriting, and placement of $1.5-2 billion annually in LIHTC transactions, as well as the asset management of Enterprise’s multi-billion-dollar housing credit portfolio.

Kari has been in the housing credit business for over 20 years. She began her Enterprise career in 2002 managing acquisitions in several southwestern states. From 2007 to 2018, she managed the capital markets/investor relations group, providing direction and oversight for the company’s key investor relationships for the LIHTC product. She was also responsible for the development and implementation of all investment fund strategies, including structuring, pricing, and closing. Most recently, as executive vice president of Housing Credit Investments, she oversaw the investor services and operational workings of the business, including the investor relations and capital raising teams, credit, LIHTC structuring services, business systems, and our asset management affiliate Enterprise Community Asset Management (ECAM).

Before joining Enterprise in 2002 as a development officer, Kari was an underwriter with Lennar Affordable Communities. Prior to that, she worked as a market analyst for Lend Lease/Boston Financial. She has a bachelor’s degree in finance and operations management from Boston University.