Elaine DiPietro

Meet Elaine

About Elaine DiPietro

Elaine founded Blooming Ventures LLC in June 2016 to utilize her experience in the New Markets Tax Credit (“NMTC”) industry to provide consulting services to project sponsors and community development entities. Prior to forming Blooming Ventures, Elaine was vice president for Enterprise Community Investment, Inc., where she was responsible for the management of all facets of Enterprise’s NMTC program, including investor and government relations, deal selection, underwriting, and portfolio management. Elaine also managed the provision of compliance and accounting services to other NMTC community development entities.

Enterprise is one of the largest recipients of NMTC allocation. Under Elaine’s direction, Enterprise managed a portfolio of over $800 million of investments.

Elaine is a frequent speaker at NMTC industry conferences and has published articles in industry journals. Elaine has served on several advisory and governing boards for NMTC community development entities.

Elaine is a CPA and graduated with honors from King’s College in Wilkes- Barre, PA. Prior to joining Enterprise Elaine was an auditor with Deloitte and focused on mergers and acquisitions.

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“NTCIC’s work is important because although there are many sources of investment capital, not all bring the expertise and intention that NTCIC demonstrates. NTCIC’s work helps preserve historic buildings – an important task on its own – but also provides critical capital to community development initiatives that might otherwise struggle to find financing. NTCIC’s investments and asset management show that purpose driven investments create impact beyond financial returns.”