American Jobs and Closing Tax Loopholes Act Statement from Michelle Whetten, Vice President and Gulf Coast Director.
Enterprise commends the U.S. House of Representatives for passing H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010. This legislation includes several key provisions that advance affordable housing and community development, and is a critical step in continuing the rebuilding of the Gulf Coast. We encourage the Senate to move quickly to adopt this essential legislation. (May 28th, 2010, PDF 59K).
Vice President Biden Attends Grand Opening Of Enterprise-Supported Development In Gulf Region
Enterprise Urges Congress to Support Continued Rebuilding Efforts by Extending Placed-In-Service Deadline Read the news release (January 29, PDF, 29K)
Enterprise Discusses Green, Affordable Housing with Senate Energy and Resources Committee
Enterprise Vice President for Green Initiatives Dana Bourland joined a panel of industry experts and Senate Energy and Resources Committee Chairman Senator Jeff Bingaman (D-N.M.) along with other committee members on November 16 to discuss energy-efficient affordable housing. Proposed Senate legislation calls for more than $2.5 billion in new funding to help make single-family and multifamily housing healthier, cost effective and energy efficient for low-income families. Other panelists included Roger Platt of the U.S. Green Building Council, Dennis Creech of Southface and Greg Thomas of Performance Systems Development. Review Ms. Bourland's presentation. (PDF, 5MB)
HUD Approves Enterprise's New Effort to Support Partners and Preserve Community Assets
Enterprise recently received approval from HUD to dedicate $5 million to a new Partner Support to Preserve Community Assets program. The program will be funded through a $13 million grant from HUD awarded to Enterprise in early 2009. The prolonged economic downturn is negatively affecting many of Enterprise’s key housing development partners, threatening both the pipeline of affordable housing development and their existing property portfolio. These efforts will help local affordable housing developers weather the current economic challenges, ultimately preserving critical community assets that these community-based developed organizations have developed over the past several decades. Enterprise will assist partners by providing organizational and financial analysis and planning, resulting in recommendations and strategies aimed at improving their financial liquidity and overall financial position. To achieve these goals, Enterprise will provide low-cost loans, direct training, consulting services and grant funding.
To learn more about this new Enterprise effort, please contact Karen Lado, Western region, at 303.376.5410 or Keith Fairey, Eastern region, at 212.284.7106.
Former Enterprise Executive Jim Himes featured as a rising star on MSNBC
In a broadcast story on MSNBC, Congressman Jim Himes (D-Conn.) discussed what convinced him to run for office and how his experience working with Enterprise and financial institutions has helped him lead the way in turning the economy around. He also discussed the key pieces of President Obama's new proposal to reform the regulation of the financial services industry. Watch the video.
Enterprise Testifies Before Congress on Need for Energy Efficiency Legislation
Doris W. Koo, president and CEO of Enterprise Community Partners, testified before the House Financial Services Subcommittee on Housing and Community Opportunity at a hearing focused the Green Resources for Energy Efficient Neighborhoods Act of 2009. News Release (PDF, 26K, June 11, 2009 | Testimony
The Affordable Housing Podcast by Eden Housing
The American Recovery and Reinvestment Act, also known as the Stimulus Package, provides unprecedented funding for building energy retrofits. On the June 1 episode of the Affordable Housing podcast, Joanne Greene speaks with Dvora Lovinger, senior director of government affairs about the specific programs that will help to rehabilitate public housing units, provide grants or loans to owners of "HUD-assisted" housing, help low income homeowners to weatherize their homes, and more.
Enterprise Uncovers Promising Approaches in Neighborhood Stabilization Program Plans
Enterprise Community Partners unveiled the findings of its report "The Challenge of Foreclosed Properties: An Analysis of State and Local Plans to Use the Neighborhood Stabilization Program,” which includes analysis of 87 of the 306 plans submitted by state and local Neighborhood Stabilization Program (NSP) grantees. Read the report. (PDF, 60K) Stabilization Program Media Coverage
In an article featured in the March issue of Urban Land, Enterprise Community Partners President and CEO Doris Koo refutes recent claims that the Community Reinvestment Act (CRA) was a catalyst for the subprime mortgage crisis in the United States. Read the article. (PDF, 552K)
Enterprise Joins Rep. Perlmutter and Others to Discuss G.R.E.E.N Act. (PDF, 25K, March 27, 2009)
On Tuesday, March 24, representatives from Enterprise Community Partners, Inc. (Enterprise) joined Representative Ed Perlmutter (D-Colo.) and a small group of organizations equally concerned about energy efficiency and green building for a roundtable discussion on changes and updates to the Green Resources for Energy Efficient Neighborhoods (G.R.E.E.N.) Act. News Release. (PDF, 25K)
Ali Solis Named a Senior Executive
Enterprise names Alazne (Ali) Solis senior vice president and senior executive to oversee corporate affairs as well as public policy. Bio | News Release. (PDF, 24K)
Enterprise Applauds Congress for Passage of Housing-Related Provisions in Economic Recovery Bill
Enterprise Community Partners, Inc. commends Congress and the Administration on swift passage and enactment of the American Recovery and Reinvestment Act of 2009 (H.R. 1), which includes important housing and community development legislation and addresses the overall economic crisis. News release. (PDF, 29K, Feb. 23, 2009)
Enterprise Applauds Congress for Passage of LIHTC Provisions in Economic Recovery Bill
Enterprise Community Partners, Inc. commends Representatives for their leadership in ensuring congressional passage of the American Recovery and Reinvestment Act of 2009 (H.R. 1), which includes important provisions that restart affordable housing development financed by the Low-Income Housing Tax Credit (LIHTC) program. News release. (PDF, 28K, Feb. 20, 2009)
Enterprise Applauds Obama Administration for Passage of Homeowner Affordability and Stability Plan.
Enterprise Community Partners, Inc. commends President Barack Obama and the Obama Administration for their leadership on the Homeowner Affordability and Stability Plan, which will allow millions of families to restructure or refinance their mortgages and avoid foreclosure. News release. (PDF, 24K, Feb. 20, 2009)
Enterprise Policy Vice President Meets with Secretaries Geithner, Donovan to Discuss Neighborhood Stabilization
On February 11, Ali Solis, Enterprise Community Partners vice president for public policy, spoke with Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan at a meeting attended by financial institutions, trade associations and nonprofits.
At the meeting, Solis discussed the importance of a place based neighborhood stabilization approach that deals with the front-end (wholesale loan modifications for troubled borrowers) and back end (impacts of vacant properties on whole communities). She also pointed out that TARP funds should be used to create systemic ways to deal with both ends.
Letter Supporting Selection of Shaun Donovan
Enterprise applauds President-elect Barack Obama for selecting Shaun Donovan to lead the U.S. Department of Housing and Urban Development (HUD) and urges the Senate Banking Committee to quickly approve his nomination. Read the support letter. (PDF, 31K)
Enterprise Commends President-Elect Obama for Selection of Shaun Donovan to Lead U.S. Department of Housing and Urban Development
Currently, Shaun is commissioner of the New York City Department of Housing Preservation and Development. His vision and leadership have been the driving force behind Mayor Michael Bloomberg’s 10-year, $7.5 billion New Housing Marketplace Plan, which is the largest municipal housing plan in the country and a model for how to create and preserve affordable housing for cities across the country. News release. (PDF, 24K, Dec. 16, 2008)
Comptroller Dugan Says CRA not Responsible for Subprime Lending Abuses
The Community Reinvestment Act (CRA) “helps banks do what they should be doing,” keynote speaker Comptroller of the Currency John Dugan told attendees of the 2008 Enterprise Community Conference. Dugan's prepared remarks and the news release. (PDF, 140KB)
Statement Regarding Community Reinvestment Act (CRA)
On Oct. 13, 2008, Doris W. Koo, president and CEO of Enterprise Community Partners, released a statement regarding the recent incorrect comments made that blame the Community Reinvestment Act (CRA) and minority homeowners for the current economic crisis. Koo states that not only has CRA not caused this crisis, it has helped build our nation’s economy during the past three decades. Read the CRA packet (333KB) containing the news release and fact sheet.
House Passed Energy Legislation with GREEN Act provisions
On Sept. 17, 2008, the House passed the Green Resources for Energy Efficiency Act (the GREEN Act, H.R. 6078) as part of the Comprehensive American Energy Security and Consumer Protection Act (H.R. 6889). The GREEN Act measures will help revitalize our economy by making energy efficiency practices more affordable, accessible and achievable by consumers, businesses and government entities. News release. (PDF, 25K, Sept. 17, 2008)
Statement From the Save America's Neighborhoods Campaign
Enterprise Vice President of Public Policy Participates in ULI Fall '08 Meeting
Ali Solis, vice president of public policy, participated in the ULI Fall '08 Meeting held from Oct. 27-30, in Miami, FL. Solis took part in a panel titled, "Billion dollar Federal Rescues from Main Street to Wall Street." The session, moderated by Barry Zigas, Principal, Zigas & Associates and Enterprise Trustee, brought together housing industry experts to discuss the implementation of the Housing and Economic Recovery Act and the Emergency Economic Stabilization Act of 2008. The other housing industry experts were Jeffrey Hayward, Senior Vice President, Housing and Community Development, Fannie Mae and Benson "Buzz" Roberts, Senior Vice President, Policy & Program Development, Local Initiatives Support Corporation. The panel also examined how these two landmark pieces of legislation affect consumers, neighborhoods, and lenders. Read the presentation. (PPT, 9953K, Oct. 10, 2008)
HUD Housing Summit on Neighborhood Stabilization Program
Ali Solis, vice president of public policy for Enterprise Community Partners, spoke at the HUD-sponsored Summit on Enterprise’s response to the increasing number of communities affected by foreclosures.
HUD Housing Summit on Neighborhood Stabilization Program
On Oct. 7, 2008, Ali Solis, vice president of public policy for Enterprise Community Partners, participated in the HUD-sponsored Summit on Housing: Partnering for Responsible Policy plenary titled "Best Practices for Neighborhood Stabilization".
During the plenary, Solis talked about Enterprise's response to the increasing number of real estate-owned properties in communities affected by concentrated foreclosures. Solis also discussed Enterprise's experience in facilitating the purchase, rehabilitation and affordable resale of foreclosed homes through the HUD Asset Control Area program and how it has served as a model for the formation of the National Community Stabilization Trust.
The summit brought together more than 800 housing and finance leaders from the government, private and nonprofit sectors to Washington, D.C., for a two-day briefing by HUD officials and panel discussions on the Neighborhood Stabilization Program, the Housing and Economic Recovery Act of 2008, the HOPE for Homeowners program and other foreclosure prevention and loss mitigation programs. Read the HUD Summit presentation. (PPT, 2MB, Oct. 7, 2008)
KnowledgePlex online chat "The 2008 Federal Community Stabilization Grants"
On Thursday, Oct. 2, 2008, Partners vice president of public policy Ali Solis joined other housing experts for the KnowledgePlex online chat "The 2008 Federal Community Stabilization Grants". The panelists shared their strategic frameworks and checklist for preparing, adopting, and implementing a foreclosure/vacant properties stabilization action plan and shared their ideas on how to spend community stabilization funds wisely. View the panelists' presentations.
Enterprise Addresses Foreclosure Crisis at Congressional Black Caucus Foundation Legislative Conference
As part of its 38th Annual Legislative Conference, on Thursday, Sept. 25, 2008 the Congressional Black Caucus Foundation held a town hall meeting on the foreclosure crisis. Enterprise Vice President of Public Policy Ali Solis joined Rep. Barney Frank (D-MA), NeighborWorks President Ken Wade and other concerned leaders to discuss and answer questions regarding the current economic crisis and examine the national and regional repercussions.
Trustee Edward Norton Testifies
Actor, director and Enterprise Community Partners Trustee Edward Norton testified on May 14, 2008 on Capitol Hill, urging lawmakers to put opportunities for low-income people at the forefront of the nation's response to the climate-change crisis.
