December 2011


News | Tools | Events & Conferences | Stay Connected


Because of you, more people are coming home to hope and opportunity this year.

Thank you for your partnership and support. Together, we’re making a difference in communities nationwide.

From all of us at Enterprise, we wish you a very happy holiday season, and a prosperous New Year!

 
In this issue:    

  • Terri Ludwig Makes Forbes List
  • More Support for Green Retrofits
  • $50 Million Investment in Affordable Housing
  • New Architectural Fellows Named
  • Breaking Ground, Opening Doors
  • Faith-Based Development

NEWS

Forbes Names Terri Ludwig Top Social Entrepreneur
Forbes magazine named Enterprise Community Partners President and CEO Terri Ludwig to its Impact 30 list of the world’s top social entrepreneurs – influential leaders helping to meet social and economic challenges. Ludwig’s distinguished 23-year career in banking and nonprofit leadership includes serving as president of the Merrill Lynch Community Development Company, and president and CEO of ACCION New York, the largest nonprofit micro-lender in the United States.

Green Retrofit Financing Expands with New Funding
A $5.5 million loan and operating grant from Bank of America will be the catalyst for expanding the Enterprise Community Loan Fund’s green retrofit financing program for affordable housing. The funds will help Enterprise to finance green retrofits and environmental initiatives in low-income communities, contribute to local job creation and reduce overall energy usage.

Nation's Largest Healthcare Provider Partners with Enterprise
UnitedHealth Group and Enterprise announced a national $50 million investment partnership to expand access to affordable housing in communities throughout the country. New Mexico Gov. Susana Martinez joined partners in Santa Fe last week to announce the partnership's first investment in three New Mexico communities.

Enterprise Rose Architectural Fellowship Welcomes Newest Class
Five of the brightest young minds in design will join the newest class of Enterprise Rose Architectural Fellows. They will bring their design expertise to projects ranging from senior housing to neighborhood redevelopment to community support for farmworker families. Congratulations to the Enterprise Rose Architectural Fellowship class of 2012-2014:

 New Beginnings: Breaking Ground, Opening Doors

  • 36th Street Apartments for Transition Aged Youth, Los Angeles (Photos) Young adults joined Enterprise, Little Tokyo Service Center and the Coalition for Responsible Development to celebrate the grand opening of 36th Street Apartments. This new development will provide permanent homes with services for residents 18-25 years old, who have transitioned out of foster care. 36th Street Apartments will include on-site case management, life skills training, counseling, referrals to mental and physical health services, and employment training programs.
  • Bay Pines, Bay St. Louis, Miss. As part of a shared commitment to revitalize Gulf Coast communities, Enterprise, Bay Waveland Housing Authority and Centerpointe Regional celebrated the grand opening of Bay Pines last month. Featuring 100 affordable cottage-style rental homes, a community center and on-site services, Bay Pines is built to be hurricane resistant and energy efficient.  

  • High Place West Apartments, Santa Monica, Calif. Consistently ranked as one of the most expensive housing markets in the state, Santa Monica, Calif., is a tough place for working families to find affordable housing. Enterprise’s recent $8.3 million Low-Income Housing Tax Credit equity investment will help fund the development of 47 green affordable homes for families earning up to 60 percent of the area median income. 

Helping Houses of Worship Create Affordable Housing
Enterprise’s Faith-Based Development Initiative was highlighted in a two-part series in the Washington Post. David Bowers, Enterprise vice president and Washington, D.C., market leader, explained how the initiative, launched in collaboration with East of the River Clergy-Police-Community Partnership, Wesley Theological Seminary and Georgetown University, has brought a critical scale of new affordable homes to the D.C. area.

The Ramoses Story: Building a Family’s Future
Adriana and Guillermo Ramos moved to Royal City, Wash., in pursuit of steady, year-round employment as farm workers to provide their daughters with more opportunities. However, the couple found that decent affordable housing was in short supply—until they discovered Reino del Cielo, a green community designed especially for the unique needs of farmworker families. The Office of Rural and Farmworker Housing and Catholic Charities Housing Services of Yakima developed Reino del Cielo with a $7.4 million Low-Income Housing Tax Credit investment and $900,000 bridge loan from Enterprise.

 

Enterprise Recognized Among Baltimore’s Top Workplaces: In its annual Top Workplaces competition, the Baltimore Sun ranked Enterprise seventh overall in the mid-sized employers category, based on employee survey results.

Silver Gardens Apartments Wins EPA Smart Growth Award (Video)

The Environmental Protection Agency (EPA) honored Silver Gardens Apartments in Albuquerque, N.M., (at right) an Enterprise Green Communities development, with its 2011 National Award for Smart Growth Achievement.

Learn more about Silver Gardens.

What Does the Super Committee's Failure Mean for Affordable Housing? The Super Committee failed to produce a deficit reduction plan. On the Enterprise blog @the horizon, Jeanie Shattuck, legislative and policy analyst at Enterprise, explains the implications for crucial affordable housing and community development programs.

Go Inside Community Development (PDF): Read the latest news from Enterprise Homes in the fall issue of Inside Community Development.

TOOLS

Careers at Enterprise: Fundraising, Green Initiatives, IT and More
At Enterprise, we are committed to growing a talented, mission-driven workforce. Learn about career opportunities nationwide and apply online through our website. 

 Online Tools for Supportive Housing Providers
For people who have been chronically homeless, a permanent home with access to services works. The success of Cleveland’s Housing First Initiative is proof. Visit the new Housing First website for outcomes and cost-reduction data, tools and resources, and success stories.

EVENTS & CONFERENCES

2012 Housing Finance Agency Institute
Jan. 8-13, 2012 | Washington, D.C.

Novogradac Tax Credit Developers Conference
Jan. 12-13, 2012 | Miami
Featuring Raoul Moore, Enterprise Senior Vice President, Tax Credit Syndication

Nebraska Housing Innovation Conference
Jan. 24-25, 2012 | Omaha, Neb.

Novogradac New Markets Tax Credit Conference
Jan. 26-27 | San Diego

New Partners for Smart Growth Conference
Feb. 2-4 | San Diego

ENTERPRISE LIVE ONLINE EVENTS

Policy Update: The U.S. Congress and Housing in 2011
Dec. 15 at 3:30 pm EST

HUD NSP TA Series: Open Forum Q&A
Dec. 20 at 2 p.m. EST

Register for Enterprise live online events.

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