Enterprise Community Partners Enterprise helps build affordable housing for low-income Americans by providing financing and expertise to community
and housing developers. Every 80 minutes, someone moves
into
a house we helped create. Enterprise Community Partners
is a national nonprofit that provides loans, grants and information resources. Our for-profit subsidiary, Enterprise Community Investment, offers tax credit financing and asset management services.Pictured at left: The courtyard at Broadway Crossing, Seattle,
a Green Communities project.
Photo by: Stefanie Felix.
House Committee Approves the G.R.E.E.N Act
On Wednesday, July 30, the House Financial Services Committee approved H.R. 6078, Green Resources for Energy Efficient Neighborhoods Act of 2008 (G.R.E.E.N. Act). This legislation, which now moves to the House of Representatives for a vote, would raise the bar for environmental performance in affordable housing, authorizing new federal resources for green affordable development while innovatively providing incentive to the private sector to invest in green affordable homes for people with low incomes. In June of this year, Enterprise Community Partners President and CEO Doris W. Koo testified before the Committee at a hearing on the G.R.E.E.N. Act. News release. (PDF, 25K)
Noteworthy
Bush Signs Housing and Economic Recovery Act of 2008 On July 30, President George W. Bush signed the Housing and Economic Recovery Act of 2008 into law. The legislation includes nearly $4 billion in one-time, emergency neighborhood stabilization funding. The bill will create housing trust and capital magnet funds. The legislation also includes a set of important provisions modernizing the Low-Income Housing Tax Credit (LIHTC) program, which is the nation’s largest affordable rental housing production program.
Read the statement from the Enterprise Community Partners on the legislation.(PDF, 26K)
Inaugural Bart Harvey Enterprise Fellow Named
Enterprise has selected UCLA School of Law graduate My Trinh(PDF, 1.7MB) as the first recipient of the Bart Harvey Enterprise Fellowship. Named in honor of Enterprise’s former chairman and CEO, the two-year fellowship exposes rising professionals to the spirit and mission of Enterprise’s affordable housing and community development work. Trinh brings an extraordinary commitment to public service. A former legal aid volunteer, Trinh helped set up law clinics to protect the rights of low-income tenants, immigrant communities and disadvantaged workers. Read more.
