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Leading Community Investment Company Announces Vice President Promotions

Submitted by: Enterprise Community Investment, Inc.

Categories: Socially Responsible Investing, Green Jobs & Career News

Posted: Feb 20, 2007 – 12:54 PM EST


New Officers Direct Operations to Advance Strategic Priorities

Feb. 20 /CSRwire/ - Columbia, Md.–- Enterprise Community Investment, Inc., a national leader in affordable housing finance and community investment, announces today the appointment of four members of the organization as officers of the company. Enterprise provides critical product and service solutions to create quality affordable housing options and related community enrichment facilities nationwide. Working with investors, developers and other community partners, Enterprise brings housing and opportunities to low-income people.

The individuals promoted to vice president have expertise in the areas of corporate finance, systems operations and syndication. “These professionals bring a wealth of experience and are deeply committed to the Enterprise mission and to providing the highest level of service to our customers,” said Jeffrey Donahue, president and CEO of Enterprise Community Investment, Inc.

Richard D. Gross, vice president, Syndication, has over 25 years of experience working in and with nonprofit housing development groups. Gross directs the company’s low-income housing tax credit syndication activities throughout California and manages the Los Angeles syndication staff. In addition, Gross now directs Enterprise Community Partners’ neighborhood revitalization activities by providing grants, loans and technical resources to community development organizations in northern California. He will work closely with staff in Enterprise’s Southern California office to shape Enterprise’s future activities across the state. Gross has been with Enterprise since 2000 and is based in the company’s San Francisco office.

Sally S. Hebner, vice president, Finance, is responsible for financial and tax reporting to Enterprise’s corporate partners. She also oversees the accounting functions of the company’s Asset Management line of business. Hebner is a Certified Public Accountant with over 18 years of experience in real estate accounting and finance. Prior to joining Enterprise in 2005, she held positions with The Rouse Company, a national healthcare company and the public accounting firm KPMG. She is also the chair of the Mia Sutphin Foundation, a public charity. Hebner works in Enterprise’s Columbia, Md. headquarters.

As vice president, Syndication, Abby Jo Sigal continues to oversee strategic initiatives and cultivate new business opportunities in the Northeast region. Located in Enterprise’s New York office, Sigal originates and underwrites affordable housing investments through the Low Income Housing Tax Credit program. She also supports Enterprise’s community development services, including lending, technical assistance and organization grants, preservation and Year 15. Prior to joining Enterprise in 2001, Sigal worked for Strategic Economics where she focused on affordable housing, transit-oriented development and project financial feasibility.

Fiona A. Snoddy is vice president, Operational Systems. Her primary responsibilities are the management, implementation and support of the information systems for the Syndication and Asset Management departments. Snoddy recently led the team that implemented a new portfolio database for these departments. During her 15-year career in systems implementation, Snoddy has provided management and consulting services to financial service clients, not-for-profit organizations and construction and manufacturing businesses. She joined Enterprise in 2002 and is based in Columbia, Md.

“The talent and dedication of these individuals and their contributions to Enterprise’s work advances the leadership and innovation for which we are known,” said Donahue.

For biographical information on the new officers, please go to http://www.enterprisecommunity.com/aboutus/officers.html.

Enterprise Community Investment, Inc. is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. Enterprise leverages low-income housing, new markets and historic rehabilitation tax credits; short- and long-term debt, and development services to capitalize projects that make a catalytic difference in communities. For over two decades, Enterprise has privately raised $7 billion in capital to finance affordable housing, create vital communities and help transform the lives of low-income Americans, particularly those at the lowest end of the economic scale. Currently, Enterprise is investing in communities at a rate of nearly $1 billion a year. Visit www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.

For more information, please contact:

Sally Robey
Phone: (410) 772-2587


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