COLUMBIA, MD.- June 6, 2007 "“ Enterprise Community Investment, Inc., a national leader in affordable housing finance and community investment, announced today that Jeffrey Redmond has joined the company as director, multifamily mortgage finance. Nationwide, Enterprise has over $400 million in multifamily mortgages for new construction, preservation, rehabilitation and green affordable housing. Redmond is based in Addison, Texas, just north of Dallas, to serve a large and fast-growing southern market.

"Jeff brings a wealth of expertise and knowledge, plus terrific enthusiasm, to our mortgage business activities and we are very excited that he has joined our team," said Lamar Seats, senior vice president of Enterprise Community Investment, Inc. "Coming to us from Fannie Mae, Jeff has keen insight to our customers’ needs. Having Jeff on the ground in Texas will help further develop our debt products and enhance customer service," Seats said.

As director, Redmond is responsible for expanding multifamily permanent debt financing for affordable housing developments throughout the South, Southwest and Minnesota. He brings over 20 years of housing investment experience to structure and close affordable housing transactions as well as strong relationships with developers, housing advocates and others specializing in affordable housing and community development.

Prior to joining Enterprise, Redmond was a national senior account executive for Fannie Mae in Dallas. In this position, Redmond developed and managed key business relationships, facilitated the acquisition of multifamily mortgage loans in excess of $1 billion, and managed cross-functional account teams to evaluate risks, underwrite and structure solutions to complex multifamily real estate transactions.

Before Fannie Mae, Redmond was a regional director for JP Morgan, based in Columbus, Ohio where he managed a debt portfolio in excess of $2 billion. Prior to that, he spent 10 years at Minnesota Housing Finance Agency. Redmond received his master of business administration with an emphasis in finance from Franklin University.

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. Over the last 25 years, Enterprise has privately raised more than $7 billion to finance more than 200,000 affordable rental and for-sale homes, 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.

Enterprise Community Investment, Inc.

Enterprise Community Investment, Inc.

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. Over the last 25 years, Enterprise has privately raised over $8 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.

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