Enterprise and Citi Will Amplify Federally-Funded Foreclosure Response Efforts in California

Enterprise and Citi Will Amplify Federally-Funded Foreclosure Response Efforts in California

LOS ANGELES (November 3, 2011) – Enterprise Community Partners (Enterprise) announced today a new partnership with Citi that will expand community revitalization efforts aimed at responding to the effects of the foreclosure crisis in California. The program will involve the use of funds from the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP), which is intended to stabilize communities that have suffered from foreclosures and abandonment.

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Enterprise

Enterprise Community Investment, Inc. is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For over 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested over $9 billion in equity, grants and loans to help build or preserve more than 240,000 affordable rental and for-sale homes to create vital communities. Enterprise is currently investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.

Contact:

Terri Bolling

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