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New York Highlights
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New York Highlights

July 2008

Landmark Housing Legislation Closer to Becoming Law
The Save America’s Neighborhoods Campaign, led by Enterprise and comprised of more than 50 industry partners, has led a successful effort to ensure that new housing legislation about to be passed in Congress will include nearly $4 billion in emergency neighborhood stabilization funding. Learn more.


New York State Airs Public Service Announcements on Affordable Housing
The New York State Division of Housing and Community Renewal (DHCR) recently produced a series of public service announcements on the importance of affordable housing, starring Mo Vaughn, Tiki Barber, and Enterprise Trustee Edward Norton. Watch the PSAs.


Green Grant Funds Available: Learn More at August 5 Online Meeting
Through Green Communities, Enterprise will offer grant funds of up to $50,000 per project for developers committed to providing green affordable housing. Applications will be accepted from August 5 to September 18.

Join us on Tuesday, August 5 at 2:00 p.m. for an online meeting to review the Green Communities application process. Learn how to join the meeting. Enterprise will host a viewing of the online meeting at our New York City office, One Whitehall Street, 11th Floor, New York, NY 10004. Email Bomee Jung to RSVP or with questions. You can also visit the Green Communities web site for details and application information.


Save the Date for Enterprise’s 2008 Gotham City Gala

Mark your calendars for the 2008 Gotham City Gala on Wednesday, October 15, 2008, at Cipriani Wall Street in New York City. At the Gala, Dorothy and Lewis B. Cullman will receive the James W. Rouse Civic Medal of Honor. More details are coming soon. Contact us at newyorkcity@enterprisecommuntiy.org to reserve your table now!


Green Communities Chosen as A Winner of the 2008 Urban Land Institute Financial Times Sustainable Cities Awards

Enterprise’s Green Communities initiative was one of nine winners of the first annual Sustainable Cities Awards program, sponsored jointly by the Financial Times and the Urban Land Institute (ULI). The Awards honor global examples of best practices in sustainable land use. Since 2004, the Green Communities has invested more than $570 million to create more than 11,000 green affordable homes across 100 U.S. cities. Learn more about Green Communities and the Sustainable Cities Awards.


Save the Date for Enterprise’s 2008 Conference

Enterprise’s 2008 Conference, “Transforming and Redefining Community Development,” will take place November 19-21, 2008 in Baltimore, MD.

Serviam Gardens 1 will create 82 affordable homes for seniors in the Bedford Park neighborhood of the Bronx.


Serviam Gardens Groundbreaking Featured on Bronx News 12

Enterprise New York Deputy Director Keith Fairey spoke to News 12 at the July 2 groundbreaking of Serviam Gardens in the Bronx, where Enterprise is helping Fordham Bedford Housing Corporation create 82 affordable homes for seniors.

Watch the News 12 segment
.

Read more about Serviam Gardens in the May New York Highlights.


Enterprise’s 2007 Annual Report Now Available
The theme of the 2007 Annual Report is “Enterprise at 25: Lead with Ideas. Demonstrate with Action. Transform with Capital. Sustain with Policy and Partners.”  The report highlights the New York City Acquisition Fund as well as the work of the Fordham Bedford Housing Corporation in the Bronx. Read the annual report


Billion Dollar Promise Update: $822 Million and Counting

In 2004, Enterprise pledged to invest $1 billion to create 15,000 affordable homes in New York City communities by 2009. As of July 11, we have invested $822 million in equity, loans and grants to develop or preserve more than 11,800 affordable homes. Learn more about the Billion Dollar Promise.


Enterprise’s New York City Office Welcomes New Staff

Anne Cooleen recently joined Enterprise as Director of Asset Management after serving as an Assistant Vice President of Centerline Capital Group. She brings more than twenty years of real estate property management and development experience concentrated in the New York City area. Enterprise also welcomes Bomee Jung as Program Director, Green Communities. Bomee founded and served as the first executive director of GreenHome NYC, a nonprofit organization that promotes sustainable building construction and operation. Bomee comes to Enterprise after completing her Masters in City Planning from MIT.


Enterprise Helps Green New York City and State

Enterprise’s New York City office has helped the state’s Division of Housing and Community Renewal and the city’s Department of Housing Preservation and Development adopt much of Enterprise’s Green Communities Criteria. As a result, extra points are available in the 2008 Low-Income Housing Tax Credit applications for projects meeting the Green Communities Criteria. In June, Gov. David Paterson announced $137 million in DHCR funding that will help build and preserve 6,415 affordable homes.  Learn more about Enterprise’s Green Communities policy work.

Anna Gonzalez Apartments

The Anna Gonzalez Apartments in Brooklyn will provide permanent housing with support services.


New Supportive Housing Complex
Opens its Doors in Brooklyn

Enterprise joined CAMBA, a non-profit housing and social services provider, and government officials for the dedication of the Anna Gonzalez Apartments in Brooklyn last month. The supportive housing development provides permanent affordable housing and on-site services for nearly 100 formerly homeless and low-income individuals. Enterprise provided $3.8 million in Low Income Housing Tax Credit equity investment for the apartments. Additional financing was provided by the NYS Homeless Housing and Assistance Corporation, the NYC Department of Housing Preservation and Development, the NYC Department of Health and Mental Hygiene, and the NYC Department of Homeless Services.


Employment Opportunities Available with Enterprise’s New York City office

Enterprise’s New York City office is looking for an Analyst and a Senior Asset Manager. To learn more about these positions and view other employment opportunities, visit the Enterprise Careers Page.

 
   

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Enterprise Community Partners is a national nonprofit that provides expertise for affordable housing and sustainable communities. We offer financing for affordable housing through our nonprofit, Enterprise Community Loan Fund, and through our for-profit subsidiary, Enterprise Community Investment, Inc.
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