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Enterprise Homes President Receives National Leadership Award

Chickie Grayson Honored for Role in Building Communities

Baltimore, Md. (May 9, 2007) Chickie Grayson, president of Enterprise Homes, Inc., has earned a national HOPE Award in recognition of her leadership role in building high-quality, mixed-income communities and providing workforce homeownership opportunities.

The HOPE (Home Ownership Participation for Everyone) Awards is a national industry awards program that recognizes individuals and organizations that are making outstanding contributions to increase minority homeownership in America. Created in 2001 by a partnership of six real estate organizations, the HOPE Awards are granted every other year. Each winner receives a $10,000 honorarium and winners will be honored on May 15 by HUD Secretary Alphonso Jackson.

“It’s an honor for Chickie and for the Enterprise organization to be recognized for the important role of developing housing opportunities for people from all walks of life,” said Jeff Donahue, Enterprise Community Investment president and CEO.

A panel of judges selected the final winners from more than 175 nominations.  The panel included Henry Cisneros, former Secretary of Housing and Urban Development; Congressman Wm. Lacy Clay (D-Mo.); Nicolas P. Retsinas, director of the Joint Center for Housing Studies of Harvard University; Steven Nesmith, principal, Blank Rome Government Relations and former Assistant Secretary of Housing and Urban Development; Judge Lillian K. Sing, San Francisco Superior Court; and Earl Lee, president of Prudential Real Estate Affiliates, Inc.

Headquartered in Baltimore, Md., Enterprise Homes, Inc. develops affordable and market rate homeownership and rental housing throughout the mid-Atlantic region. Since its creation in 1985, Enterprise Homes has completed or has under development over 5,000 homes for low and moderate-income families.

Enterprise Community Investment, Inc. (Enterprise) 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.

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