Enterprise Elects New Board Chairs
Norman B. Rice to Chair Enterprise Community Partners
Jaime E. Yordán to Chair Enterprise Community Investment
Columbia, Md. – (December 13, 2007) – Enterprise, a leading provider of investment capital and technical expertise for affordable housing and community revitalization nationwide, announced today the election of Norman B. Rice as Chairman of the Board of Enterprise Community Partners, effective March 12, 2008, and the election of Jaime E. Yordán as Chairman of Enterprise Community Investment, effective March 11, 2008. Rice and Yordán were elected by the boards of each respective organization.
“In selecting Norm and Jaime to chair Enterprise Community Partners and Enterprise Community Investment, respectively, the boards of both organizations have chosen outstanding leaders with distinguished careers to help chart Enterprise’s course in the years ahead,” said F. Barton Harvey III, current chairman of the boards of Enterprise Community Partners and Enterprise Community Investment.
Rice is former president and chief executive officer of the Federal Home Loan Bank of Seattle (Seattle Bank), a $48 billion bank. Prior to joining the Seattle Bank, Rice was mayor of Seattle and served as president of the U.S. Conference of Mayors. While in office from 1990 - 1997, Rice championed for an improved public school system, breathed new life into Seattle's downtown with new retail centers, housing and civic buildings, and implemented a model welfare-to-work program. Prior to his election as mayor, Rice served three terms as a member of the Seattle City Council, and two years as council president.
Rice is currently the Distinguished Visiting Practitioner at the University of Washington’s Daniel J. Evans School of Public Affairs. Rice holds a Bachelor of Arts degree in communications and a Master of Arts degree in public administration from the University of Washington.
“I am honored to be elected Chair of Enterprise Community Partners,” Rice said. “I have nothing but admiration for what Jim Rouse started, and I thank Bart Harvey for his extraordinary leadership in the past 23 years. This position comes with enormous responsibilities, and offers an opportunity for me to help chart the course of Enterprise for the next 25 years. I am eager to work with Mr. Yordán and fellow trustees to take on this challenge.”
Jaime E. Yordán is a former general partner and managing director of Goldman, Sachs & Co. where he started the Latin America practice for the firm in New York in 1990. Prior to his 15-year tenure at Goldman, he worked in various positions at JP Morgan, which he joined in 1975. Yordán is a member of the Council on Foreign Relations and a Trustee of Enterprise Community Partners and Hamilton College. He has served as co-chair of Enterprise’s New York Advisory Board since 2001. Yordán holds an MBA from Harvard and an AB from Hamilton College.
“Enterprise Community Investment is an innovative financial services company that harnesses market forces to serve urgent social needs,” Yordán said. “I look forward to this opportunity to serve as chairman.”
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For 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 $8 billion in equity, grants and loans to help build or preserve 225,000 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.
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