Enterprise Commends Legislation to 'Green' Affordable Housing

Mar 02, 2007, 00:00 ET from Enterprise

    COLUMBIA, Md., March 2 /PRNewswire-USNewswire/ -- Enterprise joins
 Congressmen Adam Smith (D-WA), Earl Blumenauer (D-OR), John Lewis (D-GA)
 and Wayne Gilchrest (R-MD) in support of legislation to "green" affordable
 housing by promoting energy efficiency, resource conservation and
 sustainable development in low-income communities across the country.
     More than 2.5 million families in America live in substandard housing.
 Nearly 17 percent of a low-income family's earnings are consumed by energy
 costs. And environmental challenges take a disproportionate toll on
 limited- income families -- both asthma rates and blood lead levels are
 significantly higher among low-income children. Building green addresses a
 host of pressing problems facing many families and communities, including
 run-down and unhealthy housing, rising transportation and energy costs, and
 sprawling, unsustainable development.
     This legislation, the High Performance Buildings Act of 2007,
 thoughtfully builds on lessons Enterprise has learned through its national
 Green Communities initiative, a $555 million commitment to build more than
 8,500 environmentally responsive, affordable homes. This is the nation's
 largest, most ambitious initiative focused on leveraging private capital
 investments to significantly increase the production of green affordable
 housing across the country. To date, only two years into the five-year
 initiative, Enterprise has helped to finance more than 7,000 green
 affordable homes.
     Enterprise strongly supports the bill's emphasis on ensuring that
 community development organizations have the resources and expertise
 necessary to successfully incorporate green elements into their affordable
 housing developments.
     "Enterprise is working to change the way Americans think about, design,
 locate and build homes affordable to low-income families," said Doris Koo,
 Enterprise's president and chief executive officer. "This legislation makes
 strides in meeting the needs of low-income families, who stand to benefit
 the most from housing that is healthy, energy-efficient and located near
 schools, jobs and transportation. We look forward to working with members
 of Congress and our colleagues in the housing and sustainable development
 fields to pass this critical bill."
     In addition to Enterprise, the High Performance Buildings Act is
 endorsed by the American Public Health Association, Global Green USA, the
 Local Initiatives Support Corporation, the National Center for Healthy
 Housing and the National Housing Conference.
     Enterprise is a leading provider of the development capital and
 expertise it takes to create decent, affordable homes and rebuild
 communities. For more than two decades, 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 $7 billion in equity, grants
 and loans and is currently investing in communities at a rate of $1 billion
 a year. Visit http://www.enterprisecommunity.com to learn more about
 Enterprise's efforts to build communities and opportunity, and to meet some
 of the half a million people we have helped.

SOURCE Enterprise