Enterprise Names Abby Jo Sigal SVP of Innovation and Shola Olatoye VP and New York Market Leader

NEW YORK, June 12, 2012 /PRNewswire/ -- Enterprise Community Partners, Inc. (Enterprise) today announced that Abby Jo Sigal has been promoted to SVP of Innovation, and Shola Olatoye has been promoted to VP and New York market leader. In her new role, Sigal will provide strategic leadership across Enterprise for innovation, business development, knowledge management and community development impact strategies. In addition to partnering with colleagues to lead the cross-organizational Innovation team, Sigal will oversee Enterprise's Knowledge Impact and Strategy team. 

"Abby's promotion to this role is in recognition of her talent, creativity and success in building new connections for Enterprise as we move forward to realize our vision to create stronger communities," said Terri Ludwig, president and CEO of Enterprise.

Shola Olatoye will assume leadership of the New York office, a post previously held by Sigal for five years. In her new role, Shola will lead a cross-functional team of 50 people, working with community partners, the public sector and private capital sources to build and preserve approximately 3,000 affordable homes per year. Olatoye previously served as director of relationship management of the New York office for two years.

"Shola's expertise and passion for our mission makes her the right person to boldly lead the New York market forward," added Ludwig. "Shola and Abby exemplify the exceptional internal talent at Enterprise. We will continue to build a stronger Enterprise by drawing on that talent to further our mission."

Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For 30 years, Enterprise has introduced neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested more than $11.5 billion in equity, grants and loans to help build or preserve nearly 300,000 affordable rental and for-sale homes to create vital communities. Visit www.EnterpriseCommunity.org and www.EnterpriseCommunity.com to learn more about Enterprise's efforts to build communities and opportunity.

SOURCE Enterprise Community Partners, Inc.