Enterprise Names Robert Grossinger Vice President, National Foreclosure Response

Jun 17, 2010, 15:36 ET from Enterprise Community Partners, Inc.

COLUMBIA, Md., June 17 /PRNewswire/ -- Enterprise Community Partners, Inc. (Enterprise) today announced that Robert Grossinger will join the company as vice president for national foreclosure response. Grossinger joins the company from Bank of America, where he was senior vice president in the corporate social responsibility group overseeing the bank's neighborhood stabilization efforts, including its Real Estate Owned sales to Neighborhood Stabilization Program (NSP) recipients.

"Rob brings more than 25 years of experience in providing financial and legal services to the community development industry," said Naomi Bayer, senior vice president, National Initiatives and Innovation, Enterprise. "We are delighted that he is joining us to help drive a comprehensive foreclosure response agenda, utilizing his extensive experience with neighborhood stabilization. He understands the complexities of the foreclosure crisis, the interests of multiple stakeholders and the destabilizing effects on America's communities."

As vice president for national foreclosure response, Grossinger will work with a broad set of partners to provide thought leadership on an appropriate response to the foreclosure crisis as well as identify opportunities for earlier intervention prior to foreclosure. He will oversee the implementation of Enterprise's U.S. Department of Housing and Urban Development (HUD) contract for NSP technical assistance, including assisting Enterprise's eight Impact Markets with their NSP plans. Grossinger will also serve as a subject expert for Enterprise's public policy work, helping to set and implement the policy agenda in close coordination with the national policy team.

"I am excited to join Enterprise and push forth its strategic priorities of creating and preserving affordable homes through new construction, rehabilitation, refinancing and community stabilization, especially in areas hard hit by the foreclosure crisis," said Grossinger.  

Grossinger worked in several progressively-advancing roles during his nine-year tenure at Bank of America and while at LaSalle Bank in Chicago, including serving as regional community impact manager for Illinois and Michigan and manager of LaSalle Bank's Community Development Corporation. He was previously a vice president at Bank One, responsible for risk management and mitigation for Community Reinvestment Act (CRA) activities, and he served as vice president at the Corporation for Supportive Housing. Prior to that, Grossinger worked as assistant director and assistant general counsel at the Illinois Housing Development Authority.

Grossinger, a graduate of University of Iowa College of Law and Indiana University, will be based in Chicago.

Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For more than 25 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 $10 billion in equity, grants and loans to help build or preserve more than a quarter million 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.

SOURCE Enterprise Community Partners, Inc.