The Deutsche Bank Americas Foundation today announced a $25,000 grant to
Enterprise Community Partners, a non-profit affordable housing
organization that facilitates urban revitalization across the country.
Enterprise will use the funds to support its Green Communities
initiative, one of the largest green affordable housing efforts in the
US.
Enterprise is also responsible for the development of The Green
Communities Offset Fund, the first national program to tap the emerging
market for carbon offsets to support affordable homes for lower-income
families.
“Deutsche Bank Americas Foundation is
increasingly focused on programs that tackle climate change through
investments in low-income communities, so we are proud to be a supporter
of Enterprise Community Partners which has been an innovator in both
areas,” said Gary Hattem, President, Deutsche
Bank Americas Foundation. “We also see a great
deal of potential in Enterprise’s efforts to
build a domestic voluntary carbon offset program that supports
affordable, efficient housing while providing a possible source of
future offsets for ‘carbon neutral’
events like the Deutsche Bank Championship.”
"Enterprise is honored to expand our longstanding partnership with
Deutsche Bank to pioneer new approaches for connecting environmental
sustainability and social equity through Enterprise's Green Communities
program," said Doris Koo, President and CEO, Enterprise Community
Partners.
Last week, Deutsche Bank announced it will provide financing to E+Co, an
award-winning non-profit investment company that invests in clean energy
businesses in Africa, Asia, and Latin America.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and
profitable private clients franchise. A leader in Germany and Europe,
the bank is continuously growing in North America, Asia and key emerging
markets. With 80,253 employees in 75 countries, Deutsche Bank competes
to be the leading global provider of financial solutions for demanding
clients creating exceptional value for its shareholders and people.
The Deutsche Bank Americas Foundation administers the philanthropic
activities of Deutsche Bank within the United States, Latin America and
Canada. Together, the Bank's Community Development Group and Foundation
carry out the firm's corporate citizenship commitments through a program
of loans, investments and grants. Based in New York City, the Foundation
supports nonprofit organizations that concentrate on community
development, education, and the arts.
http://www.community.db.com/
About Enterprise Community Partners
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 $9 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, and to meet some of the half a million people we have
helped.
Deutsche Bank
Media Relations
Ted Meyer, +1 212-250-7253
or
Scott
Helfman, +1 212-250-5602
