Enterprise Names Terri Ludwig as Executive Vice President, Chief Operating Officer

November 3, 2009

COLUMBIA, Md., Nov. 3 /PRNewswire/ -- Enterprise Community Partners (Enterprise) today announced that Terri Ludwig has joined the organization as executive vice president and chief operating officer, reporting to president and CEO Doris Koo. Ms. Ludwig will lead all programmatic and solutions work across the country, including Enterprise's national initiatives and the activities in the organization's eight local Impact Markets.

Ms. Ludwig is a 23-year veteran of investment banking and nonprofit leadership. Most recently, she served as president of Merrill Lynch Community Development Company where she led community development lending and investing and created innovative public-private partnerships to finance critical community needs. Prior to Merrill Lynch, Ms. Ludwig was president and CEO of ACCION New York, the largest microfinance program in the U.S. Under her leadership, ACCION became recognized as a visionary model for sustainable microfinance for small business owners.

"Terri is a dynamic community development leader who fully understands the challenges and needs in the communities Enterprise serves," said Ms. Koo. "In an economic market where jobs are scarce and affordable housing is even scarcer, Enterprise is thrilled to bring on an executive of Terri's caliber to help lead the company."

"Enterprise is an organization that uses a holistic approach to meet the needs of communities across America," said Ludwig. "To be a part of such a talented team and to support such critical work in our communities is truly an exceptional opportunity."

Ms. Ludwig earned her master's degree in public administration at the Harvard University's John F. Kennedy School of Government and her bachelor's degree in industrial psychology at the University of Illinois. In addition to her many professional accolades, Ms. Ludwig is an appointee to the U.S. Department of Treasury Advisory Board for Community Development and Financial Institutions, serves as chair of the board of ACCION USA and was awarded the Social Innovation Fellowship for Nonprofit Leaders at the Stanford Graduate School of Business.

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