Deutsche Bank Americas Foundation contributes $25,000 to Enterprise Community Partners
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.
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Media Relations, Deutsche Bank
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.
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.