Enterprise Taps BofA Exec. as VP for National Foreclosure Response

""Enterprise Community Partners, Inc."":http://www.enterprisecommunity.org/, a Columbia, Maryland-based nonprofit organization that provides[IMAGE]

development capital to create affordable homes and rebuild communities, recently announced that it has appointed Robert Grossinger as VP for national foreclosure response.

Grossinger joins Enterprise from his nine-year tenure at Bank of America, where he was most recently SVP in the corporate social responsibility group overseeing the bank's neighborhood stabilization efforts, including its REO sales to Neighborhood Stabilization Program (NSP) recipients.

In addition, Gossinger previously worked in several progressively advancing roles 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. Prior to his
[COLUMN_BREAK]

time at LaSalle, Grossinger was a VP at Bank One, and he served as VP at the Corporation for Supportive Housing. And before that, Grossinger worked as assistant director and assistant general counsel at the Illinois Housing Development Authority.

""Rob brings more than 25 years of experience in providing financial and legal services to the community development industry,"" said Naomi Bayer, SVP of national initiatives and innovation at Enterprise. ""We are delighted that he is joining us to help drive a comprehensive foreclosure response agenda, utilizing his extensive experience with neighborhood stabilization.""

In his new role as VP 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.

Grossiner will also oversee the implementation of Enterprise's HUD contract for NSP technical assistance, including assisting Enterprise's eight impact markets with their NSP plans. Furthermore, he will serve as 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,"" Grossinger said.