Southland Social Salutes Los Angeles Affordable Housing Leaders

Enterprise Honors Garcetti and JPMorgan Chase for Strong Housing Solutions

LOS ANGELES, Oct. 8 /PRNewswire/ -- Enterprise Community Partners (Enterprise)
in Los Angeles will host the 2nd annual Southland Social on Thursday, October
8, 2009 at 6:30 pm at the Hollywood Roosevelt Hotel in Hollywood. Themed
"Strengthening Communities through Housing Solutions," the evening will laud
honorees that have shown extraordinary dedication in working with Los Angeles'
neediest communities and offering strong neighborhood solutions during the
current economic downturn.

The Enterprise honorees are:

-- Visionary of the Year - The Honorable Eric Garcetti, President, Los
Angeles City Council

-- Business Partner of the Year - JPMorgan Chase & Co.

"We are excited to recognize Council President Garcetti and JPMorgan Chase as
our honorees at this year's Southland Social," said Jeffery Schaffer, Vice
President and Los Angeles Impact Market Leader, Enterprise Community Partners.
"Both Councilman Garcetti and JPMorgan Chase have been consistent contributors
to the stabilization of Los Angeles neighborhoods by supplying leadership and
support to meet the ongoing need for affordable housing and helping
neighborhoods onto the path of rehabilitation."

Long-time ally of affordable housing, Councilman Garcetti is known for his
support of the nations' largest Affordable Housing Trust Fund and championing
the 2008 moratorium on foreclosure-related evictions of renters in the city of
Los Angeles. Chase's commitment to stabilizing communities includes opening
nine homeownership centers in the state to assist struggling homeowners, and
locally investing in the New Generation Fund supporting the acquisition of
land for affordable housing development.

Since 1997, Enterprise in southern California has invested more than $533
million to produce more than 6,000 affordable homes for more than 20,000
people, including 6,000 children. Enterprise has pledged an additional $700
million commitment to the city of Los Angeles through technical assistance,
grants and innovative funding including the New Generation Fund.

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

TeAnne Coleman Chennault of Enterprise Community Partners, +1-213-787-8234,
office, tchennault@enterprisecommunity.org