/C O R R E C T I O N -- Enterprise/

In the news release, Enterprise Elects New Board Chairs, issued earlier
today by Enterprise over PR Newswire, we are advised by the company that the
contact phone number for Helen Whitehead should read +1-410-772-2606, rather
than +1-410-752-2606 as originally issued inadvertently.

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Enterprise Elects New Board Chairs
Norman B. Rice to Chair Enterprise Community Partners

Jaime E. Yordan to Chair Enterprise Community Investment
COLUMBIA, Md., Dec. 13 /PRNewswire/ -- Enterprise, a leading provider of
investment capital and technical expertise for affordable housing and
community revitalization nationwide, announced today the election of Norman B.
Rice as Chairman of the Board of Enterprise Community Partners, effective
March 12, 2008, and the election of Jaime E. Yordan as Chairman of Enterprise
Community Investment, effective March 11, 2008. Rice and Yordan were elected
by the boards of each respective organization.
"In selecting Norm and Jaime to chair Enterprise Community Partners and
Enterprise Community Investment, respectively, the boards of both
organizations have chosen outstanding leaders with distinguished careers to
help chart Enterprise's course in the years ahead," said F. Barton Harvey III,
current chairman of the boards of Enterprise Community Partners and Enterprise
Community Investment.
Rice is former president and chief executive officer of the Federal Home
Loan Bank of Seattle (Seattle Bank), a $48 billion bank. Prior to joining the
Seattle Bank, Rice was mayor of Seattle and served as president of the U.S.
Conference of Mayors. While in office from 1990 - 1997, Rice championed for
an improved public school system, breathed new life into Seattle's downtown
with new retail centers, housing and civic buildings, and implemented a model
welfare-to-work program. Prior to his election as mayor, Rice served three
terms as a member of the Seattle City Council, and two years as council
president.
Rice is currently the Distinguished Visiting Practitioner at the
University of Washington's Daniel J. Evans School of Public Affairs. Rice
holds a Bachelor of Arts degree in communications and a Master of Arts degree
in public administration from the University of Washington.
"I am honored to be elected Chair of Enterprise Community Partners," Rice
said. "I have nothing but admiration for what Jim Rouse started, and I thank
Bart Harvey for his extraordinary leadership in the past 23 years. This
position comes with enormous responsibilities, and offers an opportunity for
me to help chart the course of Enterprise for the next 25 years. I am eager
to work with Mr. Yordan and fellow trustees to take on this challenge."
Jaime E. Yordan is a former general partner and managing director of
Goldman, Sachs & Co. where he started the Latin America practice for the firm
in New York in 1990. Prior to his 15-year tenure at Goldman, he worked in
various positions at JP Morgan, which he joined in 1975. Yordan is a member
of the Council on Foreign Relations and a Trustee of Enterprise Community
Partners and Hamilton College. He has served as co-chair of Enterprise's New
York Advisory Board since 2001. Yordan holds an MBA from Harvard and an AB
from Hamilton College.
"Enterprise Community Investment is an innovative financial services
company that harnesses market forces to serve urgent social needs," Yordan
said. "I look forward to this opportunity to serve as chairman."
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 $8
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.
SOURCE Enterprise

Helen Whitehead, +1-410-752-2606, or Stockton Williams, +1-202-842-9190