Harvey Honored By ULI for Affordable Housing Work
- Oct 17, 2008
F. Barton Harvey III, (pictured) former chairman & CEO of Enterprise Community Partners, Inc., and former chairman of the board of Enterprise Community Inc., was honored today at a luncheon in New York with this year’s Urban Land Institute (ULI) J.D. Nichols Prize for Visionaries in Urban Development. Harvey shared the prize with Columbia, Md-based Enterprise, a major developer of affordable rental and owner-occupied housing. He retired from Enterprise last March. Enterprise now has operations in 17 regions across the U.S., working with local community development organizations, other nonprofit organizations, developers, investors and elected officials to build affordable housing that is integrated into the greater community. Over the years, Enterprise has raised more than $9 billion in private capital for the production of nearly 250,000 homes, the majority of which are targeted to people making no more than 60 percent of the median income for their communities. In his acceptance address, Harvey noted the severe stress that many homeowners are now facing, from foreclosures and by owing more on their mortgages than their homes are worth. He said lawmakers must work to stabilize the housing market to keep people in their homes. But he called that a “holding pattern,” as Washington must formulate a new housing strategy for the future. Harvey, who joined Enterprise on a six month sabbatical from a Wall Street investment banking career, and stayed 24 years, said ULI and Enterprise, share three major goals. A focus on climate change; paying greater attention to the U.S.’ infrastructure needs; and to encourage the development of affordable housing. The $100,000 award honors J.C. Nichols, an innovator in land use who worked during the first half of the 20th century.