"I'm proud to help lead Enterprise as we embark on our new strategic plan," says Werhane, 54. "As an industry leader in providing capital for affordable housing and community development, we will remain focused on connecting capital to communities, creating innovative solutions for community development, and transforming public policy to create long-term change."
Werhane joined Enterprise six years ago after serving as head of national real estate at USF&G. He launched Enterprise's New Markets Tax Credits program, which has generated more than $515 million in investments to date. He's overseen all debt and equity production lines at Enterprise since 2006.
"Charlie's upcoming promotion results from the strong, well deserved support that he has received from both Enterprise boards, including board chairs Jaime Yordán and Norman Rice," Donahue says. "It has been a pleasure to work with a business leader of Charlie's caliber, who has such a strong commitment to the Enterprise mission. Looking ahead, our company will be in excellent hands."
Enterprise, whose parent company is Columbia, Md.-based Enterprise Community Partners, manages one of the largest low-income housing tax credit portfolios in the country, representing $7 billion in equity, 1,600 projects, and more than 94,000 housing units. The company has grown substantially under Donahue's leadership.