AMERICAN SUNRISE COMMUNITIES - A WORD ABOUT OUR FOUNDER

Since his years a Mayor of San Antonio and as the Secretary of the U.S. Department of Housing and Urban Development, Henry Cisneros has focused on ensuring that hardworking families become community stakeholders all throughout the country. In 2001, Henry and Mary Alice Cisneros founded American Sunrise, to help strengthen their reemerging neighborhood of West San Antonio. Sunrise provides programs and services that build affordable housing, rehabilitate deteriorated homes, teach homeownership and financial management skills, and assist at-risk children through an after-school enrichment-tutoring program.

In 2002, Mr. Cisneros partnered with Joel Shine, a forth generation homebuilder, to form the CityView. CityView is now a private sector $2 billion workforce housing finance company that supports urban infill developments throughout the country. CityView's "Capital Plus" strategy provides its builder partners with debt and equity, community outreach entitlement support, site identifications, marketing assistance and project insurance. The company has funded the development of over 7,000 workforce homes in just five years and focuses on first-time homeownership opportunities for families earning below 150% of the area median income.

In 2006, Mr. Cisneros and his partner Joel Shine, the principals of CityView, and David Grunwald the former CEO of Los Angeles Family Housing, recognized that local non-profits like American Sunrise, by themselves, have very limited resources and cannot meet our nation's housing affordability crisis without substantial support from a broad range of stakeholders. They developed a new hybrid non-profit enterprise that leverages public, private and non-profit resources to facilitate large scale housing opportunities for the millions of low-income and minority families struggling to find affordable housing.