ATLANTA, GA – The Women’s Affordable Housing Network, a networking organization for women in the affordable housing industry, recently formed its first advisory board to add direction and growth to the organization. Prudential Mortgage Capital Company, the commercial lending business of Prudential Financial, Inc. (NYSE: PRU) and Progressive Redevelopment, Inc. (PRI), an Atlanta-based non-profit group specializing in affordable housing, first launched the group in January 2007 to offer an outlet for professional women to discuss issues, achievements and objectives in a supporting environment.

“We are proud of the progress that the Women’s Affordable Housing Network has made in the past two years and as we continue to expand our reach in the Atlanta area, we strive to ensure that the mission of providing women in the industry a chance to connect, learn, grow and thrive remains the focus of our organization,” said Ann Cone, director, Prudential Mortgage Capital Company.

Eight women from various areas of the housing industry were chosen to form the group for their leadership, tenure and advocacy in the field of affordable housing. Board members include Althea Broughton of Arnall Golden and Gregory, LLP, Kathleen Brownlee of Cousins Family Foundation, Alison Drummond of Arnall Golden and Gregory, LLP, Rita Gibson of Atlanta Development Authority, Ruth Isaac of Kutak Rock, LLP, Vicki Lundy-Wilbon of The Integral Group, Amanda Mixon, a freelance consultant and Maureen Mercer of Georgia Affordable Housing Coalition. The board will meet periodically to discuss movement towards the vision of the organization.

Shelly Patton, president of PRI Development Services, LLC, the development company of PRI, added, “As I develop in my own career, I realize more and more that women have unique approaches and styles to housing development. There is an opportunity for growth in the support system for women in affordable housing and I look forward to the advisory board helping to define and strengthen this system.”

Progressive Redevelopment, Inc. is Georgia’s largest and most prolific 501(c) 3 nonprofit developer of affordable housing. Founded in 1989, PRI is dedicated to increasing the availability of affordable housing for low to moderate-income households. PRI has developed or currently has under development, over 4,100 units of housing, serving over 6,500 residents. The core of the organization’s mission is to improve the quality of life of low-income individuals and families while providing support services on-site that promote personal and economic self-sufficiency among our residents. Whether it is a “supportive housing” Single Residence Occupancy complex, a renovation of an existing apartment property, or a newly constructed apartment community, PRI is working to build quality affordable housing that is both economically viable and socially successful. For more information, please visit www.prihousing.org

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with $61 billion in assets under management and administration as of December 31, 2008. With 130 years of experience in the real estate finance industry, Prudential Mortgage Capital originates loans for Fannie Mae DUS™, FHA and Freddie Mac Targeted Affordable programs; the capital markets; Prudential’s general account; and other institutional investors. The company offers fixed- and floating-rate loans; mezzanine, structured and bridge financing; forward commitments; affordable housing and healthcare finance. For more information, visit www.prumortgagecapital.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $558 billion of assets under management as of December 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

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