Enterprise Community Development, Inc. has closed on the financing for the development of 76 new affordable apartments, Park Montgomery West, and the renovation of the 141-unit Park Montgomery Apartments, an existing apartment community located at 8860 Piney Branch Road in Silver Spring, Maryland. The preservation and addition of transit-oriented affordable housing along the Purple Line and in the wealthiest county in the state utilized Low Income Housing Tax Credits (LIHTC)–9% for the new apartments and 4% for the existing building.
