Enterprise Community Development, Inc. has closed on financing for Edgewood Commons V, consisting of nearly 800 affordable homes and part of the larger Edgewood Commons campus located in Northeast Washington, D.C. As the Edgewood neighborhood continues to develop, Enterprise Community Development is committed to preserving existing affordable housing and creating new affordable housing opportunities for residents…
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…
Enterprise Community Development, Inc. has closed on financing for Magnolia Gardens, a new 9% Low Income Housing Tax Credit (LIHTC) development to be built in Charles County, Maryland. Once complete, Magnolia Gardens will feature 72 new apartments in La Plata and will represent the first development in Charles County for Enterprise Community Development. “We’re thrilled to…
Enterprise Community Development (ECD) was awarded a $10,000 Digital Equity Fund grant from Baltimore City Information & Technology to support Enterprise Connects–an initiative of the organization's resident services programming that aims to provide access to affordable connectivity programs and address the digital divide. Residents living at 14 Enterprise communities in Baltimore City will benefit from…
Enterprise Community Development, Inc. has successfully closed on the acquisition and financing of Edgewood 611 Apartments and three adjacent buildings on the Edgewood Commons campus in Northeast Washington, D.C. To help preserve well-designed affordable homes for current and future residents, Enterprise will extend the period of affordability of these apartments for households earning 80% or less…
Enterprise Residential, the property management arm of Enterprise Community Development, was ranked among the top multifamily property management firms for 2023 according to Multi-Housing News. Read more…
Last month, the Enterprise Women’s Network (EWN) hosted an amazing 10th-anniversary Scholastic Book Fair in West Baltimore! Thanks to the support of dozens of donations, over 400 students and over 50 staff members shopped individually for books. Enterprise had over a dozen staff members and supporters read to children. Special thanks to Sherry Philips, our…
Enterprise Community Partners, one of the nation’s largest affordable housing and community development organizations, announced that former cabinet official and national housing leader Shaun Donovan will serve as its next chief executive officer and president, effective September 1. The power of a stable, affordable home has been a constant throughout Donovan’s career — beginning with his work volunteering…
The Spirit of Enterprise and Rouse Changemaker awards celebrates our employees and underscores their collective commitment to Enterprise’s mission, values and culture. Enterprise Residential would like to congratulate our winners and nominees for being recognized for the organization's prestigious awards. The Spirit of Enterprise, awarded to an employee who goes above and beyond to demonstrate our core values (Be the Mission, Be…