Silver Spring, MD – Enterprise Community Development, the largest nonprofit affordable housing owner and developer in the Mid-Atlantic, has named Ray Smith, Senior Vice President of Real Estate Development. In this role, Smith will lead the organization’s affordable housing development efforts across Washington, D.C., and Maryland, helping advance its work to create and preserve high-quality, affordable homes and expand housing opportunities throughout the region.

Smith brings more than 30 years of experience in multifamily development, real estate finance and affordable housing, with expertise spanning site acquisition, entitlement, design oversight, capital structuring and project execution. Throughout his career, he has helped lead or finance 35 multifamily and mixed-income communities totaling approximately $1.8 billion in capitalization.

“Ray brings the depth of experience, financial expertise and development leadership that will be invaluable as we continue to grow our impact across the region,” said Janine Lind, President of Enterprise Community Development. “The need for quality, affordable homes has never been greater, and Ray understands both the complexities of bringing these developments to life and the lasting impact they can have on residents and communities.”

Before joining Enterprise Community Development, Smith held senior leadership positions with Legacy Partners, Madison Capital Group, The Bainbridge Companies, Middleburg Real Estate Partners and Wood Partners. Earlier in his career, he served as vice president at Bank of America, where he originated and structured financing for affordable housing and commercial real estate projects and helped secure tax credit and bond allocations for affordable and mixed-income developments.

“I am honored to join Enterprise Community Development, an organization whose mission reflects the very reason I have dedicated my career to real estate development: expanding access to high-quality affordable housing and strengthening communities,” said Smith. “I am energized by the opportunity to help advance that mission with discipline, creativity, and a deep commitment to lasting impact.”

Smith earned a Bachelor of Science in Business Administration with a focus in finance from Bryant University.

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Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org. 
 
Enterprise Community Development is a mission-driven affordable housing provider that specializes in high-impact residential development, preservation, property management and resident services for more than 24,000 people who call our communities home. Our $1.25 billion portfolio includes 115 communities and 13,000 homes, positioning us as the largest nonprofit affordable housing provider in the Mid-Atlantic and the sixth largest nonprofit owner of affordable housing in the United States. We are an affiliate of Enterprise Community Partners. For more information, visit www.enterprisecommunitydevelopment.org.