Enterprise Community Development, a leading nonprofit affordable housing provider in the Mid-Atlantic, has successfully closed on $19.5 million in financing for Green Park Apartments, a new 43-unit affordable housing community in Richmond’s Highland Park neighborhood.
The Southern Maryland Chronicle covers the opening of Enterprise Community Development's Magnolia Gardens, a 72-unit affordable housing community in La Plata, Maryland.
Enterprise Community Development, one of the largest mission-focused nonprofit affordable housing providers in the Mid-Atlantic, has closed on financing for the redevelopment of Ranleagh Court and Waverly Winds, two modern, new affordable housing communities in Columbia, Maryland.
Enterprise Community Partners today applauds the Senate Finance Committee for including language in its budget reconciliation package proposal that would permanently extend the New Market Tax Credit and strengthen the Low-Income Housing Tax Credit, a resoundingly bipartisan way to expand the housing supply and economic opportunity in every part of the nation.
Enterprise Community Partners has secured another $180.5 million in capital commitments for a new Low-Income Housing Tax Credit (LIHTC) multi-investor fund to create or preserve 1,216 affordable homes across nine states.
The LIHTC fund will create or preserve 1,708 affordable homes across the country — and generate 2,777 new jobs and $314.6 million in wages, tax revenue, and business income, including $179.5 million in direct wages to workers.
Enterprise Community Development announced it has closed on a $4.5 million revolving credit facility to expand solar energy and battery storage projects across 25 affordable housing communities in Maryland.
Enterprise Community Development announced that two of its projects have been awarded 9% Low-Income Housing Tax Credits (LIHTC) through the Maryland Department of Housing and Community Development’s (DHCD) 2025 competitive funding round.