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ECP, Montgomery County Launch Initiative to Build Affordable Homes
Enterprise Community Partners, Montgomery County, and Truist have launched a Faith-Based Development Initiative in Montgomery County to convert unused land owned by houses of worship into affordable homes. The program, supported by $385,000 from Montgomery County and $200,000 from the Truist Charitable Fund, aims to assist up to 7 houses of worship in developing affordable housing solutions.
The initiative provides specialized training, technical assistance, and funding over two years to participating organizations. Since its inception in 2006, the initiative has helped create or preserve over 1,500 affordable homes in the Mid-Atlantic region.
“This is radical common sense. When you have mission-aligned institutions with so much underutilized land in just about every community, our faith-based development initiative is really connecting opportunity with need,” said Rev. David Bowers, vice president of Enterprise’s Mid-Atlantic Market and senior advisor for the Faith-Based Development Initiative.
- ◦Development
