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Enterprise Community Development Lands $116M for MD Housing Projects
Enterprise Community Development, Inc., has closed on $116.4 million in financing for three affordable housing communities for families, seniors, and formerly homeless veterans in Maryland.
These properties include College Parkway Place in Annapolis, Anne Arundel County, and The Greens at Irvington MewsⅡ and Park Heights Place, both located in Baltimore City. Collectively, the developments will create or preserve 313 affordable housing units.
College Parkway Place, located at 570 Bellerive Drive, consists of 170 apartments, including 137 one-bedroom and 33 two-bedroom units. The Greens at Irvington MewsⅡ, a new construction project located at 4300 Frederick Avenue, will add 59 apartments for independent seniors and older adults. Park Heights Place located at 5430 Park Heights Avenue, will undergo rehabilitation of its 84-apartment building.
“This $116.4 million investment across these three communities marks a significant milestone in our commitment to preserving and modernizing affordable housing across the region,” said Janine Lind, President, Enterprise Community Development.
