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DC Affordable Senior Housing Lands Financing
Enterprise Community Development has secured financing for Edgewood Commons V, an integral part of Northeast Washington, D.C.’s Edgewood Commons campus, comprising nearly 800 affordable homes. The amount was not disclosed.
Nestled at 435 Edgewood Street, NE, the development will offer 11 studios, 135 one-bedroom, and 5 two-bedroom apartments. The allocation includes units catering to different income levels, with 96 units for residents earning up to 30% of the area median income and 54 units for those up to 50% AMI.
“This community is an essential component of our ongoing efforts to build and preserve affordable housing and support our senior community in the Edgewood neighborhood,” said Christine Madigan, interim president of Enterprise Community Development. The design prioritizes accessibility and environmental sustainability, adhering to Green Communities standards. Anticipated completion in the third quarter of 2025.
- ◦Financing
