Washington DC + DC + Finance | August 22, 2023

Edgewood Commons Affordable Housing Properties Land $55M

Enterprise Community Development has landed a $54.79 million bond purchase to finance the substantial renovation and preservation of Edgewood 611 and Edgewood Gardens, two affordable housing properties in Washington, DC.

The properties, located within the Edgewood Commons campus, consist of 258 units in Edgewood 611 Apartments and 42 units in Edgewood Gardens. The bond purchase will help preserve affordable housing for low-income families and benefit from tax abatements and a ground lease owned by the District of Columbia Housing Authority.

BWE’s Victor Agusta Jr., originated the private placement bond on behalf of the borrower.

Connect

Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

Order Reprints