Enterprise Community Development Acquires Richmond Church for Transformation to Affordable Housing
Enterprise Community Development, Inc. — a nonprofit owner and developer of affordable homes in the Mid-Atlantic — has purchased the former Mizpah Presbyterian Church and the Nehemiah House Community Center located in Richmond, VA. The organization will create Brookland Park Apartments, a $21-million redevelopment featuring 66 new, affordable apartments for individuals and families built to U.S. Department of Energy Zero Energy Ready Homes and Enterprise Green Communities standards.
Once complete, the four-story Brookland Park Apartments will feature one-, two- and three-bedroom apartments serving families from 40% to 60% AMI.
Financing for the project comes from 4% Low-Income Housing Tax Credits, a tax-exempt loan issued by Harrisonburg Redevelopment and Housing Authority, a construction loan from Truist Bank, Virginia Housing Trust Funds and Virginia HOME funds, City of Richmond Affordable Housing Trust Fund and a grant from Bank of America.
Brookland Park Apartments’ design celebrates the history of the Gothic Revival-style church currently located on the site. Seven units will be designed to Universal Design Standards, including two for vision- and hearing-impaired residents. Community amenities will nclude a fitness center, community room, community retail flex space, an outdoor plaza and on-site parking.