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Enterprise Community Development, Inc. has purchased the former Mizpah Presbyterian Church in Richmond for a $21-million redevelopment featuring 66 new, affordable apartments.

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.


Inside The Story

Enterprise Community Development

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.