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Washington DC & Mid-Atlantic  + Maryland  + Apartments  |  January 8, 2026
Jasmine Kilman
By: Jasmine Kilman

Enterprise Community Development Secures Solar Financing for MD Housing Properties

Enterprise Community Development has closed on a $4.5 million revolving credit facility to expand solar energy and battery storage projects across 25 affordable housing communities in Maryland.

The financing is provided by the Maryland Clean Energy Center through its Sustainable Energy Investment Fund in partnership with the Maryland Energy Administration. The facility will support Enterprise’s Clean Energy MD-I portfolio, allowing the organization to immediately secure safe harbor for all 25 project sites under the federal Investment Tax Credit.

Structured as a five-year revolving note with a 3.5% interest rate, the fund is expected to be reused multiple times to support both acquisition-rehab and LIHTC redevelopment projects, helping the organization scale its clean-energy strategy across its 115-community portfolio.

“This financing marks a major milestone in our commitment to delivering clean, resilient and cost-saving energy solutions across our communities,” said John Fox, senior director of clean energy at Enterprise Community Development.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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