East Construction Views | Engineering News-Record

The largest nonprofit affordable housing provider in the Mid-Atlantic and the sixth-largest in the U.S., Enterprise Community Development has a $1.25 billion portfolio that includes 115 communities and 13,000 homes, serving more than 24,000 residents across the region.

In 2025, the company closed financing on redevelopment of Ranleagh Court and Waverly Winds in Columbia, Md., replacing aging properties with 205 modern, mixed-income apartment homes while preserving long-term affordability in a high-opportunity market. 

It also delivered Aspire Apartments in Southeast Washington, D.C., an 86-unit affordable housing community and the first project completed through its Let’s Build Accelerator program. The firm secured 9% Low-Income Housing Tax Credits for Rideout Heath in Howard County and Silver Spring United Methodist Church in Montgomery County—two developments that will bring nearly 300 additional affordable and mixed-income homes to Maryland, including the county’s first project under the FAITH Zoning Text Amendment.

In 2024, Enterprise Community Development recently secured $116 million in financing to break ground on three other affordable housing developments in Maryland—College Parkway Place in Annapolis and The Greens at Irvington Mews II and Park Heights Place, both in Baltimore. These projects will bring 313 new homes to low- to moderate-income families, seniors, and individuals across the region.

 

   Aerial view of a newly delivered Enterprise Community Development affordable housing community in Maryland, part of the nonprofit developer’s expanding Mid-Atlantic portfolio focused on mixed-income housing, sustainability and long-term affordability.
   
 Photo courtesy of Enterprise Community Development
 

The developer also preserves and modernizes existing affordable housing developments. The Edgewood Commons V project is creating nearly 800 affordable homes for seniors in Northeast Washington, D.C., prioritizing aging in place through accessibility-focused designs and amenities that promote independent living. Similarly, the Park Montgomery project involved renovating 141 existing affordable apartments and constructing 76 new units along the Purple Line light rail system in Silver Spring. 

In 2025, the company celebrated the ribbon-cutting for Park Montgomery, marking a milestone in the delivery of transit-oriented affordable housing and the reinvestment of a long-standing community.

Enterprise Community Development has also installed clean energy in 13 of its Washington, DC communities over the past nine years. It achieved 3.3 megawatts (MW) at these D.C. properties – delivering 25-50% utility bill savings to residents and reducing energy consumption of these properties by the same amount while producing 2,175 annual metric tons of avoided carbon dioxide. In addition, the organization implemented a water savings initiative at 14 properties that has saved 1.5 billion gallons of water and yielded $778,000 in annualized water cost savings. The developer plans to grow this program this year.

Enterprise Community Development also provides its residents with services in education, job training, financial literacy and health and wellness. In 2025, it rolled out a services program that provides wraparound services most valued by residents of its communities, following a survey that identified the most impactful services and opportunities.

Check out the March issue of ENR East to read about the ENR MidAtlantic Owner of the Year.