BALTIMORE, MD — While 2020 presented significant challenges for many companies throughout the region, Enterprise Community Development, Inc. (ECD) was one that saw significant growth, expansion and recognition over the past year. As the largest and most progressive Black-led nonprofit housing provider in the Mid-Atlantic region, ECD posted record gains in its portfolio, added to its staff and was recognized by the leading industry resources for its work in the affordable housing market.
“While our industry was presented with many challenges, we saw this past year as an opportunity to reach new heights in developing safe and affordable communities where people have access to amenities to jobs, education, healthcare and other important resources to help them be successful in life,” said Brian McLaughlin, president of Enterprise Community Development.
ECD was included on the Top 50 Affordable Housing Developers and Top 50 Affordable Housing Owners lists from Affordable Housing Finance, marking the second year for ECD’s inclusion on the Affordable Housing Owners list and the first year on the Affordable Housing Developer list.
AHF’s Top 50 Affordable Housing Owners list ranks the companies, both for-profit and nonprofit, with the most affordable housing units as of Jan. 1, 2021. Of the 50 organizations included on the list, 12 are nonprofit and 38 are for-profit with ECD ranking sixth among the nonprofits. ECD was also included for the first time on the Top 50 Affordable Housing Developers list, which ranks companies, again both for-profit and nonprofit, by the number of units they began development on in 2020.
(NAHMA) Affordable 100 list for 2021 is ECD’s property management arm, Enterprise Residential. The NAHMA Affordable 100 comprises the largest affordable multifamily property management companies, ranked by affordable unit counts and contributes vital data to the ongoing national dialogue on the future of federal funding for affordable housing. Enterprise Residential is ranked #61.
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