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Affordable Housing

Real Estate
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal A Maryland real estate company is paying a pretty penny to improve its foothold in Silver Spring with a new multi-million dollar purchase. Baltimore-based Enterprise Community Development (ECD), a nonprofit owner and developer of affordable homes, has purchased the 87-unit multi-family Parkside Terrace on Easley Street for $20 million (or slightly less than $230,000 per unit), Transwestern Real Estate Services announced. According to Transwestern Executive Vice President Robin Williams, “the property has been well managed by long-term owners allowing ECD and its partners to preserve natura…

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by Zak Failla
News
Amazon Funds $150 Million Affordable Housing Project In Washington DC Amazon Funds $150 Million Affordable Housing Project In Washington DC
Amazon Funds $150 Million Affordable Housing Project In Washington DC Amazon is partnering up with D.C. developers to build over 1,200 affordable housing units — a nearly $150 million project. Half of the units will be for low-income families and many of them will be located in close proximity to a metro station. Amazon's D.C. project, which comes after the company funded housing projects in Prince George's County, Montgomery County, and Fairfax County, will cost the company $147 million in funding. "Through our accelerated program, we're supporting emerging minority developers doing great work in the affordable housing space." Director of the Ama…

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by AJ Goldbloom