32 — June 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com O wners , D evelopers & M anagers 1 st non-age-restricted 9% LIHTC dev. in Charles County Enterprise holds opening of Magnolia Gardens in Maryland
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A PLATA, MD — En- terprise Community Development cel - ebrated the grand opening of Magnolia Gardens, a new 72- unit affordable housing com - munity in La Plata, MD. Local and state officials, including State Senator Arthur Ellis, State Delegate Kevin Harris, State Delegate Edith Patterson and La Plata Mayor Jeannine James, joined Enterprise and project partners to commemo - rate this significant milestone. Magnolia Gardens is the first non-age restricted 9% Low Income Housing Tax Credit (LIHTC) development in Charles County and En - terprise’s first project in the area. The community deliv - ers critically needed housing options for working families, individuals with disabilities and others across a wide range of income levels. “Magnolia Gardens stands as a solution to the critical shortage of housing for so many who live and work in Charles County,” said Janine Lind , president of Enterprise Com - munity Development. “These apartment homes offer a range of housing options that are L
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Magnolia Gardens ribbon-cutting
modern and energy efficient and provide a much-needed resource, housing for essential local workers, including fire fighters, teachers, bus drivers and police officers.” The community features one-, two-, and three-bedroom apartments spread across four garden-style buildings, as well as a centrally located club - house with a fitness center, computer room, and commu - nity space. Thirteen units are set aside for individuals and families with disabilities earn - ing at or below 30% of the Area Median Income (AMI), while the remaining homes serve a broad mix of income levels from 20% AMI to market rate.
Situated in a high-growth, amenity-rich area with excel - lent schools, Magnolia Gardens offers residents exceptional walkability and easy access to employment, health care, retail, and public transportation—in - cluding a Maryland Transit Authority Park and Ride adja - cent to the site, providing direct commuter routes into the DC metropolitan region. Architecture by Design is the project architect; Harkins Builders serves as the gen - eral contractor; and Lorenzi, Dodds & Gunnill is the civil engineer. Enterprise Resi - dential provides property management and resident services. MAREJ
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