M id A tlantic Real Estate Journal — Owners, Developers & Managers — May 2026 — 41
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O wners , D evelopers & M anagers
$15.8M rehab. preserves 84 affordable homes for seniors and enhances housing stability Enterprise Community Development celebrate opening of Park Heights Place in Baltimore City B
fordably in the community they call home,” said Janine Lind, president of Enterprise Community Development. “Preserving affordable hous- ing is not just about maintain- ing buildings — it is about strengthening stability, digni- ty, and long-term opportunity for Baltimore’s older adults.” The redevelopment was sup- ported by the U.S. Department of Housing and Urban De- velopment (HUD), the Mary- land Community Develop- ment Administration (CDA), Federal Low-Income Housing Tax Credits syndicated by En -
terprise Housing Credit Invest- ments, HUD’s Green and Resil- ient Retrofit Program (GRRP) and the Maryland Energy Administration . Most apart- ments receive project-based subsidies, ensuring that the community remains affordable to low-income seniors for years to come. Mosely Architects served as the project architect, Har- kins Builders as the general contractor and KCW as the civil engineer. Enterprise Residential will provide ongo- ing property management and resident services.
ALTIMORE, MD — Enterprise Commu- nity Development joined city and state leaders, community partners and resi- dents on April 29 to celebrate the grand opening of the newly renovated Park Heights Place, an 84-unit affordable senior housing community located at 5430 Park Heights Avenue in Baltimore City. Attendees included Shaun Donovan , chief executive officer of Enterprise Commu - nity Partners; Janine Lind , president of Enterprise Com - munity Development; Calvin Young , deputy mayor for the City of Baltimore; Del. Sean Stinnett and Del. Sandy Rosenberg; Angela Steele , director of rental lending at the Maryland Department of Housing and Community Development ; representa- tives from the U.S. Depart- ment of Housing and Urban Development (HUD) and the Maryland Community Development Administra- tion (CDA) ; and community partners and residents. The celebration marked the completion of a $15.8 million renovation that preserves the long-term affordability of the community while enhancing living conditions for residents. Originally constructed in 1998, Park Heights Place serves old- er adults with limited incomes, most earning 50% or less of the Area Median Income (AMI), and remains a critical source of affordable housing in the Park Heights neighborhood. The rehabilitation addressed deferred maintenance and introduced upgrades designed to support aging in place. Improvements included reno- vated kitchens and bathrooms, modern appliances, accessible design modifications for resi - dents with mobility, hearing and vision impairments, mod- ernization of common areas, installation of energy-efficient windows and LED lighting and the addition of an on-grade die- sel generator to strengthen life- safety during power outages. “Baltimore’s older adults built this city, and they deserve to age in place with dignity and stability,” said Calvin Young, Deputy Mayor for Community and Economic Development. “ “We are proud to celebrate the completion of Park Heights Place and the investments that ensure seniors can con- tinue living safely and af-
Enterprise and community leaders hold grand-opening for newly renovated Park Heights Place.
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