28 — February 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
Financing supports solar & storage across 25 MD properties Enterprise Community Development secures $4.5 Million in solar financing
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Program. These investments reduce operating expenses, support long-term affordability and create new economic op- portunities for residents, which are core pillars of Enterprise’s broader clean-energy and cli- mate-resilience strategy. “This financing marks a major milestone in our com- mitment to delivering clean, resilient and cost-saving en- ergy solutions across our com- munities,” said John Fox , senior director of Clean En - ergy at Enterprise Community Development. “Maryland’s leadership in clean-energy financing and the partnership
Garden Communities’ Two Legacy Place reaches milestone Enterprise will continue exploring additional funding sources under similar terms to expand solar deployment across Maryland and future markets, advancing its vision for sustainable, equitable and resilient communities. MAREJ of MCEC and the Maryland Energy Administration allow us to advance projects that will have lasting benefits for residents. We’re excited to set a model that other affordable housing organizations can replicate nationwide.” The closing follows more than a year of collaboration between Enterprise and the Maryland Clean Energy Center, begin - ning with MCEC’s Solar For All application back in 2023. Despite complex financing and regulatory hurdles, the transaction ultimately closed with terms closely aligned to the original concept—ben- efiting residents, reinforcing grid resilience and supporting state-level climate action.
redevelopment projects, help- ing the organization scale its clean-energy strategy across its 115-community portfolio. Over the past several years, Enterprise has emerged as a national leader in community solar, advancing a multi-phase strategy to bring clean energy, cost savings and resilience to its affordable housing com- munities. Across Washington, DC and Maryland, Enterprise has already deployed more than three megawatts of solar, launched additional phases now underway and graduated nine residents from its Solar Installer Workforce Training
ALTIMORE, MD — Enterprise Commu- nity Development
partnership with the Mary- land Energy Administra- tion , positions Enterprise as one of the first affordable hous - ing organizations in the nation to leverage this type of innova- tive clean-energy capital. The facility will support Enterprise’s Clean Energy MD-I portfolio and allow the organization to immediately safe harbor all 25 project sites for the federal Investment Tax Credit (ITC). Structured as a five-year revolving note with a 3.5% interest rate, the fund is expected to be reused multiple times to support both acquisition-rehab and LIHTC
has closed on a $4.5 mil - lion revolving credit facil- ity to expand solar energy and battery storage proj- ects across 25 afford-
John Fox
able housing communities in Maryland. The financing, pro - vided by the Maryland Clean Energy Center through its Sustainable Energy Invest- ment Fund (SEIF) and in
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Legacy Place rendering
EAST BRUNSWICK, NJ — Legacy Place, Garden Com- munities’ multifamily com- munity in East Brunswick, has reached another milestone with the completion of Two Legacy Place, the property’s second mixed-use mid-rise apartment building fronting on Tices Lane. “We’re thrilled to hit this next milestone and see Legacy Place evolving into the vibrant com- munity we always envisioned,” said Miranda Gjini , property and leasing manager. “With Two Legacy Place now in ac - tive lease up, we’re excited to welcome new residents and continue building momentum toward full occupancy.” Two Legacy Place includes an expanded suite of social and recreational amenities, includ- ing a courtyard-level outdoor pool with a putting green and bocce court, two regulation bowling alleys, state-of-the- art fitness center, dedicated co-working spaces, and a chil- dren’s playroom. MAREJ
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