Enterprise Community Development has successfully secured financing for the latest addition to Northeast Washington, D.C.’s Edgewood Commons campus. The development, known as Edgewood Commons V, will consist of nearly 800 affordable homes and is a crucial part of the community.
Located at 435 Edgewood Street NE, this project will feature a mix of 11 studios, 135 one-bedroom units and five two-bedroom apartments. These units are designed to cater to individuals from various income levels with options for those earning up to 30% or up to50% of the area median income.
Accordingly Christine Madigan – interim president at Enterprise Community Development – stated that “This community plays an integral role in our ongoing efforts towards creating and preserving affordable housing while supporting seniors in the Edgewood neighborhood.” The design prioritizes accessibility and environmental sustainability by adhering strictly Green Communities standards. Completion is expected by third quarter of2025.
The article titled “DC Affordable Senior Housing Lands Financing” was originally published on Connect CRE’s website.
