HOC Allocates 47 Faircloth Units to Springvale Terrace
Housing Opprty Com Of Montgomery CoLocal Housing Authority · Kensington, MD- Approved
- Jan 14, 2026
The 30-second brief
The Housing Opportunities Commission of Montgomery County approved entering into a Restore-Rebuild transaction with the Springvale Terrace joint venture led by Enterprise Community Development, allocating 47 Faircloth units to the redevelopment. The joint venture will construct, own, and operate the 236-unit senior affordable community, and will reimburse HOC for all transaction-related fees and costs.
Enterprise Community Development holds this contract with Housing Opprty Com Of Montgomery Co. Its other public contracts on record include work for City of Waynesboro and Fairfax county Redevelopment & Hsg Authority.
Term as filed: Construction closing anticipated February 2026; construction March 2026 – April 2028; lease-up May 2028 – August 2029.
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Contract details
- Document date
- January 14, 2026
- Term
- Construction closing anticipated February 2026; construction March 2026 – April 2028; lease-up May 2028 – August 2029
- Source document
- Housing Opportunities Commission of Montgomery County AgendaPacket Authorization to Enter into a Restore-Rebuild Transaction for Springvale Terrace 2026-01-14 (AgendaPacket)
Enterprise Community Development's other public contracts
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Questions about this contract
Who was awarded the government contract by Housing Opprty Com Of Montgomery Co?
Enterprise Community Development was awarded this government contract by Housing Opprty Com Of Montgomery Co, as recorded on January 14, 2026.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Housing Opportunities Commission of Montgomery County AgendaPacket Authorization to Enter into a Restore-Rebuild Transaction for Springvale Terrace 2026-01-14 (AgendaPacket), dated January 14, 2026 from Housing Opprty Com Of Montgomery Co. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Enterprise Community Development hold?
Enterprise Community Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Housing Opprty Com Of Montgomery Co currently buying?
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