MHP Named WBJ Nonprofit Developer of The Year
Silver Spring, MD, March 1, 2024 – The Washington Business Journal (WBJ) named MHP Nonprofit Developer of The Year for its Best Real Estate Deal Awards of 2023. It will honor the Silver Spring-based nonprofit developer and other honorees at an awards ceremony on April 25.
This marks the second time WBJ has recognized MHP’s work in the Greater Washington region. In 2020, WBJ named the organization’s Worthington Woods Apartments deal its Best Real Estate Deal of the year.
Reacting to the award, MHP President Robert A. Goldman expressed his organization’s excitement at being honored. He said, “MHP’s impacts in 2023 extended beyond addressing housing concerns to actively shaping communities, helping them thrive socially, economically, and environmentally.”
As it celebrates its 35th anniversary this year, MHP is further strengthening its solid track record managing the acquisition and rehabilitation of multi-family affordable housing properties in Montgomery County, MD and beyond. In 2023, the nonprofit developer made significant inroads, expanding the total number of preserved or renovated units along the Purple Line corridor to 1,100 – a productive step in preventing displacement of moderate- and low-income residents. Additionally, MHP in 2023 completed the construction of Colonnade at the Creek, a 96-unit garden-style property in Takoma Park; broke ground on The Residences at Forest Glen, a 189 unit ground-up redevelopment in Silver Spring; broke ground on renovations at Worthington Woods, a 395-unit apartment in DC; completed the North Frederick Apartments financial close; and approved the sketch plan for the estimated $150 million Amherst Square / Wheaton Arts deal.
In addition to a focus on expanding and preserving affordable housing, MHP remains committed to enhancing opportunities for its residents through Community Life enrichment programs geared towards children and families and outreach programs that serve residents facing challenges.
MHP received three other excellence awards in 2023, including the Wheaton & Kensington Chamber of Commerce Tribute Award, the Community Development Network of Maryland Impact Award, and the NeighborWorks America Impact award.
Read more about the WBJ award and view the full list of winners here.
ABOUT MHP
MHP is dedicated to making home possible. Since 1989, the organization has been preserving and expanding access to quality affordable housing. MHP is a private nonprofit that provides more than 2,800 homes in Montgomery County, MD, and surrounding communities. It accomplishes its mission by housing people, empowering families, and strengthening neighborhoods. Learn more at mhpartners.org.
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