Riverwoods at North East Holds Grand Opening in Cecil County; Apts. Fully Leased in Three Months

From left: Robert Iber, director of Baltimore Multifamily Program Center, U.S. DHUD; Chickie Grayson, president, Enterprise Homes; Paul Stark, vice mayor, Town of North East; Ron Wilson, director of housing initiatives, Enterprise Homes; and Christine Caudillo, property manager, Habitat America. Photo by Alan Gilbert.

North East, MD – Community leaders and residents celebrated the grand opening of Riverwoods at North East Apartments in Cecil County, capping the evening with a community barbecue. The 76-unit, garden-style community is on Riverwoods Rd. next to Route 40 and nearby North East Creek.

Riverwoods at North East Apartments serves a tremendous demand in Cecil County for affordable rental housing. DHCD helped fund the development through the agency’s Rental Housing Production Program and federal Low Income Housing Tax Credits.

“It took less than three months for all 76 units to fill up. This only shows that affordable rental housing is needed more than ever,” said Brein O’Toole, deputy director of DHCD’s multifamily unit. “Funding this development emphasizes our commitment to the well-being of Maryland’s hardworking citizens and to helping them find a balance between family life and work life.”

DHCD works to stimulate the production of affordable rental housing for working families by providing financing to cover construction, rehabilitation or acquisition costs.

Riverwoods at North East offers 16 one-bedroom units, 40 two-bedroom units and 20 three-bedroom units. Each apartment is designed with Energy Star appliances, energy-efficient windows and lighting and water-conserving plumbing fixtures. The community center features a cyber café, fitness room, library and a lounge area for small group meetings or social gatherings.

Residents can also enjoy easy walking distance access to public transportation, dining, shopping and entertainment along North East’s Main Street.

Riverswoods at North East is developed by Enterprise Housing Corporation and Osprey Property Company, and managed by Habitat America.

“It takes perseverance, dedication and commitment to create quality affordable housing,” said Chickie Grayson, president and CEO of Enterprise Homes. “Federal, state and local officials and the private sector all came together to provide great housing for the people of Cecil County.”

Additional funding for Riverwoods came from Capital One Bank, Wells Fargo Bank, AGM Financial Services, U.S. Department of Housing and Urban Development, Federal Home Loan Bank of Atlanta, Enterprise Community Investment and the Town of North East.

For leasing information on Riverwoods at North East, visit www.riverwoodsapts.com.

For more details on DHCD’s multifamily housing programs, visit www.mdhousing.org.

– By Samantha Lozano