Brian McLaughlin will take the helm of a new organization bringing together Enterprise Homes and Community Preservation and Development Corp. (CPDC), two leading affordable housing developers and managers in the Mid-Atlantic.
The firms originally announced in January 2018 that they would combine their resources to better serve low- and moderate-income households in the region. Enterprise Community Development (ECD), a subsidiary of Enterprise Community Investment, will continue to expand on the success that CPDC and Enterprise Homes has had in developing, preserving, and managing affordable housing.
When fully combined by Jan. 1, 2020, ECD is expected to rank among the top five nonprofit affordable housing owners in the nation, with over 100 properties and nearly 14,000 homes in Maryland, Pennsylvania, Virginia, and Washington, D.C.
McLaughlin will join ECD as president and CEO on Aug. 19, bringing 22 years of experience managing real estate business lines across the nonprofit, for-profit, and public sectors. Once the two companies are fully combined, he will succeed Chickie Grayson, president and CEO of Enterprise Homes, and Mike Pitchford, president and CEO of CPDC.
“Brian’s decades of experience in multifamily finance and development, along with his commitment to our goal of improving lives through well-designed homes with best-in-class resident services, make him the right choice to lead Enterprise Community Development at this exciting moment,” said Charles Werhane, president and CEO, Enterprise Community Investment. “We congratulate and welcome Brian in his new role, where he will bring to bear Enterprise’s leadership and expertise to build equitable and inclusive communities where residents can help shape the future of their neighborhoods.”
Based in Baltimore and Silver Spring, Md., McLaughlin will provide overall strategic direction to the combined organization, growing its culture and expanding its resident services. He will oversee a team with expertise in community planning, land development, design, construction, asset management, property management, and resident services.
He began his career in the nonprofit community development field in Boston and later in York, Pa., where he led a 200,000-square-foot, mixed-use development. He later served as assistant secretary at the Maryland Department of Housing and Community Development, leading the state’s primary division responsible for neighborhood revitalization programs. He also has held various positions at Fannie Mae and is the founding CEO of Lantian Development, a Maryland-based private equity, real estate investment, and development company.