SILVER SPRING, MD. — Enterprise Community Development, a Silver Spring-based nonprofit affordable housing owner and developer, has named Ray Smith senior vice president of real estate development. In this role, Smith will lead the organization’s affordable housing development efforts across Washington, D.C., and Maryland. Smith brings approximately 30 years of experience in multifamily development, real estate finance and affordable housing, with expertise in site acquisition, entitlement, design oversight, capital structuring and project execution.
Before joining Enterprise Community Development, Smith held senior leadership positions with Legacy Partners, Madison Capital Group, The Bainbridge Companies, Middleburg Real Estate Partners and Wood Partners. Earlier in his career, he served as a vice president at Bank of America, where he originated and structured financing for affordable housing and commercial real estate projects and helped secure tax credit and bond allocations for affordable and mixed-income developments.