Enterprise Homes has promoted Christine Madigan to executive vice president of development. Madigan joined Enterprise Homes in 2001 and has been responsible for all aspects of rental and for-sale communities serving seniors and families in the Mid-Atlantic region. In addition to managing the Enterprise Homes development team, Madigan is responsible for its apartment investment program.
More about Christine Madigan
Resides in: Washington, D.C.
Education: B.A., Wesleyan University; M.B.A., Yale University; M.A.R., Yale University
What is the biggest change you have seen in financing and development since you started with Enterprise Homes?
“Financing sources and pricing have moved (up and down) with the broader economy. In Maryland, Rental Housing Works, which is a great loan program started three years ago, has made a huge difference, creating jobs and stimulating additional investment.”
If you could change one common misperception about housing, what would it be?
“Housing insecurity is not perceived as the enormous national challenge that it is. Nearly 19 million low-income families in this country spend more than half of their monthly income on housing and more than 600,000 people are homeless. Housing affordability is the critical first rung on the ladder of opportunity, so solving the affordability crisis is really important.”
Recent vacation: Cross-country skiing in the White Mountains in New Hampshire — “Plenty of snow this year.”
Favorite book: “Chariots of Fire.” “It captures the zen and camaraderie of long-distance running.”
“First, see the world as one of opportunity. Look for the opportunities. Believe in them. Don’t accept pessimism from disbelievers. Pessimism creates nothing, builds nothing, supports nothing. It’s the optimist in life who sees new possibilities, believes problems can be solved. Optimism stimulates energy, spirit, hope and action.” — Jim Rouse, Enterprise Homes’ founder