National Sponsor of the Communities of Quality™ Awards

Winners Announced for Highest-Quality Multifamily Housing Nationwide

For Sixteenth Year, NAHMA Commends National Communities of Quality®

Alexandria, Va. –  The National Affordable Housing Management Association (NAHMA) is
recognizing five affordable housing communities as winners of its 2008 Communities of Quality®
Awards.  The awards acknowledge excellence in the physical, financial and social condition of
federally subsidized properties. In addition, sites are honored on the basis of the quality of life
they offer to residents; the level of resident involvement in community life; and the nature of
collaborations with other organizations and agencies that contribute to the lives of residents and
the larger community. 

“Being named a National Community of Quality® Award winner is very significant in our industry,”
said Kris Cook, executive director of NAHMA, which represents affordable housing managers
and owners nationwide. “The competition requires considerable time, effort and documentation
on the part of entrants.  It takes a truly stand-out property to win one of these national awards.”

The awards are co-sponsored by HD Supply™ Multifamily Solutions, a leading supplier of
maintenance and renovation products to the multihousing industry. 

This year’s winners were chosen from among 21 properties that qualified for the competition
after achieving National Recognition from NAHMA as a Community of Quality®.  This means that
they exceeded by 100 points the challenging criteria properties must meet to achieve National
Recognition.

Winners of the 16th annual COQ Awards competition are:

*For Exemplary Family Development (a three-way tie):  LBK Management Services for Holly Creek
Apartments, The Woodlands, TX; WinnResidential for Cobbett Hill, Lynn, MA; and Spear
Management for Autumn Woods, Worcester, MA

*For Exemplary Development for the Elderly:  Southern Development Management Co.
for Petersburg Towers, Elberton, GA

*For Outstanding Turnaround of a Troubled Property:  WinnResidential for Maverick
Landing, East Boston, MA 

“With the current crisis in the housing and credit markets, the need for high-quality rental housing
is especially acute,” noted NAHMA President Dan Murray, NAHP-e.  “Communities of Quality
demonstrate that existing and potential affordable housing developments can be tremendous
assets to communities while providing a much-needed service to the working poor, the elderly,
special needs populations, and families who have suffered from foreclosures or other housing
crises.”

For the fifth straight year, HD Supply Multifamily Solutions has co-sponsored the COQ program. 
Mike Hendel, Director of Multifamily Business Development, said his company values the effort
COQ award winners place on maintaining safe, sound and attractive properties for at-risk
populations.  “This requires vigilance and dedication on the part of owners and managers,” he
said.  “NAHMA is leading the way in keeping expectations high for the quality of affordable
multifamily housing.”

The COQ awards will be presented at NAHMA’s annual winter meeting, March 8-10, 2009, in
Washington, D.C.

Corporate Support for COQ Awards

NAHMA wishes to thank the following corporate partners for their achievement in and support of
the Communities of Quality® National Recognition program.

AIMCO
First Realty Management
PRD Management
TESCO
Westminster Company
Walton Community Services
Metropolitan Associates

NAHMA is the leading voice for affordable housing management, advocating on behalf of
multifamily property mangers and owners whose mission is to provide quality affordable
housing. NAHMA holds a unique position in the industry as an advocate for professional
standards. It supports legislative and regulatory policy that promotes the development and
preservation of decent and safe affordable housing. It also is a vital resource for technical
education and information and fosters strategic relations between government and industry.
Founded in 1990, NAHMA’s membership today includes the industry’s most distinguished
multifamily owners and management companies.

For more information on the Communities of Quality® Award winners, visit NAHMA’s web site at
www.nahma.org.

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Past Award Winners:
Archive of Previous Award Winners
Best Practices in Affordable Multifamily Housing Management