2008 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:

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

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 www.nahma.org.