NLHA Education Fund Receives Aimco Donation
- Oct 26, 2011
Washington, D.C.—Apartment Investment and Management Co. (Aimco) has donated $146,000 to the National Leased Housing Association Education Fund. The purpose of the donation is to provide higher education tuition assistance to students who live in subsidized housing. Denver-based Aimco is an apartment REIT with about 600 properties nationwide containing 105,000 units.
The donation will fund 2012 Aimco Cares Opportunity Scholarships. According to Aimco, the scholarships will be awarded based on financial need, scholastic merit, community leadership and volunteerism. Thirty-seven undergraduate recipients will be awarded scholarships through the fund for the next academic year.
Aimco’s philanthropic arm, Aimco Cares, raised proceeds for the donation during the company’s most recent annual Charity Golf Classic, sponsored by Aimco and presented by RE/MAX. More than 70 sponsoring companies raised funds for the event, which was held this summer at Sanctuary Golf Course in Sedalia, Colo. This year’s tournament co-beneficiary was the Tragedy Assistance Program for Survivors, which offers a national network of support for military families grieving the death of a loved one killed in the line of duty.
The NLHA Education Fund is a nonprofit organization formed by National Leased Housing Association in 2007. Its purpose is to seek ways to improve the lives of those dwelling in federally assisted housing or properties that receive federal housing assistance. The beneficiaries of the fund’s scholarships, which are given based on merit and need, must live in privately owned, federally assisted low-income housing properties (Section 8, low-income housing tax credits) or be recipients of Section 8 voucher assistance.
The Aimco Cares Opportunity Scholarships is one of four offered through the NLHA Education Fund. The others include the William F. Gandert Memorial Scholarship, named for an Ohio official instrumental in creating public housing authorities in that state; the Mary Lou Manzie Memorial Scholarship, named for a long-time officer and director of NLHA; and the Neil Churchill Memorial Scholarship, named for a past NLHA president and a Section 8 advocate.