WinnCompanies Honored for Commitment to Minority and Women-Owned Businesses
- Nov 11, 2015
Boston—For the 15th consecutive year, WinnResidential, the property management arm of WinnCompanies, has been recognized as the leader in partnering with minority and women-owned businesses by MassHousing, the independent agency responsible for providing financing for affordable housing in Massachusetts.
In a Nov. 11 announcement, MassHousing said WinnResidential led all property management companies in M/WBE expenditures for maintenance and goods and services during the fiscal year that ended June 30 at properties financed by MassHousing.
During fiscal 2015, WinnResidential awarded nearly $3.52 million in work to minority-owned businesses (MBE), nearly $2.19 million to women-owned businesses (WBE), and $2.37 million to enterprises that were both minority and women owned. The total of $8 million represents 27.5 percent of the $29.3 million the company spent on vendors at properties funded, in part, by MassHousing in fiscal 2015.
MassHousing tracks the annual expenditures under its Minority and Women-Owned Business vendor program in an effort to encourage equal opportunities for those businesses to benefit from work generated within apartment communities the agency has financed. WinnResidential managed 47 MassHousing-financed properties totaling 7,098 units in fiscal 2015.