WinnCompanies Honored for Commitment to Minority and Women-Owned Businesses
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.
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.
