Low-Income Units Safe Haven for Some Investors
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October 25, 2022
Freddie Mac Multifamily today named BH Management Services (BH) as its 2022 Impact Sponsor of the Year. The award recognizes BH’s efforts to preserve and create affordable rental housing while advancing tenants’ interests through a series of unique initiatives. Freddie Mac created the Impact Sponsor of the Year Award in 2021, making BH the second recipient.
“From the way they have sought to build a diverse and inclusive team, to their focus on building communities that are sustainable for tenants and the environment, BH is a multifamily company that puts people first,” said Steve Johnson, vice president of Production & Sales for Freddie Mac Multifamily. “We’re proud to name BH our second annual Impact Sponsor of the Year. They set a great example for the industry by proving that you can both do good and do well.”
With approximately 100,000 units managed and 50,000 owned, BH is using its scale to make a difference in the lives of residents. The company leverages Freddie Mac’s credit-building initiative to report renters on-time rent payments, helping residents establish a solid foundation for their financial futures. BH also offers flexible rent payment arrangements and works with residents to deliver millions in rental assistance each year.
BH has focused on reducing the environmental footprint of its multifamily properties with energy and water-saving measures that lead to more ecologically and financially sustainable homes. BH is also a multifamily Diversity, Equity and Inclusion industry pioneer, with a management team that is over 50% women and a workforce that’s more than 50% diverse.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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