The National Affordable Housing Management Association (NAHMA) Educational Foundation, nearing its 20th year in service, has helped thousands of affordable housing residents overcome the odds to attain higher education. Its efforts have resulted in a demonstrated legacy of community empowerment one scholarship recipient at a time. NAHMA board members are problem solvers at heart. When an issue arises within the affordable housing industry, the group convenes to find a solution. The late 80s presented the board with two challenging dilemmas: several properties were experiencing a surge in drug use among residents and the local schools were not performing well. Bruce Solari, Director Emeritus of Affordable Housing Management Association for the Pacific Southwest, could see that children in those communities were facing obstacles in both of the environments in which they spent the most time. The youth struggled to find support for their academic goals and they faced adverse social pressures in their neighborhoods. Solari recalls, “I thought that something needed to be done about [those problems] and that was the genesis of the scholarship program.” The board initially aimed to create a scholarship program for traditional students. After discovering a greater need, they soon expanded the scope to include adults, seniors and residents living with disabilities. Regional programs began shortly thereafter. In 1994, the national association became involved to fill the void in regions that did not have the wherewithal to initiate their own scholarship program. By 2007, the organization distributed its first series of scholarships. Now, scholarship opportunities are available throughout much of the US. Scholarship recipients must demonstrate stellar academic credentials, involvement in community service and varied extracurricular interests. Dr. Bruce W. Johnson, Scholarship Program Administrator, collaborated with independent video contractor Andrew King to create From Sea to Shining Sea. The video promotes the idea that “securing a good education is the path to opportunity and success,” but it also reveals a more practical side to the mission of the foundation: the scholarships are the sort of gifts that keeps on giving. Scholarship recipients often participate in activities that give back to their communities, continuing the legacy of lending a supportive hand to others. Andres Brito, (right). a 2013 scholarship recipient, is pursuing a degree that will allow him to help local medical facilities. “I wish to dedicate my life to helping and caring for others in the community I call home,” Brito says. “I plan on utilizing my skills in kinesiology by volunteering in medical facilities that support individuals with limited financial resources or lack healthcare.” He also has plans to edify young men in his community. “I intend on becoming a mentor for youngsters in urban settings and help them attend college.” 2013 scholarship recipient Terrance Woolard (left) plans to pay it forward. “I’ve considered starting my own scholarship foundation. I believe it’s important for people to support things like this because it gives others an opportunity they wouldn’t have without it,” Woolard says. This year’s recipients stand on the shoulders of former award winners, who have set the bar high for community outreach. Recipient Aisha Johnson used the scholarship to complete her Masters degree in social work. She is now serving the community, helping other at-risk residents achieve their dreams. Scholarship recipient Natalie Samarjian is now a law student at UCLA. She began as a student mentor for at-risk middle school girls. Her goal was to create empowered women one girl at a time and the impact she has had continues on through the program she began. Stories like these are common amongst scholarship recipients. Their continued dedication to their communities long after they have received the scholarship demonstrates the true value of the Educational Foundation’s efforts; the scholarship fund creates a legacy of community empowerment through education. This award year was an exceptional year for the Educational Foundation. 59 students received grants ranging from $1,500-$2,500. Total grant distribution equaled $137,500. This year marked the...
Total Turnaround
Alco’s Riverwood Recognized
The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco Management. Alco’s Riverwood Tower Apartments, a senior Section 8 property located in Madison, Tenn, was recognized for “Outstanding Turnaround of a Troubled Property.” Honorees will be recognized at the NAHMA winter meeting in March. The story of Riverwood Apartments’ turnaround is a transformative one. Alco Management, which has a 6,000 unit portfolio based in the Southeast, acquired the 26-year-old property in 2005. When purchased, the 117-unit community in the suburbs of Nashville was not in great shape. It had a high vacancy rate (24 percent), a HUD REAC score of just 42, and a sub-par reputation. “Immediately after the purchase the renovation began. The name was changed to Riverwood Apartments to indicate a new beginning for this 26 year old property,” said Michael Johnson, Alco’s Executive Vice President and Chief Administrative Officer. “Alco was determined that this property would offer a quality life for senior citizens.” Alco made major improvements, including a new fire alarm system, fire safety sprinklers in each unit, electronic keyless entry, security cameras, parking lot redesign, exterior fencing and an indoor and exterior facelift. “Alco believes that a Section 8 property shouldn’t look any different than a conventional property. The apartments got new flooring, thick padded carpets, wood baseboards, and designer color paint,” Johnson said. There was also a renovation of the community common area that changed the way residents use the space. It was partitioned into four rooms (kitchen, dining, media, and community), a change that contributed to greater use. The community’s REAC score jumped from a score of 42 before the purchase to a score of 95 after the work was done. “Riverwood Apartment’s goals...