News: Front Section
Posted: December 16, 2016
WinnResidential recognized as leading M/WBE by MassHousing
Boston, MA For the 16th 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.
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.
Karen Kelleher, deputy director of MassHousing , WinnCompanies CEO Gilbert Winn, and James Fortune, Jr., public administrator at MassHousing.
During fiscal 2016, WinnResidential awarded nearly $4.4 million in work to minority-owned businesses (MBE), nearly $2.45 million to women-owned businesses (WBE), and $1.95 million to enterprises that were both minority and women owned. The total of $8.8 million represents 28.7% of the $30.6 million the company spent on vendors at properties funded, in part, by MassHousing in fiscal 2016.
“We appreciate being recognized as the only company to have earned the highest achievement ranking every year since this award’s inception in 1999. I like to think it’s a byproduct of our culture and values,” said Arthur Winn, founder and principal of WinnCompanies. “MassHousing deserves tremendous credit for its national leadership in support of minority and women-owned businesses in the multifamily industry.”
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 43 MassHousing-financed properties totaling 7,010 units in fiscal 2016.
“In the past 15 years, we have injected more than $149 million into the state’s economy through our strong relationships with minority and women-owned businesses here,” said Gilbert Winn, CEO of WinnCompanies. “They don’t just share in our success; they are key contributors to it. We value our M/WBE partnerships and the vitality these businesses bring to our communities.”
About WinnCompanies
WinnCompanies is an award-inning national property development and management company dedicated to the highest standards of excellence. Through its companies, WinnDevelopment, WinnResidential and WinnMilitary, WinnCompanies acquires, develops and manages multifamily, affordable, senior, mixed-income, market rate and commercial properties. Founded in 1971 and operating in 22 states and the District of Columbia, it is the fifth largest multi-family housing manager and the largest manager of affordable housing in the United States. www.winncompanies.com
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