Aimco Gives $110,000 for Scholarships for Students in Affordable Housing: Latest Gift Brings Total Contributions to $935,000

WASHINGTON, Nov. 7, 2016 /PRNewswire/ -- Students who live in affordable, subsidized housing across the country are pursuing higher education with the help of scholarships funded by Apartment Investment and Management Company (Aimco). Aimco's 2016 donation of $110,000, raised in the company's 13^th Annual Aimco Cares Golf Classic, brings the company's total fund contribution to $935,000 over seven consecutive years.  

Aimco Area Vice President Kevin Mosher and members of Aimco's Washington, D.C. team were joined by golf tournament sponsors RentPath and Ballard Spahr to present the contribution to Denise Muha, Executive Director of the National Leased Housing Association, for the NLHA Education Fund which administers the Aimco Cares Opportunity Scholarship. The check presentation took place during the NLHA Fall Seminar at the Washington, D.C. Marriott.  

"We are so pleased to provide opportunities for young men and women who dream of earning a college degree and building a solid future for themselves and their families," said Mosher. "In partnership with NLHA we have had the privilege of helping more than 200 deserving students through the Aimco Cares Opportunity Scholarship, many through their entire college careers.  Aimco's corporate citizenship values embrace a commitment to education and desire to 'give back' to our communities."   

The scholarships are awarded based on financial need, scholastic merit, community leadership and volunteerism. 

"Aimco Cares has been an important contributor to the NLHA's Education Fund which makes a critical difference in whether a student in affordable housing can go to college," said Muha. "NLHA is so grateful to Aimco for its generous support of our organization and our goal of making educational opportunities accessible to students across the country."

More than 120 golfers participated in the 2016 charity tournament with more than 60 companies providing sponsorships to raise funds for the event which was held in July at Sanctuary Golf Course in Sedalia, Colorado.  Diamond sponsors contributing at least $30,000, were RentPath and Affordable Housing Advisors/Marcus & Millichap. Platinum sponsors, contributing at least $20,000 were Apartments.com, ARA Newmark, Realpage and Harris Winick Harris.

In addition to the scholarship fund, this year's tournament co-beneficiaries are the Tragedy Assistance Program for Survivors, which provides a network of support services for families who have lost a loved one in the line of duty, and Project Sanctuary, a nonprofit that helps military personnel reconnect with their families when they return from military service. 

Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 193 communities in 22 states and the District of Columbia.  Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.

The NLHA Education Fund was established as a 501(c) (3) organization to raise funds for the purpose of awarding education grants and scholarships to low income individuals residing in federally assisted rental housing owned, managed, or administered by members of the National Leased Housing Association. The National Leased Housing Association (NLHA) is nonprofit organization dedicated to the development and preservation of decent and safe affordable rental housing.

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SOURCE Aimco