MCLEAN, Va., Oct. 25, 2022 (GLOBE NEWSWIRE) — Freddie Mac Multifamily Named Today BH Management Services (BH) as 2022 Impact Sponsor of the Year. The award recognizes BH’s efforts to preserve and create affordable rental housing while advancing the interests of tenants through a series of unique initiatives. Freddie Mac created the Impact Sponsor of the Year Award in 2021making BH the second recipient.

“From the way they sought to build a diverse and inclusive team, to their focus on building sustainable communities for tenants and the environment, BH is a multi-family business that puts people first,” said Steve Johnson , Vice President of Production & Sales for Freddie Mac Multifamily. “We are proud to name BH our second annual impact sponsor of the year. They have 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 inmates, BH uses its scale to make a difference in the lives of residents. The company relies on Freddie Mac’s credit-building initiative to signal tenants about on-time rent payments, helping residents build a solid foundation for their financial future. BH also offers flexible rent payment terms and works with residents to provide millions in rental assistance each year.

BH has focused on reducing the environmental footprint of its multi-family properties with energy and water saving measures that lead to more ecologically and financially sustainable homes. BH is also a multi-family industry pioneer of diversity, equity and inclusion, with a leadership team of over 50% women and a diverse workforce of over 50% .

“At BH, we are focused on creating spaces where people live and thrive,” says Joanna Zabriskie, CEO of BH. “We believe that the way we do business – and the decisions we make – can have a real impact on people and communities, so we are continually evolving our practices to make BH a better place to work and life for all.

In addition to its Impact Sponsor of the Year Award, Freddie Mac has also created an Impact Sponsor Cohort to identify actions that can and do have a social impact in multifamily housing. The inaugural cohort includes Bridge Investment Group, Capital of CAF, ColRich, Community Partners, Fairstead, Greatwater Opportunity Capital, Kairos Investment Management, MRK Partners, Openpath Investments and Stoneweg.

More information about Freddie Mac Multifamily’s impact sponsorship initiative is available on the company website. Applications for the 2023 award will open in early 2023.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our founding by Congress in 1970, we have made housing more accessible and affordable for buyers and renters in communities nationwide. We are building a better housing finance system for buyers, renters, lenders and ratepayers. Learn more about FreddieMac.comTwitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

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