NAHMANewsrelease -- Communities of Quality Corporate Partner Program

NAHMA Announces New Communities of Quality Corporate Partner Program and
2007 COQ Awards Program Guidelines

June 19, 2006, Alexandria, Va. — The National Affordable Housing Management
Association (NAHMA) announced today the launch of the new Communities of Quality
(COQ) Corporate Partner designation. Management companies that have at least 50
percent of their property portfolio accepted into the COQ National Recognition program
qualify for the Communities of Quality Corporate Partner designation.

The portfolio calculation can be based on either number of units or number of properties
managed in the company’s affordable portfolio and is self-reported. This designation was
created specifically to honor management companies that successfully maintain a
significant portion of their properties to the high standards of the COQ National
Recognition program.

“Earning this COQ corporate designation is truly an outstanding accomplishment, and it
publicly declares that these companies are among the finest managers of affordable
multifamily housing in the industry,” said NAHMA President Michelle Norris, NAHP-e,
SHCM. “This designation will add value to the brand of each participating management
company and to the Communities of Quality program. We believe that corporate support
for this designation will catapult the COQ program into a well-known nationally
recognized program honoring excellence in the affordable housing industry.”

In addition, NAHMA also announced the participation guidelines for its 2007 COQ
Awards program, which recognizes outstanding property management companies
providing the highest possible quality of safe, affordable multifamily rental housing in
communities around the country.

NAHMA’s 2007 COQ Awards Program will again be sponsored by The Home Depot
Supply (HD Supply Multifamily Solutions), a leading supplier of maintenance and
renovation products to the multihousing industry.

Now in its 15th year, the awards competition will include five categories:
* Exemplary Family Development
* Exemplary Development for the Elderly
* Exemplary Development for Residents with Special Needs
* Exemplary Development for Single Room Occupancy Housing
* Outstanding Turnaround of a Troubled Property

A new brochure available at the NAHMA website at
http://www.nahma.org/content/COQ%20Awards%20App_Final_2007.pdf
contains details on how to enter the 2007 COQ awards program. Also available at the
website is an updated COQ Recognition Program application that includes special
consideration for small property participation in several key categories. Also available at
the website, or via CD, is a tutorial on filling out the application. (Video Tutorial For
Submitting COQ Application)

There are three steps for entering the 2007 Awards program:

How to Enter

Step One – Become a Nationally Recognized Community of Quality Property

To enter the 2007 Communities of Quality Awards competition, a property must first
apply for and achieve National Recognition as a NAHMA Community of Quality. To
earn National Recognition, a property must meet the minimum required point total of
each of the six categories designated under the program (Inspections; Financial
Management; Employee Credentials; Programs and Services; Endorsements; and
Photographs and Reports) as well as earn an overall total minimum of 225 points (200
points for properties with 49 units or less). To be eligible to enter the 2007 Communities
of Quality Awards competition, a property must have scored a minimum of 325 points on
its National Recognition application when it was submitted (see Step Two for more
details for properties that have scored 325 points on past applications).

Detailed application information and submission materials for the NAHMA Communities
of Quality National Recognition program are available at the NAHMA website at
www.nahma.org (please click on the Communities of Quality or COQ navigation links).
Or, if you would prefer to have these materials mailed to you, please contact Joe Thomas
at NAHMA, via email joe.thomas@nahma.org; or regular mail, at 400 N. Columbus
Street, Suite 203, Alexandria, VA 22314.

If your property initially received less than 325 points when your COQ National
Recognition application was first submitted to NAHMA, you may elect to update this
original application to earn more points if you have made improvements to your property
since then. Simply photocopy your original COQ application (application only, not
original supporting documents), and use a colored marker and highlighter to edit the form
and indicate where changes have been made and new points should be awarded. Please
send the updated application – and documentation that supports the edits made – directly
to NAHMA at the address above, with a check payable to NAHMA for $25 (record
administration fee). Please note that this limited score updating process does not impact
the requirement that every COQ property must submit a complete renewal application
every two years from the date of entry into the program.

Step Two – If You’re Currently Nationally Recognized – You’re Ready to Enter

If your property has earned National Recognition status as a NAHMA Community of
Quality -- and received 325 or more points on the National Recognition application –
then you’re ready to enter the 2007 Communities of Quality Awards competition!
(Properties that competed in previous COQ Awards programs but did not win are invited
to reapply for the 2007 awards program; previous award winners are not eligible to re-
compete.)

Step Three – Prepare and Submit Entry Materials

Your COQ awards competition entry materials will consist of the following:

1) The National COQ Recognition Program application you have already submitted (you
do not need to resubmit a copy of the application; NAHMA will refer to the copy it has
on file)
2) The Entry Form panel from the 2007 COQ Awards program brochure at
http://www.nahma.org/content/COQ%20Awards%20App_Final_2007.pdf, designating
which of the five categories you will be competing in (you are invited to enter more than
one category and/or multiple entries in a single category; please copy the entry form
panel from the brochure and submit a separate form and separate essay for each entry).
3) An Essay of 500 to 1500 words, outlining the outstanding features and/or aspects of
the property, and why it should be selected by the judges as an award winner; and
4) For “Best Turnaround Property” entrants only – at least four “before” pictures

Your COQ awards entry materials should be mailed to NAHMA by November 17, 2007,
c/o NAHMA COQ Awards Entry, 400 N. Columbus Street, Suite 203, Alexandria, VA
22314.

Any questions? Please call Joe Thomas at NAHMA at 703-683-8630, or email
joe.thomas@nahma.org, or visit our webpage at www.nahma.org.

Please note – local Affordable Housing Management Associations (AHMAs) will also be
honoring NAHMA Communities of Quality program participants. Please check locally
for your AHMA’s program details; a directory of the AHMAs is available at the
NAHMA website.

The Judging Process

To conduct the judging, NAHMA will assemble an independent panel of representatives
from the affordable housing arena, including government, academia and trade
associations, to review the entry materials. Award winners will be notified in early
January 2008, and will receive their awards in a special ceremony at the NAHMA 2008
winter meeting in Washington, DC, on Monday, March 10.

Benefits of Participation

Properties that earn the NAHMA Communities of Quality National Recognition receive
the following benefits:
* A congratulations letter and certificate
* A draft press release for use with local media
* A draft letter for sending to Congressional representatives
* Guidance on how to use the COQ trademark in promotional materials
* A free subscription to NAHMA News (a $100 value)
* A listing in the National Registry of Communities of Quality on NAHMA’s
website
* A brochure offering a variety of COQ logo materials available for purchase for
local marketing efforts (such as banners, golf shirts, pins, hats, etc.)

Properties that receive both National Recognition and a COQ Award receive all of the
benefits listed above. In addition, they receive:
* Recognition at an AHMA awards ceremony
* Recognition at NAHMA’s annual COQ luncheon
* A crystal award
* Inclusion in a press release distributed by NAHMA to national media and trade
press
* Inclusion in a detailed article on award winners in NAHMA News and on the
NAHMA website

“Each year, winners of NAHMA’s Communities of Quality Awards demonstrate the
commitment of property owners and managers nationwide to provide low- to moderate
income residents with the quality affordable housing that is worthy of resident and
community pride,” said NAHMA Executive Director Kris Cook, CAE.

“As a leading supplier to multifamily properties across the nation, The Home Depot
Supply is particularly proud to be involved in an award that honors those properties that
are doing the right thing for their communities,” said Mike Hendel, of HD Supply
Multifamily Solutions. “Giving back to the community is part of the way we do business
in The Home Depot family of companies, and it is a pleasure to actively share this value
with many of our customers in the multifamily industry.”

ABOUT NAHMA: NAHMA is the leading voice for affordable housing, advocating on
behalf of multifamily property owners and managers whose mission is to provide quality
affordable housing. NAHMA supports legislative and regulatory policy that promotes the
development and preservation of decent and safe affordable housing, is a vital resource
for technical education and information, fosters strategic relations between government
and industry and recognizes those who exemplify the best in affordable housing. Founded
in 1990, NAHMA’s membership today includes the industry’s most distinguished
multifamily owners and management companies.

ABOUT THE HOME DEPOT SUPPLY: With 18,000+ items and free, next-day
delivery on most items to most areas, HD Supply Multifamily Solutions is your source
for maintenance supplies and fabrication and renovation services. The company’s 500
account representatives serve more than 130 markets, providing personal service backed
by the strength of a national company. To order call 1-800-431-3000 or at
hdsupplysolutions.com.

NAHMA and the NAHMA Educational Foundation are not affiliated in any way with
The Home Depot Supply or its related companies, or their products.

For more information, contact Joe Thomas at 703-683-8630, or email
joe.thomas@nahma.org.
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