Aimco Gives $130,000 for Scholarships for Students in Affordable Housing:

WASHINGTON, Dec. 5, 2014 /PRNewswire/ -- Students who live in affordable, subsidized housing across the country are pursuing their dreams of higher education with the help of scholarships funded by Apartment Investment and Management Company (Aimco).  Aimco's 2014 donation of $130,000, raised in the company's 11^th Annual Aimco Cares Golf Classic, brings the company's total fund contribution to $695,000 over five consecutive years.  

Members of Aimco's Washington, D.C. Team joined Aimco Director of Communications Cindy Lempke and major sponsors of the golf tournament 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 recent NLHA Fall Seminar at the Washington, D.C. Marriott.  

"We are so proud of our partnership with NLHA, and of the promising young men and women who we have been able to support through the Aimco Cares Opportunity Scholarship.  These amazing students are passionate about their education and focused on creating a bright future for themselves and their families," said Patti Shwayder, Aimco Senior Vice President of Government Relations and Communications.  "The Aimco Cares Opportunity Scholarship reflects Aimco's corporate citizenship values, and commitment to education.  We're pleased to 'give back' to these deserving students, some of whom we've had the privilege of helping for several consecutive years."

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

"Aimco Cares has been pivotal to the growth and success of the NLHA's Education Fund which makes a critical difference in whether a student in affordable housing can go to college," said Muha.  "Some 200 low-income students over the past five years have had the opportunity to attend college, due in large part to the support of Aimco."

More than 120 golfers participated in the 2014 charity tournament with more than 75 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 Jones Lang LaSalle, RentPath and IPA.  Platinum sponsors, contributing at least $20,000, were Apartment Finder and Harris Winick, LLP.

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 204 communities in 23 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.  For more information, visit http://hudnlha.com/.

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SOURCE Aimco

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