For its efforts preserving and creating affordable rental housing while advancing residents’ interests, BH Management Services has been named Freddie Mac Multifamily’s 2022 Impact Sponsor of the Year.
“From the way they have sought to build a diverse and inclusive team to their focus on building communities that are sustainable for tenants and the environment, BH is a multifamily company that puts people first,” said Steve Johnson, vice president of production and sales for Freddie Mac Multifamily. “We’re proud to name BH our second annual Impact Sponsor of the Year. They set a great example for the industry by proving that you can both do good and do well.”
BH manages approximately 100,000 units and owns 50,000 units, ranking No. 8 on the National Multifamily Housing Council’s 2022 list of top apartment managers and No. 22 on the 2022 list of top apartment owners. The company uses its scale to make a difference in its residents’ lives. It leverages Freddie Mac’s credit building initiative to report on-time rent payments, which helps its residents establish a solid foundation for their financial futures. In addition, the company offers flexible rent payment arrangements and helps deliver millions in annual rental assistance.
The company also prioritizes sustainability and diversity. It has focused on reducing its environmental footprint by implementing energy- and water-saving measures. As a diversity, equity, and inclusion pioneer in the industry, it touts that its management team is over 50% women and its workforce over 50% diverse.
“At BH, we’re focused on creating spaces where people live and thrive,” said CEO Joanna Zabriskie. “We believe that how we do business—and the decisions we make—can have a real impact on people and communities, so we’re continually evolving our practice to make BH a better place to work and live for all.”
This is the second year for the government-sponsored enterprise’s honor, with the inaugural award going to Comunidad Partners. In addition to the award, Freddie Mac created an impact sponsor cohort to identify actions that can make a social impact in multifamily housing. The inaugural cohort includes Bridge Investment Group, CAF Capital, ColRich, Comunidad Partners, Fairstead, Greatwater Opportunity Capital, Kairos Investment Management, MRK Partners, Openpath Investments, and Stoneweg.