The National Affordable Housing Management Association (NAHMA) congratulates the winners of its annual Affordable Housing Vanguard Awards. The awards recognize newly developed or significantly rehabbed affordable multifamily housing communities that showcase high-quality design and resourceful financing.
“The excellence exhibited throughout these multifamily developments dispels the notion that affordable housing cannot be an asset to their communities. Vanguard Award winners deliver powerful proof that affordable housing done well can transform neighborhoods and the lives of individual residents,” NAHMA CEO Kris Cook, CAE, said.
The Affordable Housing Vanguard Awards winners will be recognized at an awards ceremony at the NAHMA Biannual Top Issues in Affordable Housing Conference in October in Washington, D.C.
The 2025 winners are:
Vanguard Award for New Construction
*Small Property (less than 100 units) (TIE)
- Nest56 at Denargo Market, Denver, Colo.; Management Company: Pennrose Management Company; Owner of Property: Pennrose LLC, Philadelphia, Penn., and Rivet Development Partners LLC, Denver, Colo.
- Parkway 1208, Boston, Mass. (West Roxbury); Management Company: Peabody Properties; Owner of Property: B’nai B’rith Housing, Boston, Mass.
*Large Property (more than 100 units)
- McAuley Station, Atlanta, Ga.; Management Company: Pennrose Management Company; Owner of Property: Pennrose LLC, Philadelphia, Penn., and Saint Joseph’s Mercy Care, Atlanta, Ga.
Vanguard Award for Major Rehab of an Existing Rental Housing Community (Tie)
- Baltic Plaza Apartments, Atlantic City, N.J.; Management Company: CRM Residential; Owner of Property: Standard Communities, Los Angeles, Calif.
- West Village Apartments, Buffalo, N.Y.; Management Company: WinnResidential; Owner of Property: WinnCompanies, Boston, Mass.
Vanguard Award for Major Rehab of a Nonhousing Structure
- The Pryde, Hyde Park, Mass.; Management Company: Pennrose Management Company; Owner of Property: Pennrose LLC, Philadelphia, Penn., and LGBTQ Senior Housing Inc., Hyde Park, Mass.
Vanguard Award for Major Rehab of a Historic Structure Into Affordable Rental Housing
- Olbiston Apartments, Utica, N.Y.; Management Company: CRM Rental Management Inc.; Owner of Property: Liberty Affordable Housing Inc., Rome, N.Y.
For details on the NAHMA Vanguard Award winners, visit https://www.nahma.org/awards-contests/vanguard-awards/.
The Vanguard Awards demonstrate that exceptional new affordable housing is available across the country; confirm that the affordable multifamily industry is and must be creative if such exceptional properties are to be built given the financial and other challenges to development; highlight results of the private/public partnerships required to develop today’s affordable housing; and share ideas for unique design and financing mechanisms with industry practitioners to further stimulate creative development in the affordable multifamily industry.
The judges of this year’s Vanguard Awards were distinguished NAHMA members from across the country: Phil Carroll, Community Housing Services; Frank DuPree, Vista Capital Management Group; Glenda Leduc, Mansermar Inc.; Angie Waller, recently retired; and Jennifer Wood, The John Stewart Company.