Affordable Awards Category

Multifamily Pillars of the Industry Awards
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Contact: Multifamily Pillars of the Industry Awards
pillars@nahb.org

Affordable Awards encompass products ranging from affordable apartment community to acquisition/rehabilitation, workforce housing and more. Winning entries are automatically nominated for the Multifamily Community of the Year Award — the Multifamily Pillars Awards’ top honor.

  1. Best Affordable Apartment Community (Up to 100 Units)
    Affordable apartment communities are defined as apartment developments where the residents earn no more than 60% of the average median income of the metropolitan statistical area. These apartment complexes are often developed with the use of Low-Income Housing Tax Credits and/or other federal/state subsidies. Nominees in this category offer 100 units or less. Note: If the project does not utilize the Low-Income Housing Tax Credit program, it can also be considered for Best Workforce Housing.
  2. Best Affordable Apartment Community (Over 100 Units)
    Affordable apartment communities are defined as apartment developments where the residents earn no more than 60% of the average median income of the metropolitan statistical area. These apartment complexes are often developed with the use of Low-Income Housing Tax Credits and/or other federal/state subsidies. Nominees in this category offer 101 units or more. Note: If the project does not utilize the Low-Income Housing Tax Credit program, it can also be considered for Best Workforce Housing.
  3. Best in Green Affordable Multifamily Community
    Green building concepts refer to both the structure and the use of processes that are environmentally responsible and resource efficient throughout a building's life cycle, including siting, design, construction, operation, maintenance, renovation and demolition. Green building concepts often receive green building designations such as NGBS Green or LEED certifications. To be eligible in the affordable category, the project must be affordable for residents with incomes up to 120% of the area median income.
  4. Best Workforce Housing Community
    Workforce housing communities are defined as any type of multifamily development (for-sale or rental) whose residents earn income roughly from 80% to no more than 120% of the area median income of the metropolitan statistical area. These communities are often targeted at the “essential” workers of a community, such as police officers, firefighters, teachers, nurses and service workers. These communities arenot recipients of Low-Income Housing Tax Credits.
  5. Best Supportive Services at an Affordable Apartment Community
    Supportive services describe the service program(s) that a community offers to residents, which assist them in their day-to-day lives. Supportive services can pertain to education, employment, vocational, health care, veteran services, childcare and more.
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Multifamily Pillars of the Industry Awards

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