Finalists are chosen to be Pillars of the Industry.The National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than announced the finalists for its 2006 Pillars of the Industry Awards, which honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. superior achievement in apartment and condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. development, design, marketing, and management. The Pillars are considered to be a showcase of innovation and future trends. "These finalists all have a great deal to be proud of," said Leonard Wood, chairman of NAHB's multifamily leadership board and managing director of Atlanta-based Wood Partners. "This year's Pillars program proves once again that today's multifamily communities are better than ever and offer a wide variety of great lifestyle choices to residents." Finalists were named in 29 categories, including Freddie Mac's Multifamily Development Firm of the Year and Property Management Company of the Year. Wood said this year's competition saw a huge jump in the number of entries in the "Best Affordable Rental Apartment" category, reflecting the growing need for workforce housing Workforce housing is a relatively new term that is increasingly popular among planners, government administrators and housing activists, and is gaining cachet with home builders, developers and lenders. , especially in high-cost neighborhoods. "This category really shows how tremendously innovative today's multifamily developers have to be to provide high-quality apartment living at affordable prices, in an era of rapidly escalating land and construction costs," he noted. Another notable trend arising from this year's awards stems from the opposite end of the spectrum, with several for-sale projects making the list of finalists. This can be seen as a direct influence of urban-area condos attracting everyone from aging baby boomers See generation X. to young professionals who want a low-maintenance, full-service lifestyle. Winners will be announced at a gala ceremony held in conjunction with NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) Multifamily's Pillars of the Industry Conference on April 4, in Scottsdale, Ariz. NAHB will also present the Freddie Mac/Pillars of the Industry Award for "Multifamily Community of the Year," selected from among the winners in the builder award categories. |
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