January 28, 2008
WASHINGTON, D.C. – Avesta Housing received an honorable mention at Friday's Seventeenth Maxwell Awards of Excellence luncheon sponsored by the Fannie Mae Foundation and the Partnership to End Long Term Homelessness. Avesta Housing was also awarded a $10,000 grant from the Fannie Mae Foundation to continue its work in the field of supportive housing for chronically homeless individuals.
Dana Totman , Avesta's CEO, indicates that the 'housing first' concept provides residents a private permanent residence of their own. "For chronically homeless people, the only alternative is mats on the floor of emergency shelters where they must move back onto the streets at daybreak. It's amazing how much lives can improve when you have a roof over your head 24 hours a day," says Totman.
"The Fannie Mae Foundation commends Avesta Housing for their outstanding efforts to prevent and end homelessness. We are pleased to award Avesta Housing a grant to continue its efforts to provide supportive housing to chronically homeless individuals," said Peter Beard, executive director of the Fannie Mae Foundation.
" Avesta Housing has greatly improved the lives of chronically homeless individuals through their ability to provide appropriate supportive services and permanent housing for their tenants. They are a wonderful example of an organization committed to ending homelessness in their communities," said Bob Hohler, executive director of the Melville Charitable Trust and executive committee chairman of the Partnership to End Long Term Homelessness.
Winners and runners up were selected by an independent advisory committee for having produced the best examples of supportive housing in four categories: Housing for Homeless Veterans; Housing for Chronically Homeless Individuals; Housing for Homeless Youth; and Housing for Homeless Families. Maxwell Award winners' case studies are posted on the Partnership to End Long Term Homelessness website at www.endlongtermhomelessness.org.
Created in 1988, the Fannie Mae Foundation's Maxwell Awards program seeks to encourage and recognize the outstanding work of nonprofit organizations that develop and maintain affordable housing in urban, metropolitan, and rural communities across the country. The awards are named in honor of David O. Maxwell, who retired in 1991 after 10 years of service as chairman and chief executive officer of Fannie Mae and chairman of the board for the Fannie Mae Foundation.
The Fannie Mae Foundation is a private nonprofit organization, supported solely by Fannie Mae that creates affordable homeownership and housing opportunities across the United States.
STYLE USAGE: The Fannie Mae Foundation is a separate legal entity from Fannie Mae (a NYSE-listed company). In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the Foundation exclusively as "the Fannie Mae Foundation" or "the Foundation," but not as "Fannie Mae."