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Affordable Housing Developer/Manager Awards $25,000 in Educational Scholarships to Residents

Category: Community, Development, News, Property Management, Uncategorized

(Fond du Lac, Wis.) September 9, 2020 – The Commonwealth Companies, headquartered in Fond du Lac, has announced its 2020 Resident Scholarship Program recipients. A total of $25,000 has been awarded to 10 deserving individuals across eight of their properties. Each scholarship recipient received $2,500 to apply towards tuition or school supplies at an accredited technical school or university of their choice for the Fall 2020 semester. The 2020 recipients reside at Garfield Park and New Village Apartments (Milwaukee, WI), Mission Village of Plover (Plover, WI), Union Square (Appleton, WI), Village on the Water (Marinette, WI), Western Townhomes (Neenah, WI), Fourteen91 Lofts (Muncie, IN), and Waterview Apartments (Lawrenceburg, IN).

“Over the years, Commonwealth has given monetary donations to numerous initiatives and is proud to also contribute toward the educational goals of our residents,” said Jenni Yeagley, Senior Vice President, Commonwealth Management Corporation. “We hope that this support will ultimately result in more people chasing after their dreams and positively contributing to the communities where we all live, work, and play.”

Commonwealth’s Resident Scholarship Program was launched in 2016 to support its mission of opening doors to opportunity through impactful action and philanthropic stewardship. The Commonwealth Companies is comprised of real estate development, architectural design, construction, and property management companies who are committed to the communities they help develop and the neighborhoods that they, along with their many residents, call “home.” This program is offered to all qualifying residents at Commonwealth managed properties across the United States.

“We realize that we can increase our positive impact with initiatives such as our resident scholarship program,” said Dan Kroetz, Senior Vice President, Commonwealth Development Corporation. “We genuinely care about our affordable housing communities and the individuals and families to whom we are able to provide quality homes. This is just one more way we can further serve and support our residents.”

To be eligible, individuals must have resided in a Commonwealth managed property for at least 12-months, be in an active lease, at least 16 years of age, and enrolled at an accredited technical school or university for the upcoming Fall quarter/semester. Each applicant was asked to submit an essay that described how affordable housing has impacted their life and how the scholarship funds will help them achieve their future goals. The next entry period will be from Jan. 1 – March 31, 2021, with scholarship winners announced next June.