Arlington,
Virginia (September 24, 2003) - The Arlington Partnership
for Affordable Housing (APAH) today celebrated their latest
acquisition, Columbia Grove Apartments, with a special
ceremony featuring elected officials, community leaders and
Columbia Grove residents. The event, sponsored by Citibank,
was held at Columbia Grove Apartments, 1010 South Frederick
Street in South Arlington.
Columbia Grove Apartments is the 12th property APAH has acquired
in its 14-year history. The 210 units in the complex bring the
total number of apartments in APAH's portfolio to 410.
As part
of the dedication ceremony, County Board Chairman Paul Ferguson
presented a special proclamation honoring APAH's longstanding
efforts to preserve and promote affordable housing. "The
need for decent, affordable housing affects everyone, including
teachers, young professionals, police and firefighters,"
said APAH Executive Director Douglas Peterson. "The 210
units at Columbia Grove will allow us to provide housing for
area employees while at the same time maintaining the diversity
of housing available to County residents."
"Making
life better is the foundation of the commitment we make to
communities where we do business," said Deborah Adelman,
President of the Citibanking Commercial Real Estate group.
"We are pleased to strengthen this commitment through
Citibank Community Development's support of Arlington Partnership
for Affordable Housing and its efforts that bring communities
together as part of its affordable rental housing acquisition
process. Here, at Columbia Grove, we see the fine results."
About
Citibank
Citibank is a member of Citigroup (NYSE: C), the preeminent
global financial services company with some 200 million customer
accounts in more than 100 countries that provides consumers,
corporations, governments and institutions with a broad range
of financial products and services, including consumer banking
and credit, corporate and investment banking, insurance, securities
brokerage, and asset management. Major brand names under Citigroup's
trademark red umbrella include Citibank, CitiFinancial, Primerica,
Smith Barney, Banamex, and Travelers Life and Annuity. The
Citigroup Foundation focuses its grants primarily in three
areas: building communities and entrepreneurs, financial education,
and educating the next generation. Additional information
may be found at: www.citigroup.com.
About
APAH
The Arlington Partnership for Affordable Housing is a private,
nonprofit organization founded in 1989 whose mission is to
provide safe, affordable housing to residents throughout the
County. APAH purchases and renovates apartment buildings and
rents the units to low- to middle-income individuals and families.
For more information on the Arlington Partnership for Affordable
Housing, visit us online at www.apah.org.
To schedule
an interview with Executive Director Douglas Peterson, contact
Beth Offenbacker, Waterford Public Relations, Inc., at 703/683-4815
ext. 202 or via email at boffenbacker@waterfordpr.com.
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