AIMCO Capital Wins 15 National Grants From HUD Grants Will Be Used to Help Elderly and Disabled Apartment Residents Obtain Needed Services DENVER, Nov. 9 /PRNewswire-FirstCall/ -- Fifteen affordable apartment communities operated by AIMCO Capital will be able to hire a person to coordinate services for elderly residents and persons with disabilities under grants awarded by the U.S. Department of Housing and Urban Development (HUD). AIMCO Capital, a subsidiary of Apartment Investment and Management Company (AIMCO), is the largest publicly traded provider of affordable housing in the United States, with 453 apartment communities and 55,212 units. The grants are used by HUD to fund Service Coordinators, whose job it is to work with elderly and disabled persons living in federally-assisted multi- family housing communities. Service Coordinators arrange for the delivery of services such as assistance with eating, dressing, bathing, grooming and home management, all designed to allow residents to live independently for as long as possible. For many frail older persons and those with disabilities, independent living with assistance is a preferable, lower cost housing alternative to institutionalization. "AIMCO is committed to providing high-quality affordable housing, and Service Coordinators are one important way to help improve the quality of life for many of our older and disabled residents," said David Robertson, president of AIMCO Capital. "We are pleased that HUD has enabled us to provide this assistance at 15 of our communities." (See full grantee award listing below) AIMCO is a real estate investment trust headquartered in Denver, Colorado, owning and operating a geographically diversified portfolio of apartment communities through 21 regional operating centers. AIMCO, through its subsidiaries, operates nearly 1,550 properties, including approximately 272,000 apartment units, and serves approximately one million residents each year. AIMCO's properties are located in 47 states, the District of Columbia and Puerto Rico. AIMCO common shares are included in the S&P 500. AIMCO Grant Awardees Alliance Towers: Alliance, Ohio $182,959 Anthracite: Pittston, Pennsylvania $180,294 Baldwin Towers: Pittsburgh, Pennsylvania $184,264.88 Bannock Arms: Boise, Idaho $171,160.48 Brunswick House: Brunswick, Maryland $126,240 Community Circle II: Cleveland, Ohio $185,218 Friendship Arms: Hyattsville, Maryland $191,972 Gary Manor: Gary, Indiana $277,926 Hanover Square: Baltimore, Maryland $381,429 JFK Towers: Durham, North Carolina $178,550 Mount Clare Overlook: Baltimore, Maryland $177,266 Mulberry: Scranton, Pennsylvania $344,872 Palm Springs Senior: Palm Springs, California $191,311 Pennsylvania House: Tyrone, Pennsylvania $175,309.32 Tamarac Pines I Apartments: Woodlands, Texas $170,185 DATASOURCE: Apartment Investment and Management Company CONTACT: Judy Stowell of Apartment Investment and Management Company, +1-303-793-4621

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