Pennrose is proud to release its 2025-2026 Corporate Responsibility Report. The report details how the affordable housing developer creates lasting value for residents, communities, employees, and partners through the lens of social impact, environmental responsibility, and conscious governance.

“Pennrose was founded on the mission that high-quality, affordable housing has the power to transform lives and communities,” said Timothy I. Henkel, Chief Executive Officer and Principal at Pennrose. “This vision remains at the center of everything we do. Over the past year, our team not only delivered transformative housing solutions, but positively impacted the communities we serve through volunteerism, charitable giving, and community partnership.”

Highlights from the 2025-2026 report are detailed below.

Social Impact

As a mission-driven organization, Pennrose is committed to expanding opportunity and strengthening communities through mixed-income housing, resident services, philanthropy, volunteerism, and strategic partnerships.

In 2025, Pennrose:

·         Community Impact Coordinators prevented over 720 turnovers by connecting residents with rent, utility, and housekeeping assistance.

·        Properties held 20,553 resident events, offering programming to support resident quality of life, including financial wellbeing, health and wellness, fire and fall prevention, and safety workshops.

·         Developed food resource directories across the Pennrose portfolio, helping to connect residents with local food banks and other community-based support in response to growing food insecurity. The Pennrose Foundation committed $20,000 in emergency food assistance funding to establish and stock on-site food pantries at properties in need. Together, these efforts resulted in 11,730 instances of food assistance.

·        Provided $63,000 in grants to organizations serving low-income families, seniors, individuals, and communities through the Pennrose Foundation.

·        Awarded over $56,000 in scholarships through the Pennrose Foundation Scholarship Program, a 78% increase from 2024. This includes 20 higher education scholarships for the 2025-2026 academic year, the largest scholarship class in Foundation history, and 29 summer camp scholarships.

·        Provided 4,564 children living in Pennrose communities with new backpacks filled with essential school supplies, representing a $44,472 investment in their educational success.

·        Celebrated the inaugural Pennrose Foundation Month of Service. Nearly 100 Pennrose employees from offices across the country donated over 1,100 hours of volunteer time to 12 nonprofit organizations.

·         Raised $750,000 for the Pennrose Foundation through the 20 Years in Brewerytown event.

Sustainability & Resiliency 

Pennrose’s approach to environmental sustainability is comprehensive and value-driven. Through thoughtful design and long-term stewardship, the organization works to reduce environmental impact, improve operational performance, and strengthen community resilience.

 In 2025 Pennrose:

·        Generated over 10,655,000 kWh of electricity through solar panels at Pennrose properties. This amount of electricity could power about 1,055 average U.S. homes for a year.

·         Consumed only 50% of the industry average amount of water, measured in standard gallons per bedroom per day. This amounts to more than 108 million gallons conserved over the industry average.

·        Participated in several leading sustainability events to share best practices and learn from industry peers, including the Hunt Sustainability Summit and the Annual Green Building United Sustainability Symposium.

·         Mobilized employees around the country to clean up areas surrounding its affordable housing communities in celebration of Earth Day.

Whether through rooftop solar, smart water technologies, energy-efficient design, or improved indoor environment quality, Pennrose teams are focused on delivering homes that are both environmentally responsible and comfortable places to live.

Conscious Governance

Pennrose is committed to operating with integrity, transparency, accountability, and responsible business practices while supporting the long-term success of its residents, partners, employees, and communities.

·        In 2025, Pennrose established the Corporate Responsibility & Operations Associate role to lead corporate community engagement initiatives; advance environmental, social, and governance priorities; and support the integration of corporate responsibility across the organization.All Pennrose employees are required to complete annual trainings on Fair Housing and adhere to the Pennrose Code of Conduct to ensure both workplaces and properties are safe spaces where all individuals feel welcome and valued.

·        At Golden Hill in Ulster County, New York, the Pennrose development team awarded $10.8 million in contracts to Minority- and Women-Owned Business Enterprise (MWBE) and Service-Disabled Veteran-Owned (SDVOB) firms, exceeding participation goals across all categories by over $4 million.

·        In 2026, Pennrose launched Pathways to Leadership, a 10-month career development program designed to prepare Assistant Property Managers for the transition into Property Manager roles. The inaugural cohort includes eight Assistant Property Managers.

·         Every year, throughout the planning and design process of all developments, Pennrose teams dedicate significant time to meeting with residents, neighborhood organizations, elected officials, community stakeholders, and local advocates. This important community feedback directly influences development outcomes.

Pennrose operates across 25 states and U.S. territories, serving individuals, families, and seniors across more than 260 properties. Over 88% of the organization’s residents have incomes at or below 60% of the Area Median Income (AMI) in their respective locations, with nearly 17% earning under 30% of the AMI, which is considered extremely low income.

To view the full report, please visit https://www.pennrose.com/corporate-responsibility/.