2022 NAHMA Affordable 100

How many housing units receive at least one form of federal subsidy in the United States today? The annual NAHMA Affordable 100 list provides this important data!

The NAHMA Affordable 100 comprises the largest affordable multifamily property management companies, ranked by affordable unit counts. The NAHMA Affordable 100 list contributes vital data to the ongoing national dialogue on the future of federal funding for affordable housing. In an effort to accurately determine the portfolio of affordable units receiving federal subsidy in the United States, NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies: HUD Project-based Assistance, Section 42 LIHTC, HOME funds, USDA Section 515, or Bonds.

Companies in bold provided data for NAHMA’s Affordable 100 survey. All others are based on industry estimates. ** All unit data represent only units directly managed (not owned) that were rented or available to rent on Dec. 31, 2021. Down units, abated units, units under construction or rehabbing units not available for rent are not included.

NAHMA also presents two specialty lists – the 25 largest housing credit (LIHTC) property management companies, and the 25 largest Rural Development program property management companies (see the link below for more details). 

<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>

Rank Management Company
(2021 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
41.^ TM Associates Management, Inc. (39) Rockville, MD 12,535 13,969
42. Hayes Gibson Property Services (44) Bloomington, IN 12,500 15,000
43.^ Wallick Communities (42) Columbus, OH 12,357 12,429
44.^ Beacon Communities (43) Boston, MA 12,309 17,506
45.^ POAH Communities (36) Boston, MA 12,308 12,762
46. Independent Management Services (33) Fenton, MI 12,000 12,200
46. McCormack Baron Management, Inc. (20) St. Louis, MO 12,000 15,400
48.^ Seldin Company (58)* Omaha, NE 11,655 20,815
49. Peak Living (103) Pleasant Grove, UT 11,600 23,000
49.^ Reliant Realty Services, LLC (64) New York, NY 11,600 14,000
51. Lincoln Property Company (49) Dallas, TX 11,500 191,669
51. UAH Property Management aka Mayfair Management Group (46) Dallas, TX 11,500 12,226
53. NDC Asset Management (52) Pittsburgh, PA 11,345 11,457
54.^ Partnership Property Management (53) Greensboro, NC 11,152 11,300
55. Wilhoit Properties (41) Springfield, MO 11,100 12,100
56.^ SPM, LLC (51) Birmingham, AL 10,904 19,538
57.^ Peabody Properties, Inc. (55) Braintree, MA 10,852 14,636
58. Picerne Real Estate Group (71) Phoenix, AZ 10,600 25,000
59.^ Coast Property Management Everett, WA 10,449 19,962
60. USA Multifamily Management, Inc. (57) Roseville, CA 10,263 10,690
61.^ Pleasantville, NJ 10,111 10,265
62.^ Preservation Management, Inc. (60) South Portland, ME 10,041 10,164
63. Enterprise Residential, LLC (61) Baltimore, MD 10,026 10,026
64. Cascade Management, Inc. (99) Portland, OR 10,000 11,000
64. Eden Housing (79) Hayward, CA 10,000 10,000
66.^ Maloney Properties, Inc. (72) Wellesley, MA 9,874 10,120
67. Pennrose (67) Philadelphia, PA 9,754 10,769
68. EAH Housing (50) San Rafael, CA 9,500 13,500
68. Pedcor Management Corporation (34) Carmel, IN 9,500 17,300
70. Continental Management (70) Bingham Farms, MI  9,306 9,798
71.^ National Community Renaissance (84) Rancho Cucamonga, CA 9,144 9,766
72.^ InterMark Management Corporation (80) Columbia, SC 9,021 10,399
73. Barker Management, Inc. (62) Anaheim, CA 9,000 10,000
74.^ Community Management Corporation (77) Winston Salem, NC 8,840 8,880
75.^ SHP Management Corp. (54) Cumberland Foreside, ME 8,771 8,771
76.^ The Community Builders, Inc. (78) Boston, MA 8,714 9,612
77.^ Vesta Corporation (73) Weatogue, CT 8,672 9,336
78. AWI Management Corporation (83) Auburn, CA 8,645 8,665
79.^ Solari Enterprises, Inc. (88) Orange, CA 8,572 8,572
80. RLJ Management Co., Inc. (89) Columbus, OH 8,547 8,547


<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>

^ A NAHMA Communities of Quality National Recognition Program Participant

* and ** All unit data represent only units directly managed (not owned) that were rented or available to rent on Dec. 31, 2021. Down units, abated units, units under construction or rehabbing units not available for rent are not included.

* Total affordable units managed. Federal programs only, including HUD, LIHTC, USDA, HOME and Bond programs. Data do not include state or local subsidy, public housing, tenant-based vouchers (Section 8 or RD tenant-protection vouchers), or federal mortgage insurance or loan guarantee programs. If a unit has more than one subsidy, it is counted only once.

** Total residential units managed (including market or affordable).

NAHMA would like to extend its sincere thanks to the NAHMA Affordable 100 Task Force, without whose hard work and support this survey would not be possible. In particular, sincere appreciation goes to task force chair Amber Day, TrashPro and vice chair Nathan Burnett, Watchtower Security Inc.; Guthrie Alberts, Paysafe; Joseph Anderson, The Buckner Company; Andrew Boyle, New Hampshire Housing Finance Authority; Mike Coco, Choice Property Resources Inc.; Leo Delgado, Converged Services Inc.; Rue Fox, ResMan; Janel Ganim, ResMan; Eddie Garrett, McGriff Insurance; Tracey Gray, Watchtower Security; Jenny Hidalgo, Omnia Partners; Babbie Jaco, CAHEC Management; Jennifer Kelly, MRI Software; Mark Livanec, Yardi Systems; Carlita Mendez, CMS; Scott Nelson, RealPage Inc.; Andrew Pieplow, Watchtower Security; Scott Ployer, National Property Management Strategies Group LLC; Greg Proctor, Lumina Partners LLC; Jeffrey Promnitz, Zeffert & Associates Inc.; Scott Scharlach, Columbus Metropolitan Housing Authority; Christopher Voss, Yardi Systems; and John Yang, RentalHousingDeals.com Inc.

If you believe your company should be included in next year’s survey, please contact Jennifer Jones, jjones@nahma.org.