Affordable 100 – Page 3
2024 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 (Project-based Section 8, Section 202 and Section 811), Section 42 LIHTC, HOME and CDBG funds, USDA Sections 515 and 538, 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, 2023. 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 (Sections 515 and 538) property management companies (see the link below for more details).
<1-40> <41-80> <81-120><Specialty Lists – LIHTC and RD>
| Rank | Management Company (2023 rank shown in parentheses) |
Headquarters | Total Number of Units | |
| Subsidized* | Residential** | |||
| 81. | Buckingham Property Management (82) | Clovis, CA | 8,600 | 9,200 |
| 82. ^ | Community Management Corporation (83) | Winston-Salem, NC | 8,589 | 8,629 |
| 83. ^ | SHP Management Corp. (86) | Cumberland Foreside, ME | 8,473 | 8,473 |
| 84. | Rose Community (85) | Brooklyn, NY | 8,300 | 10,200 |
| 85. | Hispanic Housing Development Corporation (90) | Chicago, IL | 8,068 | 8,068 |
| 86. | Hyder & Company (76) | San Marcos, CA | 8,019 | 8,019 |
| 87. | J & A, Inc. | Corinth, MS | 7,978 | 7,978 |
| 88. | MetroPlains Management, LLC (87) | Fargo, ND | 7,800 | 9,300 |
| 89. ^ |  |
Quincy, MA | 7,754 | 7,848 |
| 90. ^ | Burlington Capital Properties (88) | Omaha, NE | 7,700 | 10,600 |
| 90. | Cohen-Esrey Real Estate Services, LLC (88) | Overland Park, KS | 7,700 | 11,000 |
| 92. ^ | Preservation Management, Inc. (73) | South Portland, ME | 7,629 | 7,634 |
| 93. | Yarco Company, Inc. (93) | Kansas City, MO | 7,500 | 11,000 |
| 94. | California Commerical Investment Group (97) | Westlake Village, CA | 7,300 | 8,200 |
| 95. ^ | Arnold-Grounds Apartment Management & Affordable Housing Specialists, LLC (107) | Grapevine, TX | 7,290 | 7,290 |
| 96. | RPM Living (92) | Austin, TX | 7,287 | 181,567 |
| 97. | Cascade Management, Inc. (64) | Portland, OR | 7,268 | 7,395 |
| 98. ^ | LHP Management (98) | Knoxville, TN | 7,200 | 7,400 |
| 98. | PK Housing & Management (98) | Cleveland, OH | 7,200 | 13,500 |
| 100. | Greystar (100) | Charleston, SC | 7,191 | 670,000 |
| 101. ^ | Vesta Corporation (110) | Weatogue, CT | 7,017 | 7,986 |
| 102. | CAPREIT (102) | North Bethesda, MD | 7,000 | 17,000 |
| 102. | Grenadier Realty Group Corporation (102) | Brooklyn, NY | 7,000 | 7,100 |
| 102. | Midpen Housing (102) | Foster City, CA | 7,000 | 7,100 |
| 102. | Silver Tree Residential, LLC (102) | Memphis, TN | 7,000 | 8,000 |
| 106. | East Lake Management Group, Inc. (108) | Chicago, IL | 6,800 | 6,800 |
| 106. | HNN Communities (108) | Bellevue, WA | 6,800 | 7,100 |
| 108. ^ |  |
Warren, MI | 6,731 | 6,731 |
| 109. | CommonBond Communities (111) | St. Paul, MN | 6,600 | 8,300 |
| 110. | The Integral Group (111) | Atlanta, GA | 6,500 | 7,500 |
| 110. ^ | Trinity Management, LLC (96) | Boston, MA | 6,500 | 7,257 |
| 112. | Indigo Real Estate Service (117) | Seattle, WA | 6,300 | 9,800 |
| 113. | Monarch Properties, Inc. (113) | Albuquerque, NM | 6,281 | 7,631 |
| 114. ^ | Community Housing Partners (118) | Christiansburg, VA | 6,241 | 6,773 |
| 115. | GK Management Co., Inc. (119) | Culver City, CA | 6,200 | 12,300 |
| 115. | RY Management Co., Inc. (119) | New York, NY | 6,200 | 10,700 |
| 117. | Drucker + Falk | Newport News, VA | 6,111 | 39,425 |
| 118. | Thomas Safran and Associates (113) | Los Angeles, CA | 6,100 | 7,200 |
| 119. | Coast Property Management | Everett, WA | 6,000 | 25,000 |
| 119. | Columbia Residential | Atlanta, GA | 6,000 | 7,000 |
<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, 2023. 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 have been possible. In particular, sincere appreciation goes to task force chair Nathan Burnett, Watchtower Security and vice chair Jeffrey Promnitz, Zeffert & Associates, Inc.; Amber Day, TrashPro; Leo Delgado, Converged Services Inc.; Sheldon Farnes, FJ & Associates PLLC; Rue Fox, ResMan; T.J. Golson, ResMan; Tracey Gray, Watchtower Security; Tammy Hunter, Choice Property Resources; Barbara (Babbie) Jaco, CAHEC Management Inc.; Julie Klein, Watchtower Security; Mark Livanec, Yardi; Alex Marram, Yardi; Scott Nelson, RealPage Inc.; Andrew Pieplow, Watchtower Security; Scott Ployer, National Property Management Strategies Group; Andy Reithel, Lumina Partners LLC; and Mary Beth, Snyder, Yardi.
For logo sponsorship opportunities, please email Paul Walley at PWalley@naylor.com.
If you believe your company should be included in next year’s survey, please contact Jennifer Jones at jjones@nahma.org.