2020 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.

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). The specialty lists include only companies that provided data for NAHMA’s Affordable 100 survey, and does not include industry estimates.

<1-40> <41-80> <81-120> <121-140> <Specialty Lists – LIHTC and RD>

Rank Management Company
(2019 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
121.^ Schochet Companies Braintree, MA 4,113 4,960
122. Key Management Company Wichita, KS 4,098 6,751
123. Reliant Group (87) San Francisco, CA 4,000 11,615
124.^ Landura Management Associates Winston-Salem, NC 3,912 4,212
125. MAC Real Estate LLC Metairie, LA 3,751 3,751
126.^ TELACU Residential Management Commerce, CA 3,421 3,471
127. Grady Management Inc. Silver Spring, MD 3,345 12,230
128. Eugene Burger Management Corporation Rohnert Park, CA 3,267 4,237
129. Corcoran Jennison Management LLC Boston, MA 3,091 5,213
130. WRH Realty Services Jacksonville, FL 3,057 10,072
131.^ Radiant Property Management Newark, NJ 2,700 3,000
132.^ First Realty Management Corp. Boston, MA 2,644 4,089
133. Essex Management Company Newark, NJ 2,500 3,000
134. Indianapolis, IN 2,361 13,060
135.^ W. Columbia, SC 2,288 4,262
136.^ Wesley Housing Corporation of Memphis Inc. d.b.a. Wesley Living Cordova, TN 2,024 2,096
137. Steadfast Companies (100) Irvine, CA 2,000 27,731
138.^ Federation Housing Inc. Philadelphia, PA 1,262 1,262
139. Apartment Investment and Management Company Denver, CO 1,088 32,839
140. Gardner Management Kalamazoo, MI 1,062 1,355

<1-40> <41-80> <81-120> <121-140> <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, 2019. 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 Mike Coco, Choice Property Resources Inc. and vice chair Amber Day, TrashPro; Evelyn Arias, RealPage Inc.; Boone Atkins, Yardi; John Broderick, US Housing Consultants; Eric Cole, Converged Services Inc.; Rue Fox, ResMan; Janel Ganim, ResMan; Dori Garmeiser, Hessel Aluise & O’Leary PC; Mike Jhagroo, Converged Services Inc.; Jennifer Kelly, MRI Software; Greg Proctor, RealPage Inc.; Jeffrey Promnitz, Zeffert & Associates, Inc.; 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.