2020 NAHMA Affordable 100 Specialty Lists

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>

25 Largest Housing Credit (LIHTC) Property Management Companies

Rank Management Company Headquarters Housing Credit Units*
1. FPI Management Inc. Folsom, CA 41,721
2.^ Boston, MA 38,906
3.^ Dominium Plymouth, MN 30,771
4. The John Stewart Company San Francisco, CA 23,089
5.^ Envolve Communities LLC (fka LEDIC Realty Company LLC) Memphis, TN 22,986
6.^ Camden, NJ 22,341
7. Capstone Real Estate Services Inc. Austin, TX 20,955
8. Dallas, TX 20,486
9. McCormack Barorn Management Inc. St. Louis, MO 17,566
10.^ ConAm Management Corporation San Diego, CA 17,509
11. KMG Prestige Inc. Mt. Pleasant, MI 15,769
12. Cambridge Management Inc. Tacoma, WA 15,740
13.^ Mercy Housing Management Group Denver, CO 15,176
14. Pinnacle Property Management Addison, TX 13,377
15.^ Millennia Housing Management Ltd. Cleveland, OH 13,238
16.^ Gaithersburg, MD 13,015
17. Birmingham, AL 12,800
18.^ Royal American Management Panama City, FL 12,418
19. Conifer Realty LLC Rochester, NY 12,216
20. Columbia, SC 11,785
21.^ National Church Residences Columbus, OH 11,363
22. Woda Cooper Companies Inc. Columbus, OH 11,362
23. USA Properties Fund Inc. Roseville, CA 10,466
24. Preservation of Affordable Housing (POAH) Boston, MA 9,926
25.^ Reliant Realty Services LLC New York, NY 9,740

25 Largest Rural Development Program Property Management Companies

Rank Management Company Headquarters RD Program Units*
1. Columbia, SC 9,471
2. The Hallmark Companies Inc. Atlanta, GA 8,614
3. Maco Management Co. Inc. Malden, MO 8,458
4.^ Partnership Property Management Greensboro, NC 7,384
5.^ Rockville, MD 6,844
6. Woda Cooper Companies Inc. Columbus, OH 6,749
7.^ Camden, NJ 5,075
8.^ Landura Management Associates Winston-Salem, NC 4,098
9. RLJ Management Co. Inc. Columbus, OH 2,670
10. Viridian Management Enterprise, OR 2,559
11. MAC Real Estate LLC Metairie, LA 2,166
12.^ Royal American Management Panama City, FL 2,095
13. Conifer Realty LLC Rochester, NY 1,609
14.^ Community Housing Partners Corporation Christiansburg, VA 1,160
15. Community Management Corporation Winston-Salem, NC 1,062
16. Gardner Management Kalamazoo, MI 1,032
17.^ Mercy Housing Management Group Denver, CO 906
18.^ Boston, MA 671
19.^ Beacon Communities Boston, MA 522
20.^ Millennia Housing Management Ltd. Cleveland, OH 504
21.^ Intermark Management Columbia, SC 500
22. Birmingham, AL 450
23. FPI Management Inc. Folsom, CA 364
24. Eugene Burger Management Corporation Rohnert Park, CA 341
25.^ Westminster Company Greensboro, NC 216


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

^ A NAHMA Communities of Quality National Recognition Program Participant

* 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. 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.

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.; Dori Garmeiser, Hessel Aluise & O’Leary PC; Mike Jhagree, 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.