Affordable 100 Specialty Lists

2022 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 (Project-based Section 8, Section 202 and Section 811), Section 42 LIHTC, HOME and CDBG 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. 

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

25 Largest Housing Credit (LIHTC) Property Management Companies

Rank	Management Company	Headquarters	Housing Credit Units*
1.^	WinnCompanies	Boston, MA	45,645
2.^	FPI Management, Inc.	Folsom, CA	44,384
3.^	Dominium	Plymouth, MN	30,539
4.	The John Stewart Company	San Francisco, CA	25,122
5.	Asset Living	Houston, TX	23,001
6.	Capstone Real Estate Services, Inc.	Austin, TX	22,357
7.	KMG Prestige, Inc.	Mt Pleasant, MI	22,025
8.^	ConAm Management Corporation	San Diego, CA	19,733
9.	McCormack Baron Management, Inc.	St. Louis, MO	17,566
10.^	Mercy Housing Management Group	Denver, CO	17,179
11.^	Royal American Management, Inc.	Panama City, FL	16,119
12.^	Millennia Housing Management, Ltd.	Cleveland, OH	15,189
13.	Gateway Management Company	Birmingham, AL	14,820
14.	The Franklin Johnston Group	Virginia Beach, VA	14,692
15.	Fairfield Residential	San Diego, CA	14,578
16.	Richman Property Services, Inc.	Tampa, FL	14,000
17.	Woda Cooper Companies, Inc.	Columbus, OH	13,490
18.	Pinnacle Property Management	Addison, TX	13,377
19.	Kittle Property Group, Inc.	Indianapolis, IN	13,356
20.	Conifer Realty	Rochester, NY	13,143
21.	CAHEC Management, Inc.	Columbia, SC	12,586
22.	Allied Orion Group	Houston, TX	12,580
23.^	National Church Residences	Columbus, OH	11,879
24.	Cambridge Management, Inc.	Tacoma, WA	11,767
25.^	MMS Group	Suffern, NY	11,407

 

25 Largest Rural Development Program Property Management Companies

Rank	Management Company	Headquarters	RD Program Units*
1.	CAHEC Management, Inc.	Columbia, SC	9,382
2.	The Hallmark Companies Inc.	Atlanta, GA	9,186
3.^	The Michaels Organization	Camden, NJ	8,249
4.^	Partnership Property Management	Greensboro, NC	7,270
5.	MACO Management Co., Inc.	Malden, MO	7,049
6.^	TM Associates Management, Inc.	Rockville, MD	6,885
7.	AWI Management Corporation	Auburn, CA	4,336
8.	Landura Management Associates	Winston-Salem, NC	3,800
9.	Woda Cooper Companies, Inc.	Columbus, OH	3,641
10.	RLJ Management Co. Inc.	Columbus, OH	3,271
11.	PK Companies, LLC	Okemos, MI	3,163
12.	Viridian Management	Enterprise, OR	2,938
13.^	Royal American Management, Inc.	Panama City, FL	2,406
14.	JL Gray	Albuquerque, NM	2,207
15.	MAC Real Estate, LLC	Metairie, LA	2,128
16.	KMG Prestige, Inc.	Mt. Pleasant, MI	1,799
17.	Conifer Realty	Rochester, NY	1,608
18.^	Guardian Management LLC	Portland, OR	1,322
19.^	Community Housing Partners Corporation	Christiansburg, VA	1,160
20.^	Community Management Corporation	Winston Salem, NC	1,062
21.	Gardner Management	Kalamazoo, MI	1,032
22.^	WinnCompanies	Boston, MA	850
23.^	Coast Property Management	Everett, WA	704
24.	Monarch Properties, Inc.	Albuquerque, NM	677
25.^	Mercy Housing Management Group	Denver, CO	607

<1-40> <41-80> <81-120><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, 2021. 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 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.