2019 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.

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
(2018 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
1.^ WinnCompanies (1) Boston, MA 52,059 101,887
2. Folsom, CA 44,887 112,172
3.^ Marlton, NJ 44,623 54,295
4. Related Companies (8) New York, NY 40,000 80,000
5. St. Louis, MO 29,513 30,226
6.^ Plymouth, MN 28,479 33,259
7. The John Stewart Company (7) San Francisco, CA 28,035 31,231
8.^ LEDIC Realty Company LLC (5) Memphis, TN 26,773 35,278
9. Gaithersburg, MD 25,359 31,168
10. KMG Prestige Inc. (14) Mt. Pleasant, MI 24,489 27,900
11.^ Millennia Housing Management Ltd. (10) Cleveland, OH 23,827 27,099
12.^ Mercy Housing Management Group (12) Denver, CO 23,262 23,485
13.^ National Church Residences (13) Columbus, OH 21,393 21,984
14. Austin, TX 20,931 35,729
15. Suffern, NY 19,549 38,193
16. Pinnacle (4) Addison, TX 19,429 147,930
17.^ Volunteers of America (17) Alexandria, VA 19,307 19,307
18.^ ConAm Management Corporation (18) San Diego, CA 18,939 52,786
19. Dallas, TX 18,800 23,344
20.^ Royal American Management (19) Panama City, FL 17,698 19,450
21. Allied Orion Group (27) Houston, TX 14,833 22,669
22. The NRP Group (29) Cleveland, OH 14,779 20,747
23. Richman Property Services Inc. (22) Tampa, FL 14,615 18,391
24. Grenadier Realty Group Corporation (23) Brooklyn, NY 14,581 17,523
25. Retirement Housing Foundation (24) Long Beach, CA 14,179 18,088
26. Tacoma, WA 14,074 14,511
27. The Cornerstone Group (26) Hollywood, FL 13,607 13,786
28.^ Capital Realty Group (34) Spring Valley, NY 13,548 13,548
29. Herman & Kittle Properties Inc. (40) Indianapolis, IN 13,501 15,101
30. Pedcor Management Corporation (28) Carmel, IN 13,275 16,745
31. Rochester, NY 13,045 15,099
32. Indianapolis, IN 12,836 19,542
33. Columbia, SC 12,803 12,971
34. Reliant Realty Services LLC (31) New York, NY 12,738 12,738
35. Wilhoit Properties (35) Springfield, MO 12,146 12,930
36. Good Harbor Management LLC (36) Denver, CO 12,117 12,117
37. Independent Management Services (39) Fenton, MI 11,758 11,758
38. Maco Management Co. Inc. (38) Malden, MO 11,753 11,845
39. UAH-Mayfair Management Group (41) Dallas, TX 11,635 18,135
40.^ Beacon Communities (30) Boston, MA 11,628 16,375

<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. 1, 2018. 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; Boone Atkins, Yardi; Andrea Ford, Quadel Consulting & Training LLC; Rue Fox, ResMan Software; Janel Ganim, RightSource Compliance; Jennifer Kelly, IPM Software an MRI Software Company; Gustavo Sapiurka, RealPage; Sarah Upchurch, RealPage; and John Yang, RentalHousingDeals.com.

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