2018 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
(2017 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
41. Dallas, TX 11,635 18,135
42.^ Aimco (70) Denver, CO 11,619 42,599
43. Lincoln Property Company (33) Dallas, TX 11,500 184,167
44. NDC Real Estate (58) Pittsburgh, PA 11,345 11,457
45.^ SPM, LLC (39) Birmingham, AL 11,138 18,238
46. USA Properties Fund, Inc. (36) Roseville, CA 11,026 12,000
47. The Habitat Company (45) Chicago, IL 10,935 23,076
48.^ Wallick Communities (38) Reynoldsburg, OH 10,919 13,000
49.^ TM Associates Management, Inc. (42) Rockville, MD 10,827 10,875
50. Westerville, OH 10,816 11,066
51.^ Partnership Property Management (40) Greensboro, NC 10,346 10,450
52. Birmingham, AL 10,330 11,872
53. The Hallmark Companies, Inc. (37) Atlanta, GA 10,151 12,164
54. Barker Management (57) Anaheim, CA 10,000 10,000
55. United Core Management, Inc. San Antonio, TX 9,771 28,081
56. Continental Management Bingham Farms, MI 9,306 9,798
57. Professional Property Management, LLC (68) Rockford, IL 9,300 9,300
58. Picerne Management Altamonte Springs, FL 9,205 14,476
59.^ Braintree, MA 9,184 11,630
60. Yarco Company, Inc. (53) Kansas City, MO 9,178 10,312
61. Wingate Management Newton, MA 8,989 14,500
62. Pennrose (67) Philadelphia, PA 8,965 9,488
63.^ Preservation Management, Inc. (46) South Portland, ME 8,950 9,041
64.^ Maloney Properties, Inc. (51) Wellesley, MA 8,942 9,022
65. Preservation of Affordable Housing  (POAH) (50) Boston, MA 8,870 9,000
66. Eden Housing, Inc. (60) Hayward, CA 8,775 8,876
67.^ Ambling (64) Greenville, SC 8,759 10,113
68. Fairway Management, Inc. Columbia, MO 8,670 9,333
69.^ The Community Builders, Inc. (52) Boston, MA 8,664 9,628
70. Community Management Corporation (63) Winston-Salem, NC 8,661 8,661
71. Elmington Property Management Nashville, TN 8,493 15,126
72. J & A Inc. (62) Corinth, MS 8,390 8,390
73. EAH Housing (49) San Rafael, CA 8,340 8,340
74.^ National Community Renaissance (77) Rancho Cucamonga, CA 8,292 8,292
75. TRG Management Company, LLC Weston, FL 8,259 11,262
76.^ American Apartment Management Co., Inc. (54) Knoxville, TN 8,128 8,396
77.^ Solari Enterprises, Inc. (66) Orange, CA 8,102 8,102
78.^ WRH Realty Services, Inc. (65) Jacksonville, FL 8,008 15,000
79. SHP Management (71) Cumberland Foreside, ME 7,922 7,997
80. Rose Community Management, LLC Independence, OH 7,902 9,206

<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, 2017. 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 Rue Fox, ResMan Software and vice chair Julie Reynolds, Navigate Affordable Housing Partners; Evelyn Arias, RealPage Inc.; Boone Atkins, Yardi Systems; Mike Coco, Choice Property Resources Inc.; Janel Ganim, Entrata; David Layfield, ApartmentSmart.com; Gustavo Sapiurka, RealPage Inc.; Bill Sullivan, IPM Software; John Yang, RentalHousingDeals.com Inc.; and Sarah Upchurch, RealPage Inc.

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