2017 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
(2016 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
41. Woda Management & Real Estate, LLC (61) Westerville, OH 9,972 10,129
42.^ TM Associates Rockville, MD 9,968 10,016
43. Gateway Management Company Birmingham, AL 9,511 10,777
44. Herman & Kittle Properties Indianapolis, IN 9,425 13,008
45. The Habitat Company Chicago, IL 9,412 22,007
46.^ Preservation Management South Portland, ME 9,137 9,137
47.^ Beacon Communities (59) Boston, MA 8,929 12,023
48.^ Seldin Company Omaha, NE 8,928 18,329
49. EAH Housing (54) San Rafael, CA 8,917 8,917
50. Preservation of Affordable Housing (POAH) (46) Boston, MA 8,870 8,987
51.^ Maloney Properties Wellesley, MA 8,866 9,000
52.^ The Community Builders, Inc. (40) Boston, MA 8,813 9,696
53. Yarco Company, Inc. (42) Kansas City, MO 8,759 10,162
54.^ American Apartment Management Co., Inc. (44) Knoxville, TN 8,750 9,255
55.^ Peabody Properties Braintree, MA 8,701 11,003
56. Greystar (48) Charleston, SC 8,700 415,634
57. Barker Management, Inc. (49) Anaheim, CA 8,691 9,270
58. NDC Real Estate Management, Inc. (53) Pittsburgh, PA 8,612 11,457
59.^ Capital Realty Group (106) Spring Valley, NY 8,583 8,583
60. Eden Housing Hayward, CA 8,524 8,524
61. RLJ Management Co., Inc. (57) Columbus, OH 8,456 8,688
62. J & A Inc. Corinth, MS 8,390 8,390
63.^ Community Management Corporation (47) Winston-Salem, NC 8,241 8,501
64.* Ambling Management Company (33) Greenville, SC 8,176 10,823
65.^ WRH Realty Services, Inc. (55) Jacksonville, FL 8,008 15,798
66.^ Solari Enterprises Orange, CA 7,936 7,975
67. Pennrose Management Company (56) Philadelphia, PA 7,875 8,096
68. Professional Property Management, LLC (32) Rockford, IL 7,784 7,784
69. Forest City Residential Group, Inc. (45) Cleveland, OH 7,763 39,178
70.^ Aimco (60) Denver, CO 7,758 47,100
71.^ SHP Management Corp. (58) Cumberland Foreside, ME 7,587 7,587
72. BSR Trust, LLC (63) Little Rock, AR 7,400 19,500
73.^ Community Realty Management Pleasantville, NJ 7,330 8,796
74.^ LHP Management, LLC (41) Knoxville, TN 7,265 7,265
75.^ Norwood, MA 7,158 9,502
76.^ Housing Management Resources North Quincy, MA 6,886 7,231
77.^ National Community Renaissance (69) Rancho Cucamonga, CA 6,861 7,458
78.^ Winterwood, Inc. (70) Lexington, KY 6,845 7,686
79.^ Vesta Corporation (83) Weatogue, CT 6,828 7,522
80. Residential One, LLC (75) Columbia, MD 6,808 7,480

<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, 2016. 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.; Daniel Gaddis, MultiFamily Energy Savings; Janel Ganim, Entrata; David Layfield, ApartmentSmart.com; Kris Panks, Yardi Systems; Gustavo Sapiurka, RealPage Inc.; Bill Sullivan, IPM Software; John Yang, Rental Housing Deals.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.