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**
41.^ SPM LLC (45) Birmingham, AL 11,577 19,267
42. Woda Cooper Company Inc. (50) Columbus, OH 11,527 11,669
43.^ Rockville, MD 11,505 11,623
44. Lincoln Property Company (43) Dallas, TX 11,500 190,542
45. NDC Real Estate (44) Pittsburgh, PA 11,345 11,457
46. Wallick Communities (48) New Albany, OH 11,242 12,925
47. USA Properties Fund Inc. (46) Roseville, CA 11,026 12,000
48. POAH Communities (65) Boston, MA 10,997 11,141
49.^ Peabody Properties (59) Braintree, MA 10,741 13,295
50. Chicago, IL 10,462 21,101
51. Gateway Management Company LLC (52) Birmingham, AL 10,421 11,772
52.^ Partnership Property Management (51) Greensboro, NC 10,237 10,341
53. The Hallmark Companies Inc. (53) Atlanta, GA 10,151 12,164
54. Barker Management (54) Anaheim, CA 10,000 10,000
55.^ Winterwood Inc. (84) Lexington, KY 9,801 10,043
56. United Apartment Group (55) San Antonio, TX 9,771 36,043
57. Fairway Management Inc. (68) Columbia, MO 9,349 9,529
58. Continental Management (56) Bingham Farms, MI 9,306 9,798
59. Professional Property Management LLC (57) Rockford, IL 9,300 9,300
60. Picerne Management (58) Altamonte Springs, FL 9,205 14,476
61. Yarco Company Inc. (60) Kansas City, MO 9,178 10,229
62.^ Wingate Management (61) Newton, MA 8,989 14,500
63.^ Maloney Properties Inc. (64) Wellesley, MA 8,942 9,022
64. Community Management Corporation (70) Winston-Salem, NC 8,855 8,895
65. Eden Housing Inc. (66) Hayward, CA 8,775 8,876
66. Ambling (67) Greenville, SC 8,759 10,113
67. EAH Housing (73) San Rafael, CA 8,679 8,679
68. Auburn, CA 8,657 8,658
69.^ American Apartment Management Co. Inc. (76) Knoxville, TN 8,653 8,849
70. Elmington Property Management (71) Nashville, TN 8,493 15,126
71. J & A Inc. (72) Corinth, MS 8,390 8,390
72.^ Omaha, NE 8,384 15,503
73. National Community Renaissance (74) Rancho Cucamonga, CA 8,292 8,292
74. TRG Management Company LLC (75) Weston, FL 8,259 11,262
75. Greystone Property Management Corporation Indianapolis, IN 8,257 8,257
76. Cascade Management Inc. Tigard, OR 8,221 8,728
77.^ Preservation Management Inc. (63) South Portland, ME 8,168 8,258
78.^ SHP Management (79) Cumberland Foreside, ME 7,922 7,997
79.^ The Community Builders Inc. (69) Boston, MA 7,911 8,572
80. Rose Community Management LLC (80) 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, 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.