The affordable housing property management industry focuses on managing residential properties that are economically accessible to low and moderate-income residents. Companies in this sector work diligently to ensure compliance with various government housing programs, including HUD and LIHTC. They offer a range of services, from tenant support and lease management to community engagement and property maintenance. With the rising need for affordable living spaces, particularly in urban areas, the industry is exploring innovative approaches, integrating technology to streamline operations and enhance tenant relations, ultimately aiming to improve living conditions across municipalities.


This list includes 23 notable affordable housing property management companies. They differ significantly in size—ranging from small teams to large firms—headquartered mainly in the United States and Canada. Founded from 1924 through 2012, these companies specialize in various sectors, such as military housing and tax-credit-supported rentals. Major players include Asset Living and Winn Management, which actively enhance resident experience while advocating for sustainable community initiatives.


Continue reading to discover the top affordable housing property management companies.


Top 23 Affordable Housing Property Management Companies


1. Asset Living

  • Website: assetliving.com
  • Ownership type: Private Equity
  • Headquarters: Houston, Texas, United States (USA)
  • Employee distribution: United States (USA) 99%
  • Latest funding: January 2018
  • Founded year: 1986
  • Headcount: 5001-10000
  • LinkedIn: asset-living

Asset Living, founded in 1986 and headquartered in Houston, Texas, is a property management firm that specializes in managing multi-family, student, affordable, and active adult housing. With a workforce of over 8,500 employees across more than 40 states, the company manages approximately 285,000 units nationwide. Asset Living prides itself on its client-centric approach, providing tailored management solutions that prioritize effective operations and community engagement. The firm has made significant strides in the affordable housing sector, as reflected in its ranking on the National Affordable Housing Management Association’s Affordable 100 List. Their strategic acquisitions, including Alpha Barnes, have expanded their footprint in affordable housing, demonstrating their commitment to this vital segment of the real estate market. Asset Living's mission emphasizes the belief that everyone deserves a place to call home, which resonates with their operational focus and community initiatives.


2. FPI Management

  • Website: fpimgt.com
  • Ownership type: Private
  • Headquarters: Folsom, California, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1968
  • Headcount: 1001-5000
  • LinkedIn: fpi-management-inc-

FPI Management, based in Folsom, California, is a private property management firm that has been operational since 1968. With a workforce of approximately 2,467 employees, the company specializes in managing residential properties, including both market rate and affordable housing. FPI Management oversees a portfolio of over 165,000 units across 23 states, with a notable focus on affordable housing, managing around 74,179 units in this category. Their services extend to institutional investors, real estate firms, and government agencies, emphasizing their capability to maximize property value while ensuring compliance with various regulations. FPI Management has a strong track record in managing properties financed through programs like LIHTC and HUD, showcasing their expertise in navigating the complexities of affordable housing management.


3. Winn Management

  • Website: winncompanies.com
  • Ownership type: Private
  • Headquarters: Cambridge, Massachusetts, United States (USA)
  • Founded year: 1971
  • Headcount: 51-200
  • LinkedIn: winn-management

Winn Management, part of WinnCompanies, is a property management and real estate development firm based in Cambridge, Massachusetts. Established in 1971, the company specializes in affordable housing and military housing services. With a portfolio that includes over 125 communities, WinnManagement is dedicated to enhancing the quality of life for residents, particularly low-income families and military personnel. Their operations span across various states, providing essential housing solutions and community development initiatives. The company is also known for its commitment to sustainability and social impact, as evidenced by their Connected Communities Foundation, which partners with service providers to connect families with vital programs. WinnManagement employs around 4,000 team members, reflecting its significant presence in the industry.


4. The Michaels Organization

  • Website: tmo.com
  • Ownership type: Private
  • Headquarters: Camden, New Jersey, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: Other (Grant), $4.0M, August 2023
  • Founded year: 1973
  • Headcount: 1001-5000
  • LinkedIn: the-michaels-organization

The Michaels Organization, based in Camden, New Jersey, is a private real estate development and management firm that specializes in affordable housing solutions. Established in 1973, the company has grown to manage a substantial portfolio that includes over 600 rental communities across 39 states, the District of Columbia, and the U.S. Virgin Islands. Their mission is centered on creating communities that uplift residents' lives, focusing on quality living environments. The organization operates in various sectors, including affordable, student, and military housing, showcasing their adaptability to different market demands. They also provide property management and investment services, ensuring that their communities thrive. In 2023, The Michaels Organization secured $4 million in funding, which underscores their ongoing commitment to enhancing their housing offerings and community impact. Their educational foundation, established in 1991, further reflects their dedication to supporting residents through scholarships and social services, reinforcing their role as a community-oriented organization.


5. Preservation Management, Inc.


Preservation Management, Inc. (PMI) is a property management firm based in South Portland, Maine, specializing in affordable housing. Established in 1990, PMI has built a robust portfolio that includes 95 properties and over 7,700 units across 17 states. The company prides itself on delivering comprehensive management services that focus on creating sustainable communities. Their approach includes not only property management but also resident services, which aim to enhance the quality of life for residents. PMI is dedicated to fair housing practices and actively engages with community organizations to support residents in need. Their commitment to professionalism, accountability, and communication underpins their operations, ensuring that both residents and property owners receive exceptional service. PMI's involvement in the affordable housing sector is marked by a strong emphasis on compliance and community engagement, making them a significant player in this industry.


6. Red Oak Management Co., Inc.

  • Website: redoakmanagement.com
  • Ownership type: Private
  • Headquarters: Cedar Springs, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1984
  • Headcount: 11-50
  • LinkedIn: red-oak-management

Red Oak Management Co., Inc. is a property management firm based in Cedar Springs, Michigan, specializing in affordable housing. Since its inception in 1984, the company has grown from local roots to manage a portfolio of over 50 properties and 1,300 units. Their offerings include a range of affordable housing options, such as Rural Development (RD), Senior, HUD, and Low-Income Housing Tax Credit (LIHTC) properties. Red Oak Management prides itself on its commitment to quality housing and community development. The company is a founding member of the Michigan Rural Housing Council, reflecting its active role in advocating for accessible housing solutions. With a team that boasts over 150 years of combined experience, Red Oak Management focuses on operational excellence and compliance, ensuring that the properties they manage meet the needs of residents while adhering to industry standards.


7. Ipm

  • Website: ipmco.com
  • Ownership type: Private
  • Headquarters: Portland, Oregon, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1974
  • Headcount: 201-500
  • LinkedIn: ipm-co-

Income Property Management Co. (Ipm) is a property management firm based in Portland, Oregon, specializing in both residential and commercial properties. Founded in 1974, the company has built a reputation for effectively managing properties to maximize investment returns for owners and investors. Ipm focuses on affordable housing, managing over 80 affordable and subsidized properties, and has extensive experience with programs such as Low Income Housing Tax Credit (LIHTC), Housing and Urban Development (HUD), and Project-Based Section 8. The company prides itself on its in-house Compliance Department, which ensures that all properties meet local, state, and federal regulations. Ipm is also actively involved in the community, supporting various local organizations and initiatives aimed at enhancing the lives of residents in their properties. Their commitment to affordable housing is further demonstrated through their partnerships with minority-owned and women-owned businesses, promoting inclusivity and economic growth in the local area.


8. Cascade Management, Inc.

  • Website: cascade-management.com
  • Ownership type: Private
  • Headquarters: Tigard, Oregon, United States (USA)
  • Employee distribution: United States (USA) 98%, India 2%
  • Founded year: 1974
  • Headcount: 201-500
  • LinkedIn: cascade-management-inc-

Cascade Management, Inc. is a property management firm based in Tigard, Oregon, specializing in real estate services across Oregon and Washington. Established in 1974, the company has built a reputation for managing a significant portfolio of affordable housing. With over 185 properties under management, they focus on providing safe and affordable living options for low and moderate-income residents. Their services extend beyond property management to include asset preservation, marketing, and consulting, ensuring that both property owners and residents receive comprehensive support. Cascade Management is dedicated to maintaining high standards of service and resident satisfaction, which is reflected in their long-term relationships with property owners and their commitment to employee development. The company has not reported any funding, indicating a stable operational model based on its extensive experience in the industry.


9. Beacon Communities LLC


Beacon Communities LLC is a privately owned real estate development and property management firm based in Boston, Massachusetts. Established in 1968, the company specializes in multifamily housing, with a particular emphasis on affordable and mixed-income properties. They manage around 19,000 apartments across more than 160 locations nationwide. Beacon Communities is dedicated to enhancing the quality of life for residents through innovative service programs and community engagement initiatives. Their operations include the development of new properties, the rehabilitation of existing ones, and the management of a variety of housing types, including senior living and public housing conversions. The firm prides itself on its ability to tackle complex projects and its commitment to sustainability, often pursuing green building certifications for its developments. With a team of over 800 professionals, Beacon Communities aims to create healthy, vibrant communities that positively impact the lives of residents and contribute to the vitality of the neighborhoods they serve.


10. Homestead Land Holdings Limited


Homestead Land Holdings Limited, established in 1954 and based in Kingston, Ontario, is a property management company that specializes in rental apartments throughout Ontario. The company manages over 26,000 apartments across 20 cities, including major urban centers like Toronto, Ottawa, and Hamilton. Homestead is dedicated to offering affordable housing solutions for individuals and families, ensuring that residents have access to secure living environments. Their operational philosophy centers on providing a standard of care that reflects their values, treating residents with the same respect and consideration as family members. This commitment to quality service has positioned them as a significant player in the affordable housing market in Ontario.


11. Edgewood Management


Edgewood Management, based in Gaithersburg, Maryland, has been a significant player in the affordable housing sector since its inception in 1971. The company specializes in property management and community development, with a mission to create vibrant and inclusive living environments for individuals and families seeking economically accessible housing. With a workforce of approximately 313 employees, Edgewood manages over 190 properties across 11 states, demonstrating its extensive reach and operational capacity. The company has been recognized for its excellence in property management, receiving numerous awards from organizations like the National Affordable Housing Management Association (NAHMA) and the National Multifamily Housing Council (NMHC). Their commitment to improving the lives of residents is evident in their focus on community engagement and development initiatives, which aim to enhance the quality of life for those they serve.


12. Beach Front Property Management, Inc.


Beach Front Property Management, Inc. is a property management firm based in Long Beach, California, specializing in multifamily and commercial properties. Established in 1999, the company has built a reputation for its comprehensive management services, particularly in the affordable housing sector. They manage a range of properties, including tax-credit, low-income, and HUD housing, demonstrating their commitment to providing safe and affordable living options. The firm employs a team of experienced professionals who focus on enhancing property value and ensuring tenant satisfaction. Their services extend beyond traditional property management to include construction management and utility management, which are vital for maintaining the quality and affordability of housing. Beach Front Property Management prides itself on its customer-centric approach, aiming to alleviate the burdens of property ownership while maximizing returns for investors. They have not reported any funding, indicating a stable operational model based on their service offerings and client relationships.


13. Reliant Realty Services LLC

  • Website: reliantrs.com
  • Ownership type: Private
  • Headquarters: New York, New York, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2007
  • Headcount: 501-1000
  • LinkedIn: reliant-realty-services-llc

Reliant Realty Services LLC is a property management company based in New York, specializing in affordable housing. Established in 2007, the company operates across several states, including Ohio, Massachusetts, Texas, and New York, managing a substantial portfolio of residential properties. Reliant Realty is dedicated to ensuring compliance and maintenance for both tenants and property owners. Their services extend beyond basic property management to include legal, accounting, and security support, catering to the unique needs of individuals seeking affordable housing. With a team of approximately 700 professionals, Reliant Realty is committed to maintaining high standards of safety and compliance, conducting regular audits and inspections to ensure the well-being of their communities. Their focus on building strong neighborhoods and providing safe, comfortable homes underscores their role in the affordable housing sector.


14. Hyder and Company

  • Website: hyderco.com
  • Ownership type: Private
  • Headquarters: San Marcos, California, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1973
  • Headcount: 201-500
  • LinkedIn: hyder-and-company

Hyder and Company, also known as Hyder Property Management Professionals, is a private property management firm based in San Marcos, California. Founded in 1973, the company has built a solid reputation in the affordable housing sector. They manage a portfolio of over 120 properties, serving approximately 8,000 residential units and 17,000 residents across California. Hyder specializes in various federal and state housing programs, including HUD, USDA, and California Tax Credit Allocation Committee initiatives. Their services range from building management and maintenance to risk management and accounting, tailored specifically for affordable housing. The company prides itself on its knowledgeable staff, who are dedicated to optimizing operations and ensuring compliance with housing regulations. Hyder's commitment to fostering safe and active communities is evident in their mission and operational practices.


15. ACC Management Group, Inc.

  • Website: accmanagementgroup.com
  • Ownership type: Private
  • Headquarters: Oshkosh, Wisconsin, United States (USA)
  • Employee distribution: United States (USA) 97%, Argentina 3%
  • Founded year: 1975
  • Headcount: 201-500
  • LinkedIn: acc-management-group-inc

ACC Management Group, Inc. is a property management firm based in Oshkosh, Wisconsin, with a focus on market-rate and affordable housing. Founded in 1975, the company has built a reputation for managing thousands of apartments across Wisconsin and Illinois. Their services cater to both residents seeking housing and property owners requiring management solutions. ACC Management Group is well-versed in various state and federal housing programs, including Section 42 Tax Credit, Section 8, RAD, and Section 515. Their commitment to compliance and customer service is evident in their operational practices, ensuring a reliable living experience for tenants. The company prides itself on fostering long-term relationships with residents and partners, underpinned by values such as teamwork, accountability, and open communication. With a leadership team boasting over 100 years of combined experience in affordable housing management, ACC Management Group is equipped to navigate the complexities of property management while maintaining high standards of service.


16. Odin Properties

  • Website: odinproperties.com
  • Ownership type: Private
  • Headquarters: Philadelphia, Pennsylvania, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2009
  • Headcount: 51-200
  • LinkedIn: odin-properties

Odin Properties LLC, founded in 2009 and based in Philadelphia, Pennsylvania, specializes in property management and development with a strong emphasis on affordable housing solutions. The company manages a variety of residential properties across multiple states, catering to both individuals looking for rental options and investors interested in real estate opportunities. With a workforce of 100 employees, Odin Properties is actively engaged in enhancing the quality of life in the communities they serve. Their non-profit affiliate, Odin Forward, focuses on charitable investments aimed at reducing inequality, particularly in inner-city areas, by supporting educational initiatives and workforce housing. This dual approach of managing properties while also investing in community development underscores their commitment to affordable housing and social responsibility.


17. H&R Property Management Ltd.

  • Website: hrpm.ca
  • Ownership type: Private
  • Headquarters: Toronto, Ontario, Canada
  • Employee distribution: Canada 100%
  • Founded year: 2011
  • Headcount: 51-200
  • LinkedIn: h%26r-property-management-ltd.

H&R Property Management Ltd. is a private property management company based in Toronto, Ontario, specializing in apartment rentals throughout the Greater Toronto Area. Founded in 2011, the company has roots that trace back to the 1950s, showcasing a long-standing commitment to the rental industry. H&R manages a portfolio of over 5,000 rental units, with a focus on providing affordable housing solutions for individuals and families. Their services include property management, maintenance, and online rent payment options, ensuring a seamless experience for residents. The company prides itself on maintaining high standards in its properties, with a dedicated management team that emphasizes resident satisfaction. H&R is also involved in the construction of new rental units, reflecting their proactive approach to addressing the housing needs of the community. With locations in Scarborough, North York, Toronto, Etobicoke, and Mississauga, H&R Property Management continues to play a significant role in the affordable housing market.


18. Continental Management LLC

  • Website: continentalmgt.com
  • Ownership type: Private
  • Headquarters: Bingham Farms, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2003
  • Headcount: 201-500
  • LinkedIn: continental-management-llc

Continental Management LLC, based in Bingham Farms, Michigan, specializes in affordable housing property management. Established in 2003, the company has grown to manage over 100 properties in Michigan and Indiana. With a team that boasts over 100 years of combined experience in the affordable housing industry, Continental Management is dedicated to enhancing living environments for residents. Their mission centers on providing quality service while fostering community growth and creating job opportunities. The company employs local vendors for construction and renovations, reinforcing their commitment to the communities they serve. Their in-house expertise spans various areas, including legal services, accounting, and compliance, which allows them to maintain high standards of service and operational efficiency. Continental Management is also recognized for its efforts in ensuring compliance with state and federal housing regulations, further establishing its credibility in the affordable housing sector.


19. The Solomon Organization

  • Website: solomonorg.com
  • Ownership type: Private
  • Headquarters: Summit, New Jersey, United States (USA)
  • Employee distribution: United States (USA) 99%, Other 1%
  • Founded year: 1977
  • Headcount: 501-1000
  • LinkedIn: solomon-organization

The Solomon Organization, LLC, based in Summit, New Jersey, is a property management firm that specializes in rental communities across multiple states. Founded in 1977, the company has developed a strong portfolio, managing over 60 properties and approximately 21,000 residential units. Their mission centers on providing affordable housing options while enhancing the living experiences of their residents. The organization prides itself on quality maintenance and responsive resident services, ensuring that the needs of their tenants are met promptly. With a dedicated team and a long-term commitment to the communities they serve, The Solomon Organization has established itself as a significant player in the affordable housing sector.


20. Dolphin Property Services LLC

  • Website: dolphinps.com
  • Ownership type: Private
  • Headquarters: Yonkers, New York, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2011
  • Headcount: 51-200
  • LinkedIn: dolphin-property-services-llc

Dolphin Property Services LLC, established in 2011 by Peter Murray, is a property management firm based in Yonkers, New York. The company specializes in affordable housing solutions throughout the New York metropolitan area. With a portfolio that includes over 5,000 apartments and 18 LIHTC/HUD affordable properties, Dolphin is dedicated to enhancing the quality of life for its residents. Their services range from tenant support and regulatory compliance to the implementation of online management tools that streamline communication and service requests. Dolphin's approach emphasizes community engagement and tenant satisfaction, ensuring that residents feel supported and valued. The company has built strong relationships with key housing agencies, which aids in navigating the complexities of affordable housing regulations. This commitment to quality and community impact underscores Dolphin's role in the affordable housing sector.


21. MGM Property Management, L.L.C.

  • Website: mgmpmi.com
  • Ownership type: Private
  • Headquarters: Merrillville, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2008
  • Headcount: 51-200
  • LinkedIn: mgm-property-management-l.l.c.

MGM Property Management, L.L.C. is a private property management firm founded in 2008 and based in Merrillville, Indiana. The company specializes in managing residential rental properties across multiple states, including Indiana, Michigan, Illinois, Arkansas, and Louisiana. MGM offers a range of services, including property management, acquisitions, and asset management. They cater to both residents seeking affordable housing and investors looking for property management solutions. With a workforce of approximately 37 employees, MGM is committed to providing high-quality living environments at competitive prices. Their portfolio includes various apartment communities, and they actively seek to expand their holdings in the multi-family rental market. The firm has not reported any funding, indicating a self-sustaining operational model.


22. degewo AG

  • Website: degewo.de
  • Ownership type: Private
  • Headquarters: Berlin, Berlin, Germany
  • Employee distribution: Germany 100%
  • Founded year: 1924
  • Headcount: 1001-5000
  • LinkedIn: degewo-ag

degewo AG is a residential property management company based in Berlin, Germany, founded in 1924. With a workforce of approximately 2,300 employees, degewo manages over 75,000 apartments across the city. The company is dedicated to urban development and community engagement, focusing on providing affordable housing solutions. They offer a range of services to tenants, including support for those facing rental debts and initiatives aimed at energy efficiency. degewo also emphasizes tenant participation through various programs, ensuring that residents have a voice in their living environments. Their commitment to maintaining quality living conditions and promoting affordable housing makes them a notable entity in the property management sector.


23. Trinity Management, LLC


Trinity Management, LLC, established in 2012, is a property management firm based in Boston, Massachusetts. The company specializes in managing a wide array of residential and commercial properties across Massachusetts, Rhode Island, Connecticut, and New York. With a portfolio that includes over 7,500 residential units and more than 435,000 square feet of commercial space, Trinity Management focuses on condominiums, resident associations, and cooperatives. They are particularly noted for their management of affordable and mixed-income communities, employing various subsidy programs to support low-income residents. Their mission emphasizes enhancing community living and maintaining high property standards, which is reflected in their proactive maintenance and personal management approach. Trinity Management is affiliated with several industry organizations, underscoring their commitment to best practices in property management. They have also received recognition for their contributions to affordable housing, including nominations for prestigious awards in the sector.



Affordable Housing Property Management Insights: Key Companies


CompanyHeadquarterSizeFoundedOwnership
Asset LivingHouston, Texas, United States (USA)5001-100001986Private Equity
FPI ManagementFolsom, California, United States (USA)1001-50001968Private
Winn ManagementCambridge, Massachusetts, United States (USA)51-2001971Private
The Michaels OrganizationCamden, New Jersey, United States (USA)1001-50001973Private
Preservation Management, Inc.South Portland, Maine, United States (USA)201-5001990Private
Red Oak Management Co., Inc.Cedar Springs, Michigan, United States (USA)11-501984Private
IpmPortland, Oregon, United States (USA)201-5001974Private
Cascade Management, Inc.Tigard, Oregon, United States (USA)201-5001974Private
Beacon Communities LLCBoston, Massachusetts, United States (USA)501-10001968Private
Homestead Land Holdings LimitedKingston, Ontario, Canada501-10001954Family Owned
Edgewood ManagementGaithersburg, Maryland, United States (USA)501-10001971Private
Beach Front Property Management, Inc.Long Beach, California, United States (USA)201-5001999Private
Reliant Realty Services LLCNew York, New York, United States (USA)501-10002007Private
Hyder and CompanySan Marcos, California, United States (USA)201-5001973Private
ACC Management Group, Inc.Oshkosh, Wisconsin, United States (USA)201-5001975Private
Odin PropertiesPhiladelphia, Pennsylvania, United States (USA)51-2002009Private
H&R Property Management Ltd.Toronto, Ontario, Canada51-2002011Private
Continental Management LLCBingham Farms, Michigan, United States (USA)201-5002003Private
The Solomon OrganizationSummit, New Jersey, United States (USA)501-10001977Private
Dolphin Property Services LLCYonkers, New York, United States (USA)51-2002011Private
MGM Property Management, L.L.C.Merrillville, Indiana, United States (USA)51-2002008Private
degewo AGBerlin, Berlin, Germany1001-50001924Private
Trinity Management, LLCBoston, Massachusetts, United States (USA)201-5002012Private


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