BINGHAM FARMS, Mich., June 21, 2016 /PRNewswire-USNewswire/ -- For the second consecutive year, FOURMIDABLE, a Michigan-based national real estate management and brokerage company, has been named to the National Affordable Housing Management Association's (NAHMA) Affordable 100 List. The Bingham Farms company ranked 71st on the list with 6,778 total subsidized units--an improvement from last year's 100th spot with 5,141 units. The jump in ranking is due to the recent acquisition of Low Income Housing Tax Credit development contracts in Tennessee and Mississippi, along with Conventional, Rural Development and Public Housing contracts in Michigan.
"Qualifying for NAHMA's Affordable 100 list is an honor that speaks to our company's ability to provide safe and equitable housing opportunities at the same time we fulfill our core mission of enhancing residents' quality of life through expert property management," said Jeri Hays, CEO of FOURMIDABLE.
NAHMA is a leading voice for affordable housing management, working on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing. The list ranks the largest affordable multifamily property management companies in the United States based on the total number of subsidized units managed. To make the list, each company must manage housing units that qualify for at least one of the following federal subsidies: HUD Project-based Assistance, Section 42 LIHTC, HOME funds, USDA Section 515, or Bonds.
FOURMIDABLE's experience in these areas, as well as its management of luxury conventional apartments, public housing, condominiums and commercial properties, has resulted in a growth in its business to more than 200 properties since the company was founded in 1975.
FOURMIDABLE is a national real estate management and brokerage company that specializes in managing, marketing and leasing market rate, tax credit, senior and family government assisted, public housing apartment communities and rural development. Founded in 1975, FOURMIDABLE currently manages 84 communities in eight states, with more than 8,280 units under management. FOURMIDABLE is a member of the elite AMO (Accredited Management Organization) and is an approved management firm for HUD, MSHDA and other State Agencies. Additionally, FOURMIDABLE affiliated companies offer support for property management companies and owners, including agility-pm, a provider of back office accounting, HR, IT and compliance support; eCrosstown, a provider of free WiFi amenity services to apartment residents; ePhonz, a specialized telephone product for apartment management companies; and Geeked Apartments, which provides smart devices to each resident's apartment.
For more information, please call 248-593-4634 or visit www.fourmidable.com.
CONTACT: Michael Schocker
Sue Voyles, Logos Communications