FOURMIDABLE Maintains Spot On 'Affordable 100' List
For the third consecutive year, FOURMIDABLE, has been named to the Affordable 100 List by the National Affordable Housing Management Association. The Bingham Farms company saw an increase in the number of units it manages 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, Indiana and Maryland.
“Qualifying for NAHMA's Affordable 100 list is an honor that speaks to our company's ability to provide economical housing opportunities while fulfilling our core mission of enhancing the quality of life of our residents 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 organization's Affordable 100 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.