Affordable Housing Management

What Affordable Housing Management does

Affordable Housing Management, Inc. (AHM) is a Greensboro, North Carolina-based nonprofit organization that develops and manages affordable rental housing. Founded in 1970 as the Greater Greensboro Housing Foundation, Inc., the organization transitioned in 1981 into directly developing and managing its own properties in response to changes in affordable housing funding. AHM operates approximately 523 affordable apartment units across 10 communities in the Greensboro area, ranging in size from 16 units (Hope Court) to 84 units (Redhill Pointe), with unit mixes spanning studios through three-bedroom layouts. The portfolio targets households earning at 30%, 50%, and 60% of Area Median Income (AMI), with select properties accepting Section 8 vouchers and one (Laurence Manor) operating under Project-Based Section 8 with no minimum income requirement.

AHM's revenue model is anchored in below-market recurring rental income, with published rents ranging from $237 to $1,053 per month depending on unit size, property, and AMI tier. The organization supplements rental revenue with developer and management activities funded through a layered capital stack that includes competitive Federal Housing Tax Credit allocations (administered by the North Carolina Housing Finance Agency), HOME funds and below-market loans from the City of Greensboro, conventional construction and permanent loans from Truist Bank, Centrant Community Capital, and CICCAR, equity from CAHEC via tax credit purchases, and grants from the Federal Home Loan Bank of Pittsburgh, Wells Fargo Foundation, and Lookout Foundation. Tenant-facing services are delivered through on-site management offices at each property, with supplemental programs such as the Resident Education and Enrichment Fund (REEF) administered in partnership with the Community Foundation of Greater Greensboro.

AHM differentiates through Energy Star v.3.0 certification, NAHB National Green Building Standard certification at Silver and Gold levels, and mission-driven resident support services including partnerships with United Way of Greater Greensboro and Greensboro Housing Coalition for nutrition, budgeting, and tenancy-sustainability programming. The organization is governed by a volunteer Board of Directors and led by an Executive Director, supported by directors of Mission Partnerships & Real Estate Development and Property Management, a Controller, and a Compliance Manager, with 11-50 total employees.

Name

Affordable Housing Management

Legal name

Affordable Housing Management, Inc.

Website

https://ahmi.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Affordable Housing Management is a nonprofit founded in 1970 that develops and manages affordable rental apartment communities in Greensboro, North Carolina, serving low-to-moderate income households, elderly, disabled, and formerly homeless residents across approximately 523 units.

Ownership category

akta.pro rank

Product category

Affordable Housing Management

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Affordable & Public Housing Asset Management (BPAJAMAI), Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Affordable housing management
• Apartment rental services
• Low-income housing
• Property development
• Supportive housing

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Rental Income: AHM generates revenue through rental income from its portfolio of affordable apartment communities. Rents are set at below-market rates to serve households earning 30%, 50%, and 60% of area median income. The organization also accepts Section 8 housing vouchers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Affordable Housing Management, Inc. develops, owns, and operates a portfolio of affordable apartment communities in Greensboro, NC, providing rental housing for households earning 30%, 50%, and 60% of Area Median Income (including elderly, disabled, and formerly homeless residents). The organization also offers supportive resident services such as the Resident Education and Enrichment Fund (REEF) and on-site property management with 24-hour maintenance at each community.

Product overview

Affordable Housing Management, Inc. (AHM) is a nonprofit affordable housing property management organization offering a portfolio of 10 distinct apartment communities in Greensboro, NC. The portfolio includes studio to three-bedroom units ranging from 16 to 84 units per property, totaling approximately 523 affordable units. Properties include Berryman Square (44 units), Hope Court (16 units), Laurence Manor (32 units), Muirs Landing (72 units), Redhill Pointe (84 units), Southwoods (59 units), Sumner Ridge (72 units), Village Crossing (20 units), Windhill (60 units), and Windhill Court (64 units). The company also offers the Resident Education and Enrichment Fund (REEF) as an add-on program for residents. Units are priced for households earning 30%, 50%, and 60% of Area Median Income, with various properties accepting Section 8 vouchers.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Hope Court offers rent $300 to $400 below market value
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered supporting and core.

• United Way of Greater GreensborosupportingStrategic or Co-development Partner · 1 January 2015Provides supportive services including classes in nutrition and budgeting for Hope Court residents.
• Greensboro Housing CoalitionsupportingStrategic or Co-development Partner · 1 January 2015Provides supportive services including budgeting, nutrition classes, and apartment care guidance for Hope Court residents. GHC executive director Brett Byerly advocates for affordable housing development.
• Weaver Cooke ConstructionsupportingImplementation/ SI/ Consulting Partner · 1 January 2015General contractor for Sumner Ridge development, a $9.2 million project.
• Community Foundation of Greater GreensborocoreStrategic or Co-development Partner · 1 January 2013Manages AHM's Resident Education and Enrichment Fund (REEF) with a $50,000 fund plus $5,000 grant. Partnership for resident education and employability programs. Provides grants and collaborative support for community initiatives.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mercy Housing: One of the largest national nonprofit affordable housing developers, owning/operating ~50,000 apartments across 40+ states. Comparable to AHM in mission, LIHTC-driven development model, and service-enriched resident programming for low-income families, elderly, and disabled.
• Self-Help Ventures Fund: North Carolina-based nonprofit affordable housing developer affiliated with Self-Help Credit Union. Directly comparable to AHM as a mission-driven LIHTC developer-operator building and managing affordable rental communities for low-to-moderate income households across NC.
• Preservation of Affordable Housing (POAH): Nonprofit that acquires, develops, and preserves affordable rental housing using LIHTC and other public financing. Directly comparable to AHM in nonprofit ownership model, multifamily affordable housing focus, and reliance on public-private financing partnerships.
• The NHP Foundation: National nonprofit that develops and operates affordable and mixed-income multifamily housing. Comparable to AHM in nonprofit ownership structure, affordable mission, mixed LIHTC/HUD financing stack, and integration of supportive resident services.
• Bellwether Housing: Nonprofit affordable housing developer-operator providing income-restricted rentals for low-income households. Comparable to AHM in mission-driven, vertically integrated develop-and-manage model serving households at 30-60% AMI with on-site services.

Regional players

• Blue Ridge Community Housing: NC-based nonprofit affordable housing provider developing and managing rental housing across western NC. Comparable to AHM in nonprofit structure, LIHTC-driven development, and resident service programming for low-income households.
• DHIC (Durham Housing Initiative Corporation): Nonprofit affordable housing developer based in Durham, NC, focused on LIHTC-financed multifamily rental communities. Highly comparable to AHM by geography (NC Triangle/Triad) and by nonprofit LIHTC developer-operator business model.

Broad incumbents

• Enterprise Community Partners: National nonprofit that finances, develops, and advocates for affordable housing, including LIHTC equity through Enterprise Community Investment. Broadly comparable to AHM as an LIHTC ecosystem participant and mission-aligned affordable housing operator.
• Community Housing Partners: Established nonprofit affordable housing developer-operator active across VA, NC, and the Mid-Atlantic. Comparable to AHM in vertically integrated develop/manage model and reliance on LIHTC, HOME, and state/local financing partnerships.

Others

• Stewards of Affordable Housing for the Future (SAHF): Nonprofit collaborative of 13 mission-driven affordable housing operators. SAHF is an ecosystem peer relevant to AHM as it represents the network of operators that share resident service best practices, ESG-aligned funding access, and policy advocacy relevant to AHM's nonprofit affordable housing model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/affordable-housing-management-inc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Affordable Housing Management