When their Customer Relations Director contacted me, she said that they were under staffed and they were hiring more people. 

Start googling real estate directors of these companies, then head on over to linked IN to see if it's up to date. 

A PHA Executive Director is the chief executive officer who answers to commissioners and regional HUD directors as to compliance and all operations.

“The problem is that in 1997, when the maximum exclusion levels were added to the tax code, they were not indexed to inflation,” says Evan Liddiard, CPA, director of federal tax policy for the National Association of REALTORS®.

If the latter, as mentioned I still don't understand why and you'll also incur so much expenses in operating the C Corp including getting a Board of Directors!

We did have a phone conversation with the director of development at the city who said it seems doable.  

That credit policy manual is approved by the board of directors, Federal, and State Regulators.

Both the property management company & the condo's Board of Directors are running a search for a qualified property manager (I've been engaged by the Board to assist in finding candidates).

Are you the operator do do you have an Operator/Executive Director on staff?   

I'm managing Director of a 501 (C) 3,  with a CPA that handles what you seem to have expertise in.