| Db Date | 12/31/2020 |
| Estimated Property Exit Date | 4/5/2035 |
| State | AL |
| Name | ASHLAND HEIGHTS II |
| Address | 460 3RD AVE N |
| Address 2 | |
| Address 3 | |
| City | ASHLAND |
| Zip Code | 362514768 |
| Total Units | 16 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | N |
| Borrower Profit Type | Limited Profit |
| Management Name | SOUTHERN DEVELOPMENT COMPANY, LL |
| 1 Br | 16 |
| 2 Br | 0 |
| 3 Br | 0 |
| 4 Br | 0 |
| 5 Br | 0 |
| 6 Br | 0 |
| Handicapped Units | 0 |
| Vacant Units | 0 |
| Rental Assistance Units | 16 |
| Year Restrictive Clause Expires | 2005 |
| Borrower Name | SOUTHERN DEV CO OF ASHLAND NO 2 LTD |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | SOUTHERN DEV CO OF ASHLAND NO 2 LTD |
| Borrower Address | 44 MARKET PLAZA |
| Borrower Address 3 | SUITE 801 |
| Borrower Address 4 | |
| Borrower City State | MONTGOMERY, AL |
| Data As-of Date | 12/31/2020 |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 3.5 |
| Loan Amt | 32541.04 |
| Balloon? | FALSE |
| Remaining Term Days | 5234 |
| Orig Loan Term | 15.750685 |
| Prepay Eligible | FALSE |
| Prepay Eligible Date Yr | 2035 |
| Loan Payoff Year | 2035 |
| Estimated Property Exit Year | 2035 |
| Project Number | 010 |
| Project Id | 01 |
| Project Check Digit | 0 |
| Latitude | 33.276634 |
| Longitude | -85.837195 |
| Borrower Id | 925488779 |
| Date Of Operation | 4/5/1985 |
| Tax Credit Expires | |
| Property Key | 9254887791010 |
| State County Fips Code | 1027 |
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Linda Vallare Johnson says:
"Affordable Housing Online is an awesome tool in locating affordable housing."