| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 10/01/2041 |
| State | AR |
| Name | SOUTHGATE APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | BOONEVILLE |
| Zip Code | 72927 |
| Total Units | 28 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | PHILLIPS DEV CORP |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 0 |
| Rental Assistance Units | 26 |
| Year Restrictive Clause Expires | 2041 |
| Borrower Name | PDC ELEVEN LIMITED PARTNERSHIP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | LITTLE ROCK, AR |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 8.75 |
| Loan Amt | |
| Balloon? | FALSE |
| Remaining Term Days | 6659 |
| Orig Loan Term | 50 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2041 |
| Loan Payoff Year | 2041 |
| Estimated Property Exit Year | 2041 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 4 |
| Latitude | 35.129166 |
| Longitude | -93.923187 |
| Borrower Id | 733939973 |
| Date Of Operation | 10/01/1991 |
| Tax Credit Expires | 01/01/2025 |
| Property Key | |
| State County Fips Code |
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."