| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 08/04/2031 |
| State | IL |
| Name | AVA APARTMENTS TRUST #989 |
| Address | |
| Address 2 | |
| Address 3 | |
| City | AVA |
| Zip Code | 62907 |
| Total Units | 12 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | N |
| Borrower Profit Type | |
| Management Name | TERRA PROPERTIES INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 0 |
| Vacant Units | 1 |
| Rental Assistance Units | 10 |
| Year Restrictive Clause Expires | 2001 |
| Borrower Name | RALPH KORTE REVOCBL INDENTURE OF TRUST TRUST #989 |
| Borrower Type | Other |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | HIGHLAND, IL |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 11.5 |
| Loan Amt | |
| Balloon? | FALSE |
| Remaining Term Days | 2968 |
| Orig Loan Term | 50 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 1981 |
| Loan Payoff Year | 2031 |
| Estimated Property Exit Year | 2031 |
| Project Number | |
| Project Id | 07 |
| Project Check Digit | 1 |
| Latitude | 37.866291 |
| Longitude | -89.491791 |
| Borrower Id | 437901066 |
| Date Of Operation | 08/04/1981 |
| Tax Credit Expires | |
| Property Key | |
| State County Fips Code |
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Michelle Eans says:
"I love Affordable Housing Online because it provides information you normally would not know about."