| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 01/18/2040 |
| State | IL |
| Name | MAGNOLIA PROP. 2 |
| Address | |
| Address 2 | |
| Address 3 | |
| City | NEWTON |
| Zip Code | 62445 |
| Total Units | 28 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | MAROON DEVELOPMENT, INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 4 |
| Rental Assistance Units | 27 |
| Year Restrictive Clause Expires | 2030 |
| Borrower Name | MAGNOLIA PROPERTIES L.P. |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | SHELBYVILLE, IL |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 4 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 9968 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2040 |
| Loan Payoff Year | 2050 |
| Estimated Property Exit Year | 2040 |
| Project Number | |
| Project Id | 05 |
| Project Check Digit | 2 |
| Latitude | 38.975975 |
| Longitude | -88.154505 |
| Borrower Id | 256029654 |
| Date Of Operation | 01/18/1980 |
| Tax Credit Expires | 11/09/2040 |
| Property Key | |
| State County Fips Code |
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Izzie Tiffany says:
"Affordable Housing Online is an excellent resource. Thank you for your service."