| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 10/21/2038 |
| State | KY |
| Name | SOMERSET TERRACE |
| Address | |
| Address 2 | |
| Address 3 | |
| City | SOMERSET |
| Zip Code | 42501 |
| Total Units | 24 |
| Rental Type | Elderly |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | MLP MANAGEMENT/A. MEYERS DEVELOP |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 1 |
| Rental Assistance Units | 22 |
| Year Restrictive Clause Expires | 2043 |
| Borrower Name | SOMERSET TERRACE, LTD. |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | LEXINGTON, KY |
| Data As-of Date | |
| Fy Of Loan Obligation | 1992 |
| Interest Rate At Loan Closing % | 7.25 |
| Loan Amt | |
| Balloon? | FALSE |
| Remaining Term Days | 5305 |
| Orig Loan Term | 50 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2043 |
| Loan Payoff Year | 2038 |
| Estimated Property Exit Year | 2038 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 8 |
| Latitude | 37.092967 |
| Longitude | -84.592455 |
| Borrower Id | 558326445 |
| Date Of Operation | 10/21/1993 |
| Tax Credit Expires | 12/31/2022 |
| Property Key | |
| State County Fips Code |
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Belinda Hewitt says:
"With the information from Affordable Housing Online, I was finally able to apply and get on a waiting list. I see there is still hope, thank you so much!"