| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 05/15/2041 |
| State | MD |
| Name | GARDENS AT CHESAPEAKE |
| Address | |
| Address 2 | |
| Address 3 | |
| City | ELKTON |
| Zip Code | 21921 |
| Total Units | 66 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | CASE EDWARDS MGMT., INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 7 |
| Vacant Units | 2 |
| Rental Assistance Units | 36 |
| Year Restrictive Clause Expires | 2041 |
| Borrower Name | HOMES FOR ELKTON LP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | ANNAPOLIS, MD |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 3.25 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 14031 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2041 |
| Loan Payoff Year | 2061 |
| Estimated Property Exit Year | 2041 |
| Project Number | |
| Project Id | 02 |
| Project Check Digit | 3 |
| Latitude | 39.594126 |
| Longitude | -75.820014 |
| Borrower Id | 150160742 |
| Date Of Operation | 05/15/1991 |
| Tax Credit Expires | 12/08/2041 |
| Property Key | |
| State County Fips Code |
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.Sandra Lewis-Kidd says:
"I received daily updates from Affordable Housing Online on waiting list openings not only in my city, but also other states and cities accepting applications. I was able to apply, and was actually chosen for the Section 8 housing lottery!"