| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 05/01/2042 |
| State | MI |
| Name | MONTAGUE PLACE APTS AMERICAN PREFERRED |
| Address | |
| Address 2 | |
| Address 3 | |
| City | CARO |
| Zip Code | 48723 |
| Total Units | 28 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | AMERICAN PREFERRED MANAGEMENT CO |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 0 |
| Vacant Units | 6 |
| Rental Assistance Units | 21 |
| Year Restrictive Clause Expires | 2042 |
| Borrower Name | MONTAGUE PLACE LP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | LANSING, MI |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 8.25 |
| Loan Amt | |
| Balloon? | FALSE |
| Remaining Term Days | 6881 |
| Orig Loan Term | 50 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2042 |
| Loan Payoff Year | 2042 |
| Estimated Property Exit Year | 2042 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 1 |
| Latitude | 43.488132 |
| Longitude | -83.397549 |
| Borrower Id | 185260978 |
| Date Of Operation | 05/01/1992 |
| Tax Credit Expires | 06/01/2007 |
| Property Key | |
| State County Fips Code |
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Tamisha Smith says:
"Affordable Housing Online is very informative, and the emails with updates are so convenient."