| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 03/29/2047 |
| State | MI |
| Name | DECATUR DOWNS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | DECATUR |
| Zip Code | 49045 |
| Total Units | 48 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | TM ASSOCIATES MANAGEMENT, INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 4 |
| Vacant Units | 2 |
| Rental Assistance Units | 36 |
| Year Restrictive Clause Expires | 2047 |
| Borrower Name | DECATUR DOWNS |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | ROCKVILLE, MD |
| Data As-of Date | |
| Fy Of Loan Obligation | 1996 |
| Interest Rate At Loan Closing % | 3.25 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 16102 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2047 |
| Loan Payoff Year | 2067 |
| Estimated Property Exit Year | 2047 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 4 |
| Latitude | 42.113587 |
| Longitude | -85.968075 |
| Borrower Id | 180177990 |
| Date Of Operation | 03/29/1979 |
| Tax Credit Expires | 08/24/2047 |
| 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.Monica Blackwell says:
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