| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 07/14/2040 |
| State | MI |
| Name | PATTERSON CROSSING |
| Address | |
| Address 2 | |
| Address 3 | |
| City | FRANKFORT |
| Zip Code | 49635 |
| Total Units | 56 |
| 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 | 6 |
| Year Restrictive Clause Expires | 2040 |
| Borrower Name | PATTERSON CROSSING |
| Borrower Type | Corporation |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | ROCKVILLE, MD |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 4.25 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 13587 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2040 |
| Loan Payoff Year | 2060 |
| Estimated Property Exit Year | 2040 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 8 |
| Latitude | 44.216312 |
| Longitude | -86.297607 |
| Borrower Id | 463850281 |
| Date Of Operation | 07/14/1981 |
| Tax Credit Expires | 09/30/2040 |
| 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.Shawneen Dustin says:
"For anyone who is confused with the process to get housing, Affordable Housing Online helps."