| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 01/22/2024 |
| State | MI |
| Name | HORIZON APTS. |
| Address | |
| Address 2 | |
| Address 3 | |
| City | MIO |
| Zip Code | 48647 |
| Total Units | 24 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | KMG PRESTIGE INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 1 |
| Vacant Units | 0 |
| Rental Assistance Units | 24 |
| Year Restrictive Clause Expires | 2031 |
| Borrower Name | HORIZON APTS - MIO LP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | NOVI, MI |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 9.5 |
| Loan Amt | |
| Balloon? | FALSE |
| Remaining Term Days | 456 |
| Orig Loan Term | 36.917808 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 1988 |
| Loan Payoff Year | 2024 |
| Estimated Property Exit Year | 2024 |
| Project Number | |
| Project Id | 02 |
| Project Check Digit | 2 |
| Latitude | 44.644867 |
| Longitude | -84.128459 |
| Borrower Id | 474684603 |
| Date Of Operation | 01/22/1988 |
| Tax Credit Expires | 12/31/2015 |
| Property Key | |
| State County Fips Code |
Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."
