| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 12/01/2052 |
| State | MN |
| Name | TOWNEDGE ESTATES |
| Address | |
| Address 2 | |
| Address 3 | |
| City | GAYLORD |
| Zip Code | 55334 |
| Total Units | 16 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | SMR MANAGEMENT, INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 1 |
| Vacant Units | 2 |
| Rental Assistance Units | 16 |
| Year Restrictive Clause Expires | 2052 |
| Borrower Name | RD PROPERTIES 2017 LIMITED PARTNERSHIP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | SLAYTON, MN |
| Data As-of Date | |
| Fy Of Loan Obligation | 1991 |
| Interest Rate At Loan Closing % | 3.25 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 18236 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2052 |
| Loan Payoff Year | 2073 |
| Estimated Property Exit Year | 2052 |
| Project Number | |
| Project Id | 04 |
| Project Check Digit | 3 |
| Latitude | 44.553373 |
| Longitude | -94.228712 |
| Borrower Id | 578519316 |
| Date Of Operation | 12/01/1990 |
| Tax Credit Expires | 01/01/2038 |
| 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.Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."