| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 12/01/2040 |
| State | NC |
| Name | CHERRYWOOD APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | CHERRYVILLE |
| Zip Code | 28021 |
| Total Units | 48 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | Yes |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | CAHEC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 0 |
| Vacant Units | 4 |
| Rental Assistance Units | 41 |
| Year Restrictive Clause Expires | 2039 |
| Borrower Name | NEW CHERRYWOOD APTS LLC |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | CHERRYVILLE, NC |
| Data As-of Date | |
| Fy Of Loan Obligation | 2008 |
| Interest Rate At Loan Closing % | 4.88 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 13460 |
| 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 | 1 |
| Latitude | 35.378238 |
| Longitude | -81.360391 |
| Borrower Id | 536925773 |
| Date Of Operation | 12/01/1991 |
| Tax Credit Expires | 12/11/2039 |
| Property Key | |
| State County Fips Code |
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Theodore Taylor Jr. says:
"Affordable Housing Online is the on website that really helps you get affordable housing."