| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 10/22/2029 |
| State | NC |
| Name | NEW HORIZONS APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | WASHINGTON |
| Zip Code | 27889 |
| Total Units | 24 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | GEM MANAGEMENT LLC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 0 |
| Rental Assistance Units | 24 |
| Year Restrictive Clause Expires | 2029 |
| Borrower Name | NEW HORIZONS APTS LP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | CHARLOTTE, NC |
| Data As-of Date | |
| Fy Of Loan Obligation | 1996 |
| Interest Rate At Loan Closing % | 7.25 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 9576 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2029 |
| Loan Payoff Year | 2049 |
| Estimated Property Exit Year | 2029 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 1 |
| Latitude | 35.556226 |
| Longitude | -77.065012 |
| Borrower Id | 511303656 |
| Date Of Operation | 10/22/1999 |
| Tax Credit Expires | 06/29/2014 |
| Property Key | |
| State County Fips Code |
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Steve Rubin says:
"Affordable Housing Online is an excellent resource, and an important service for those who need it."