| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 06/28/2042 |
| State | VA |
| Name | SPRUCE HILL APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | FLOYD |
| Zip Code | 24091 |
| Total Units | 36 |
| Rental Type | Elderly |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | PEOPLE INCORPORATED OF VIRGINIA |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 2 |
| Rental Assistance Units | 36 |
| Year Restrictive Clause Expires | 2042 |
| Borrower Name | SPRUCE HILL APTS LLC |
| Borrower Type | Ineligible |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | ABINGDON, VA |
| Data As-of Date | |
| Fy Of Loan Obligation | 1994 |
| Interest Rate At Loan Closing % | 3.12 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 14365 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2042 |
| Loan Payoff Year | 2062 |
| Estimated Property Exit Year | 2042 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 2 |
| Latitude | 36.91472 |
| Longitude | -80.323201 |
| Borrower Id | 037901164 |
| Date Of Operation | 06/28/1995 |
| Tax Credit Expires | 12/18/2032 |
| Property Key | |
| State County Fips Code |
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.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."