| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 12/22/2048 |
| State | VA |
| Name | LEE TERRACE APARTMENTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | PENNINGTON GAP |
| Zip Code | 24277 |
| Total Units | 40 |
| 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 | 0 |
| Vacant Units | 1 |
| Rental Assistance Units | 40 |
| Year Restrictive Clause Expires | 2038 |
| Borrower Name | PENNINGTON GAP APARTMENTS, L.L.C. |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | ABINGDON, VA |
| Data As-of Date | |
| Fy Of Loan Obligation | 1993 |
| Interest Rate At Loan Closing % | 3.5 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 16574 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2048 |
| Loan Payoff Year | 2068 |
| Estimated Property Exit Year | 2048 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 2 |
| Latitude | 36.749759 |
| Longitude | -83.049448 |
| Borrower Id | 962739763 |
| Date Of Operation | 12/22/1994 |
| Tax Credit Expires | 11/13/2038 |
| Property Key | |
| State County Fips Code |
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.LMarie Murphy says:
"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"