| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 01/12/2043 |
| State | VA |
| Name | NEW RIVER GARDENS II |
| Address | |
| Address 2 | |
| Address 3 | |
| City | RADFORD |
| Zip Code | 24141 |
| Total Units | 44 |
| 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 | 0 |
| Vacant Units | 0 |
| Rental Assistance Units | 44 |
| Year Restrictive Clause Expires | 2033 |
| Borrower Name | NEW RIVER GARDENS 2 VA 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 | 1991 |
| Interest Rate At Loan Closing % | 3.12 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 14577 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2043 |
| Loan Payoff Year | 2063 |
| Estimated Property Exit Year | 2043 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 7 |
| Latitude | 37.10714 |
| Longitude | -80.58121 |
| Borrower Id | 135357533 |
| Date Of Operation | 01/12/1987 |
| Tax Credit Expires | 07/31/2028 |
| 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.Bri-Anna Barbosa says:
"Affordable Housing Online is very informative and helpful by keeping you up to date with housing, including what's available and how to apply."