Library Lane Senior Residence
50 Library Ln, Grayslake, Illinois 60030
⬜ Compliance Expired
Library Lane Senior Residence is a 148-unit multifamily property located at 50 Library Ln in Grayslake, Illinois 60030. Placed in service in 2002 under the LIHTC program, its 15-year compliance period expired in 2017.
Year-15 Compliance Timeline
COMPLIANCE PERIOD ENDEDPlaced in Service
2002
Expiration
2017
2002
2005
2008
2011
2014
2017
✅
Expired 9 years ago
The 15-year compliance period has ended. The property may have already been repositioned or converted.
Compliance Period
15 Years
Years Elapsed
15 / 15
Years Since
9
Property Overview
HUD IDILA20020135
Year Placed in Service2002
Year-15 Expiration2017
Acquisition Status⬜ Compliance Expired
Unit Breakdown
Total Units148
Low-Income Units148
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White63%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Not Reported0%
Household Composition
Elderly 62+72%
Head 62+69%
Disability Status
Units with ≥1 Disabled Member4%
Members with Disability0%
Household Size at Certification
Actual = Certified size73%
Actual < Certified size17%
Actual > Certified size11%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules