Timber Ridge
190 Heartwood Ln, Spindale, North Carolina 28160
🟠 Expiring Soon
Timber Ridge is a 50-unit multifamily property located at 190 Heartwood Ln in Spindale, North Carolina 28160. Placed in service in 2014 under the LIHTC program, its 15-year compliance period expires in 2029. This property is approaching its Year-15 compliance milestone.
Year-15 Compliance Timeline
EXPIRING SOONPlaced in Service
2014
Current Year
2026
Expiration
2029
2014
2017
2020
2023
2026
2029
📋
Compliance expires in 3 years
This property is approaching its Year-15 compliance milestone. It is worth monitoring for changes in ownership intent and refinancing activity.
Compliance Period
15 Years
Years Elapsed
12 / 15
Years Until
3
Property Overview
HUD IDNCA20141035
Year Placed in Service2014
Year-15 Expiration2029
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units50
Low-Income Units50
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
Household Composition
With Children0%
Elderly 62+53%
Head 62+53%
Disability Status
Units with ≥1 Disabled Member0%
Members with Disability77%
Household Size at Certification
Actual = Certified size100%
Actual < Certified size0%
Actual > Certified size0%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules