Spring Center Apts
512 S Spring Ave, Sioux Falls, South Dakota 57104
🔴 Expiring Imminently
Spring Center Apts is a 31-unit multifamily property located at 512 S Spring Ave in Sioux Falls, South Dakota 57104. Placed in service in 2012 under the LIHTC program, its 15-year compliance period expires in 2027. This property's compliance period is expiring imminently.
Year-15 Compliance Timeline
EXPIRING IMMINENTLYPlaced in Service
2012
Current Year
2026
Expiration
2027
2012
2015
2018
2021
2024
2027
⚠️
Compliance expires in 1 year
This property's 15-year LIHTC compliance period is expiring or has recently expired. The owner may be considering disposition, recapitalization, or Year-15 exit options.
Compliance Period
15 Years
Years Elapsed
14 / 15
Years Until
1
Property Overview
HUD IDSDA20120045
Year Placed in Service2012
Year-15 Expiration2027
Acquisition Status🔴 Expiring Imminently
Unit Breakdown
Total Units31
Low-Income Units24
Low-Income Ratio77%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White13%
Black / African American18%
Hispanic / Latino55%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Household Composition
With Children0%
Elderly 62+72%
Head 62+69%
Disability Status
Units with ≥1 Disabled Member0%
Members with Disability0%
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