Spruce Hill
316 Penn Ave Nw, Floyd, Virginia 24091
🟠 Expiring Soon
Spruce Hill is a 36-unit multifamily property located at 316 Penn Ave Nw in Floyd, Virginia 24091. 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 IDVAA20140034
Year Placed in Service2014
Year-15 Expiration2029
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units36
Low-Income Units36
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White68%
Black / African American0%
Hawaiian / Pacific Islander0%
Not Reported26%
Household Composition
With Children79%
Elderly 62+0%
Head 62+0%
Disability Status
Units with ≥1 Disabled Member17%
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