Oaks Apartments
363 Water Oak Street, Oakman, Alabama 35579
🟠 Expiring Soon
Oaks Apartments is a 42-unit multifamily property located at 363 Water Oak Street in Oakman, Alabama 35579. Placed in service in 2015 under the LIHTC program, its 15-year compliance period expires in 2030. This property is approaching its Year-15 compliance milestone.
Year-15 Compliance Timeline
EXPIRING SOONPlaced in Service
2015
Current Year
2026
Expiration
2030
2015
2018
2021
2024
2027
2030
📋
Compliance expires in 4 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
11 / 15
Years Until
4
Property Overview
HUD IDALA20150009
Year Placed in Service2015
Year-15 Expiration2030
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units42
Low-Income Units42
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White73%
Black / African American28%
Hispanic / Latino0%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Not Reported0%
Household Composition
With Children65%
Elderly 62+28%
Head 62+28%
Disability Status
Units with ≥1 Disabled Member27%
Members with Disability17%
Household Size at Certification
Actual = Certified size83%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules