Somerville Apartments Fka Rosa Gardens
5701 Mcfarland Boulevard East, Tuscaloosa, Alabama 35405
🟠 Expiring Soon
Somerville Apartments Fka Rosa Gardens is a 50-unit multifamily property located at 5701 Mcfarland Boulevard East in Tuscaloosa, Alabama 35405. 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 IDALA20150013
Year Placed in Service2015
Year-15 Expiration2030
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
Black / African American83%
Hispanic / Latino0%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Household Composition
Elderly 62+88%
Head 62+88%
Disability Status
Units with ≥1 Disabled Member0%
Members with Disability0%
Household Size at Certification
Actual > Certified size0%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules