345 State Street Apartments
345 State Street Se, Grand Rapids, Michigan 49503
🟠 Expiring Soon
345 State Street Apartments is a 34-unit multifamily property located at 345 State Street Se in Grand Rapids, Michigan 49503. 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 IDMIA20150001
Year Placed in Service2015
Year-15 Expiration2030
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units34
Low-Income Units28
Low-Income Ratio82%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White73%
Black / African American12%
Not Reported9%
Household Composition
With Children0%
Elderly 62+95%
Head 62+95%
Disability Status
Units with ≥1 Disabled Member16%
Household Size at Certification
Actual < Certified size0%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules