415 Franklin
415 Franklin Se, Grand Rapids, Michigan 49507
🟢 Future Pipeline
415 Franklin is a 41-unit multifamily property located at 415 Franklin Se in Grand Rapids, Michigan 49507. Placed in service in 2020 under the LIHTC program, its 15-year compliance period expires in 2035.
Year-15 Compliance Timeline
LONG-TERM COMPLIANCEPlaced in Service
2020
Current Year
2026
Expiration
2035
2020
2023
2026
2029
2032
2035
📊
Compliance expires in 9 years
This property has significant time remaining on its compliance period. Compliance data is being tracked for informational purposes.
Compliance Period
15 Years
Years Elapsed
6 / 15
Years Until
9
Property Overview
HUD IDMIA20201001
Year Placed in Service2020
Year-15 Expiration2035
Acquisition Status🟢 Future Pipeline
Unit Breakdown
Total Units41
Low-Income Units40
Low-Income Ratio98%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White23%
Black / African American50%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial12%
Household Composition
With Children77%
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