Franklin Apartments ( Plaza Roosevelt)
347 Franklin Street Sw, Grand Rapids, Michigan 49503
🟢 Future Pipeline
Franklin Apartments ( Plaza Roosevelt) is a 24-unit multifamily property located at 347 Franklin Street Sw in Grand Rapids, Michigan 49503. 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 IDMIA20201006
Year Placed in Service2020
Year-15 Expiration2035
Acquisition Status🟢 Future Pipeline
Unit Breakdown
Total Units24
Low-Income Units24
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White11%
Black / African American79%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Household Composition
With Children68%
Disability Status
Units with ≥1 Disabled Member0%
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