FairHousingHubLIHTC Expiration Directory

2 Rivers Apartments (Fka Park Ave Apts)

2426 Park Ave, Faribault, Minnesota 55021

⬜ Compliance Expired

2 Rivers Apartments (Fka Park Ave Apts) is a 30-unit multifamily property located at 2426 Park Ave in Faribault, Minnesota 55021. Placed in service in 1992 under the LIHTC program, its 15-year compliance period expired in 2007.

Year-15 Compliance Timeline

COMPLIANCE PERIOD ENDED
Placed in Service
1992
Expiration
2007
1992
1995
1998
2001
2004
2007
✅
Expired 19 years ago

The 15-year compliance period has ended. The property may have already been repositioned or converted.

Compliance Period
15 Years
Years Elapsed
15 / 15
Years Since
19
Property Overview
HUD IDMNA19929002
Address2426 Park Ave, Faribault, Minnesota 55021
Year Placed in Service1992
Year-15 Expiration2007
Acquisition Status⬜ Compliance Expired
Unit Breakdown
Total Units30
Low-Income Units30
Low-Income Ratio100%

2022 Tenant Profile

HUD Property-Level Data · Source: HUD LIHTC

Race & Ethnicity of Head of Household

White81%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%

Household Composition

With Children75%

Disability Status

Members with Disability0%

Household Size at Certification

2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules