Terrace Park Apts
5905 Airways Blvd, Southaven, Mississippi 38671
⬜ Compliance Expired
Terrace Park Apts is a 192-unit multifamily property located at 5905 Airways Blvd in Southaven, Mississippi 38671. Placed in service in 2001 under the LIHTC program, its 15-year compliance period expired in 2016.
Year-15 Compliance Timeline
COMPLIANCE PERIOD ENDEDPlaced in Service
2001
Expiration
2016
2001
2004
2007
2010
2013
2016
✅
Expired 10 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
10
Property Overview
HUD IDMSA20010050
Year Placed in Service2001
Year-15 Expiration2016
Acquisition Status⬜ Compliance Expired
Unit Breakdown
Total Units192
Low-Income Units189
Low-Income Ratio98%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
Black / African American37%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Not Reported52%
Household Composition
With Children0%
Elderly 62+93%
Head 62+93%
Disability Status
Members with Disability20%
Household Size at Certification
Actual = Certified size64%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules