Rankin Terrace Apartments
415 12Th Street N, Wilmington, North Carolina 28401
🟠 Expiring Soon
Rankin Terrace Apartments is a 77-unit multifamily property located at 415 12Th Street N in Wilmington, North Carolina 28401. 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 IDNCA20151934
Year Placed in Service2015
Year-15 Expiration2030
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units77
Low-Income Units77
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White43%
Black / African American42%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Household Composition
With Children53%
Disability Status
Members with Disability10%
Household Size at Certification
Actual > Certified size0%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules