Springfield Village #663
343-359 Springfield Ave, Newark, New Jersey 07103
🔴 Expiring Imminently
Springfield Village #663 is a 26-unit multifamily property located at 343-359 Springfield Ave in Newark, New Jersey 07103. Placed in service in 2012 under the LIHTC program, its 15-year compliance period expires in 2027. This property's compliance period is expiring imminently.
Year-15 Compliance Timeline
EXPIRING IMMINENTLYPlaced in Service
2012
Current Year
2026
Expiration
2027
2012
2015
2018
2021
2024
2027
⚠️
Compliance expires in 1 year
This property's 15-year LIHTC compliance period is expiring or has recently expired. The owner may be considering disposition, recapitalization, or Year-15 exit options.
Compliance Period
15 Years
Years Elapsed
14 / 15
Years Until
1
Property Overview
HUD IDNJA20123126
Year Placed in Service2012
Year-15 Expiration2027
Acquisition Status🔴 Expiring Imminently
Unit Breakdown
Total Units26
Low-Income Units0
Low-Income Ratio0%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
Hispanic / Latino14%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Not Reported67%
Household Composition
With Children36%
Elderly 62+33%
Head 62+33%
Disability Status
Members with Disability24%
Household Size at Certification
Actual = Certified size0%
Actual < Certified size0%
Actual > Certified size0%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules