Cypress Terrace Apartments
25 Teardrop Lane, Newport News, Virginia 23608
🟢 Future Pipeline
Cypress Terrace Apartments is a 82-unit multifamily property located at 25 Teardrop Lane in Newport News, Virginia 23608. Placed in service in 2018 under the LIHTC program, its 15-year compliance period expires in 2033.
Year-15 Compliance Timeline
LONG-TERM COMPLIANCEPlaced in Service
2018
Current Year
2026
Expiration
2033
2018
2021
2024
2027
2030
2033
📊
Compliance expires in 7 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
8 / 15
Years Until
7
Property Overview
HUD IDVAA20180010
Year Placed in Service2018
Year-15 Expiration2033
Acquisition Status🟢 Future Pipeline
Unit Breakdown
Total Units82
Low-Income Units82
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White37%
Black / African American21%
Am. Indian / Alaska Native0%
Not Reported32%
Household Composition
With Children69%
Disability Status
Members with Disability11%
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