Section 8 Housing Details

Hub Name : Detroit

Servicing Site Name : Detroit

Property Phone Number : 216-271-2323

Address line1 : 7310 CARSON AVE

Address line2 :

City Name : CLEVELAND

State Code : OH

Zip Code : 44104

Zip4 Code : 4215

County Code : 035

County Name : Cuyahoga

MSA Code : 1680

MSA Name : Cleveland-Lorain-Elyria, OH PMSA

Congressional District Code : 11

Placed Base City Name : Cleveland

Property Total Unit Count : 488

Property Category Name : Insured-Subsidized

Associated Financing Number : 04235737

Is Insured Ind : Y

Is 202 811 Ind : N

Is Hud Held Ind : N

Is Hud Owned Ind : N

Is Hospital Ind : N

Is Nursing Home Ind : N

Is Board And Care Ind : N

Is Assisted Living ind : N

Is Refinanced Ind : N

Is 221d3 Ind : N

Is 221d4 Ind : Y

Is 226 Ind : N

Is Non Insured Ind : N

Is Bmir Ind : N

Is Risk Sharing Ind : N

Is Mip Ind : N

Is Co Insured Ind : N

Is Opportunity Zone Ind : Y

Ownership Effective Date : 2022-06-24 00:00:00

Owner Participant Id : 415428

Owner Company Type : Profit Motivated

Owner Individual First Name :

Owner Individual Middle Name :

Owner Individual Last Name :

Owner Individual Full Name :

Owner Individual Title :

Owner Organization Name : Rainbow Terrace 2021 LLC

Owner Address Line1 : 20250 Harper Avenue

Owner Address Line2 :

Owner City Name : Detroit

Owner State Code : MI

Owner Zip Code : 48225

Owner Zip4 Code :

Owner Main Phone Number : 313-881-8150

Owner Main Fax Number :

Mgmt Agent Participant Id : 3001

Mgmt Agent Company Type : Profit Motivated

Mgmt Agent Indv First Name :

Mgmt Agent Indv Last Name :

Mgmt Agent Indv Middle Name :

Mgmt Agent Indv Full Name :

Mgmt Agent Indv Title :

Contract Number : OH12E000016

Contract Number : OH12E000016

Contract Number : OH12E000016

Mgmt Agent Indv Org Name : Independent Management Services

Mgmt Agent Address Line1 : 14381 North Road

Mgmt Agent Address Line2 :

Mgmt Agent City Name : Fenton

Mgmt Agent State Code : MI

Mgmt Agent Zip Code : 48430

Mgmt Agent Zip4 Code : 0000

Mgmt Agent Main Phone Number : (810)750-7000

Mgmt Agent Main Fax Number : (810)750-7840

Mgmt Agent Email : IMS@imsteam.net

Contract Number : OH12E000016

Property Name : RAINBOW TERRACE

Tracs Effective Date : 2022-11-01 00:00:00

Tracs Overall Expiration Date : 2042-10-31 00:00:00

Tracs Overall Exp Fiscal Year : 2043

Tracs Overall Expire Quarter : Q1

Tracs Current Expiration Date : 2023-10-31 00:00:00

Contract Term Months Qty : 240

Assisted Units Count : 484

Is Hud Administered Ind : N

Is Acc Old Ind : N

Is Acc Performance Based Ind : Y

Contract Doc Type Code : HAP

Program Type Name : PD/8 SR

Program Type Group Code : PD

Tracs Status Name : Active

Tracs Type Group Name : S8 Prop. Disp.

Rent To FMR Ratio : 114.0369424570233200

Rent To FMR Description : Between 101% & 120% FMR

Column 0BR Count : 0

Column 1BR Count : 0

Column 2BR Count : 302

Column 3BR Count : 182

Column 4BR Count : 0

Column 5plusBR Count : 0

Column 0BR FMR : 0

Column 1BR FMR : 0

Column 2BR FMR : 998

Column 3BR FMR : 1296

Column 4BR FMR : 0