About Year Fifteen

Year Fifteen is for the people who own and manage tax credit properties after the credits are gone: general partners, nonprofit sponsors, asset managers and buyers. The questions at that stage are precise. When exactly does the compliance period end? What does a right of first refusal holder have to pay? Can the owner still ask for a qualified contract? Section 42 answers them, but you have to read it carefully, and then do arithmetic.

Year Fifteen is operated by Janover Capital LLC. The financing form goes to the Janover Capital desk, which works on commercial real estate loans. Year Fifteen is not a government agency and is not affiliated with, endorsed by or acting for HUD, USDA, the IRS, the U.S. Treasury, any state housing finance agency or any government agency. Nothing here is tax or legal advice: Year 15 outcomes depend on your partnership agreement, your extended use agreement and your tax adviser’s numbers.

How it’s sourced

• Rules quote the Internal Revenue Code (26 U.S.C. 42) and Treasury regulations (26 CFR 1.42-5, 1.42-15, 1.42-18, 1.42-19), with the subsection on each claim.
• Property tables come from HUD’s national LIHTC database as published on HUD’s open data site. Compliance-period years are estimates from the placed-in-service year, and each table says so.
• The data sources page lists every source and date.

Corrections go to hello@lihtc.loan.