Placed in service 2009
Arkansas tax credit properties at Year 15 in 2023
HUD's database lists 17 Arkansas properties placed in service in 2009, with 1,112 apartments (1,072 low-income). If the credit period started that year, the 15-year compliance periods ended around 2023, and extended use runs to at least 2038 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Lindenwood Apts 1220 Lake View Est, Alma 72921 | 4% and 9% | 25 | 24 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Legacy Village Green House Assisted Living 1305 NE Legacy Pkwy, Bentonville 72712 · no longer monitored | 9% | 20 | 20 | 2006 | 2023 or 2024 | 2038 or 2039 |
| Valley Estates Of Clarksville 1620 Dunwood Dr, Clarksville 72830 | 9% | 48 | 38 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Stone Ridge At Conway Fka Park Ridge Phase II 1985 Rich Smith Ln, Conway 72032 | n/a | 48 | 38 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Stone Ridge At Conway Phase I 1985 Rich Smith Ln, Conway 72032 | 9% | 48 | 48 | 2009 | 2023 or 2024 | 2038 or 2039 |
| Centennial Apts 220 Dan Gill Dr, Dumas 71639 | 4% and 9% | 24 | 24 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Cascades At Spring Street 1510 Spring St, Hot Springs 71901 | 9% | 32 | 32 | 2007 | 2023 or 2024 | 2038 or 2039 |
| River Bend Apartments 609 W Court St, Jasper 72641 | TCEP only | 30 | 29 | 2009 | 2023 or 2024 | 2038 or 2039 |
| Arkansas River Apts 6900 Cantrell Rd, Little Rock 72207 | 4% | 72 | 72 | 2010 | 2023 or 2024 | 2038 or 2039 |
| Auxora Arms Apartments 9101 Auxor Ave, Little Rock 72209 | 4% and 9% | 100 | 100 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Metropolitan Village 2801 S Scott St, Little Rock 72206 | 9% | 60 | 42 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Spanish Jon's Apartments 5001 W 65th St, Little Rock 72209 | 4% | 224 | 224 | 2008 | 2023 or 2024 | 2038 or 2039 |
| St John's Apts 5001 W 65th St, Little Rock 72209 | 4% | 224 | 224 | 2009 | 2023 or 2024 | 2038 or 2039 |
| Mountain Lodge Apartments 211 King Ave, Mountain View 72560 | 4% and 9% | 32 | 32 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Village Park South I 2225 East St, Texarkana 71854 | 4% and 9% | 50 | 50 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Village Park South II 2225 East St, Texarkana 71854 | 4% and 9% | 50 | 50 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Cottonwood Apartments 603 NE Carolina St, Walnut Ridge 72476 | n/a | 25 | 25 | 2007 | 2023 or 2024 | 2038 or 2039 |
All 13,244 properties as CSV or JSON: Year 15 data download.
What Year 15 changes for these owners
Once the compliance period closes, credit recapture no longer applies, and a right of first refusal held by a nonprofit, a tenant group or a government agency can let it buy for as little as the minimum price in IRC 42(i)(7): the debt not taken on in the five years before the sale, plus the taxes the sale triggers. With the credits claimed and recapture behind them, investor partners have little reason to stay in. The property still owes at least 15 more years of extended use, and unless the agreement or state law rules it out, the owner can ask the agency for a qualified contract after year 14. States can set longer extended use or bar qualified contract requests in their regulatory agreements, so read the recorded agreement for any property here.
Check the exact dates for one property in the compliance timeline calculator, or work the exit numbers in the Year 15 exit and refinance calculator.
Other years in Arkansas: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.