Placed in service 2014
Arkansas tax credit properties at Year 15 in 2028
HUD's database lists 8 Arkansas properties placed in service in 2014, with 449 apartments (437 low-income). If the credit period started that year, the 15-year compliance periods end around 2028, and extended use runs to at least 2043 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Dogwood Cottages Estates 1139 Blossom Blvd, Blytheville 72315 | 9% | 36 | 36 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Legacy At El Dorado 560 Beverly Dr, El Dorado 71730 | 9% | 51 | 50 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Cypress Grove - Lake Village 188 Cypress St, Lake Village 71653 | n/a | 36 | 36 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Albert Pike Apartments 701 Scott St, Little Rock 72201 | n/a | 130 | 130 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Stonebrook Park Of Russellville 1012 Utica Ave S, Russellville 72801 | 9% | 41 | 32 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Peaks At Searcy 900 Richsmith Ln, Searcy 72143 | 9% | 48 | 47 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Riverside Park Apartments, Phase III 3990 E Service Rd, West Memphis 72301 | 4% and 9% | 56 | 56 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Villas Of West Memphis Phase II 141 W Jackson, West Memphis 72301 | 9% | 51 | 50 | 2013 | 2028 or 2029 | 2043 or 2044 |
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: 2023, 2024, 2025, 2026, 2027, 2029, 2030, 2031, 2032.