Placed in service 2016
Delaware tax credit properties at Year 15 in 2030
HUD's database lists 5 Delaware properties placed in service in 2016, with 420 apartments (419 low-income). If the credit period started that year, the 15-year compliance periods end around 2030, and extended use runs to at least 2045 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Village At Mckee Branch 36 Harmony Lane, Dover 19904 | n/a | 66 | 66 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Main Towers 330 E. Main Street, Newark 19711 | 4% | 150 | 149 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Chandler Heights II Clementine Court, Seaford 19973 | 4% and 9% | 28 | 28 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Meadowbridge Apartments 112 South Tull Drive, Seaford 19973 | 4% and 9% | 104 | 104 | 2015 | 2030 or 2031 | 2045 or 2046 |
| The Flats, Phase I 525 North Union Street, Wilmington 19805 | 9% | 72 | 72 | 2014 | 2030 or 2031 | 2045 or 2046 |
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 Delaware: 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2031, 2032.