Placed in service 2015

Illinois tax credit properties at Year 15 in 2029

HUD's database lists 13 Illinois properties placed in service in 2015, with 745 apartments (694 low-income). If the credit period started that year, the 15-year compliance periods end around 2029, and extended use runs to at least 2044 unless the agreement says later.

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026, projects placed in service through 2024), with HUD's 2024 data dictionary. "Allocated" is the year the agency allocated credits, often a year or more before the property opened. Compliance and extended-use years are estimates from the placed-in-service year; an owner may have started credits a year later, buildings in one project can differ, and extended use shown is the federal minimum; where the agency reported a period over 30 years, it's noted. "No longer monitored" means the agency flagged the property as out of its LIHTC monitoring.
Property	Credit	Units	Low-income	Allocated	Compliance ends	Extended use at least to
Cottage Of Cathedral Square Apts 305 S First St, Belleville 62220	n/a	32	32	2013	2029 or 2030	2044 or 2045
Cornerstone Apartments 747 E. 47th Street, Chicago 60653	n/a	59	58	n/a	2029 or 2030	2044 or 2045
G And A Senior Residence At Kedzie 4054 N. Kedzie Ave, Chicago 60618	9%	50	50	2015	2029 or 2030	2044 or 2045
Kennedy Jordan 825 West 118th Street, Chicago 60643	n/a	70	70	n/a	2029 or 2030	2044 or 2045
Kilpatrick Renaissance 4655 W. Berteau Avenue, Chicago 60641	n/a	98	90	2014	2029 or 2030	2044 or 2045
Milwaukee Avenue Apts 3064 N Milwaukee Ave, Chicago 60618	n/a	32	32	2013	2029 or 2030	2044 or 2045
New City Senior Living 4707 S. Marshfield Ave, Chicago 60609	4%	101	101	2015	2029 or 2030	2044 or 2045
Sangamon Terrace 6145 S Sangamon St, Chicago 60621	n/a	24	24	2014	2029 or 2030	2044 or 2045
The Historic Strand 6315 S Cottage Grove Ave, Chicago 60637	n/a	63	23	2014	2029 or 2030	2044 or 2045
Veterans New Beginnings 8132 S Racine Ave, Chicago 60620	n/a	54	54	2012	2029 or 2030	2044 or 2045
May Apts 1701 Bryant Ave, Edwardsville 62025	n/a	70	70	2013	2029 or 2030	2044 or 2045
Maple Ridge Apts II 660 E Ash St, Paris	n/a	42	42	2013	2029 or 2030	2044 or 2045
Water's Edge Of South Elgin 50 N River St, South Elgin 60177	n/a	50	48	2012	2029 or 2030	2044 or 2045

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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 Illinois: 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2031, 2032.