Placed in service 2018
Illinois tax credit properties at Year 15 in 2032
HUD's database lists 11 Illinois properties placed in service in 2018, with 1,060 apartments (1,060 low-income). If the credit period started that year, the 15-year compliance periods end around 2032, and extended use runs to at least 2047 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Anathoth Gardens 34 North Keeler Ave, Chicago 60624 | 4% | 40 | 40 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Brainerd Park Apartments 8920 Loomis, Chicago 60620 | 9% | 36 | 36 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Mayfair Comons 4444 W. Lawrence Ave., Chicago 60630 | 4% | 97 | 97 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Nelson Mandela Apartments 2546 W North Ave, Chicago 60647 | n/a | 66 | 66 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Tierra Linda Apartments 3572 W. Palmer, Chicago 60647 | 9% | 45 | 45 | 2017 | 2032 or 2033 | 2047 or 2048 |
| University Village Phase I-ii 722 N Annie Glidden Road, Dekalb 60115 | 4% | 414 | 414 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Oak Tree Towers 1110 1116 1120 1130 Warren Ave, Downers Grove 60515 | 4% | 164 | 164 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Lagrange Psh 9601 W Ogden Avenue, Lagrange 60525 | 9% | 20 | 20 | 2015 | 2032 or 2033 | 2047 or 2048 |
| Ogden Manor Apartments 321 395 W Ogden Ave, Naperville 60563 | 4% | 108 | 108 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Scott County Homes 228 N Elm Street, Winchester 62694 | 9% | 20 | 20 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Anthony Place Yorkville 1050 Fremont Street, Yorkville 60560 | 9% | 50 | 50 | 2016 | 2032 or 2033 | 2047 or 2048 |
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, 2029, 2030, 2031.