Placed in service 2009
Iowa tax credit properties at Year 15 in 2023
HUD's database lists 17 Iowa properties placed in service in 2009, with 921 apartments (919 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 |
|---|---|---|---|---|---|---|
| Cedar Manor Apts II 2003 Cedar St, Boone 50036 | 4% and 9% | 24 | 24 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Brown Apts 1234 Fourth Ave SE, Cedar Rapids 52403 | 4% and 9% | 15 | 15 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Home To Stay 845 31st Ave SW, Cedar Rapids 52404 | 9% | 24 | 24 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Creston Plaza Apts II 1003 S Sumner St, Creston 50801 | 4% and 9% | 24 | 24 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Cross Creek Apts Of Davenport 5901 Elmore Ave, Davenport 52807 | 4% and 9% | 192 | 192 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Fairmont Pines 3525 W 42nd St, Davenport 52806 | 4% and 9% | 112 | 112 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Marycrest Senior Campus IV 1601 E 12th St, Davenport 52803 | 4% and 9% | 20 | 20 | 2006 | 2023 or 2024 | 2038 or 2039 |
| Deer Ridge Apts VI 6000 Creston Ave, Des Moines 50321 | 4% and 9% | 40 | 40 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Oakview Terrace Apts 3211 30th St, Des Moines 50310 | 4% and 9% | 233 | 232 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Southview Senior Apts 504 E Hillside Ave, Des Moines 50315 | 4% and 9% | 40 | 40 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Willow Bend Apts II 6500 SW Ninth St, Des Moines 50315 | 4% and 9% | 24 | 24 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Jefferson Point II 45 W Jefferson St, North Liberty 52317 | 4% and 9% | 30 | 30 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Grant Terrace 715 B Ave E, Oskaloosa 52577 | 4% and 9% | 15 | 15 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Lincoln Terrace 911 B Ave W, Oskaloosa 52577 | 4% and 9% | 15 | 15 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Canterbury Park Apts IV 600 NE 56th St, Pleasant Hill 50327 | 4% and 9% | 24 | 24 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Old Spencer School 104 E Fourth St, Spencer 51301 | 4% and 9% | 16 | 16 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Chapel Ridge West I 210 S 41st St, West Des Moines 50265 | 4% and 9% | 73 | 72 | 2008 | 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 Iowa: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.