Placed in service 2013
Iowa tax credit properties at Year 15 in 2027
HUD's database lists 21 Iowa properties placed in service in 2013, with 949 apartments (931 low-income). If the credit period started that year, the 15-year compliance periods end around 2027, and extended use runs to at least 2042 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Robinson Heights Apts 2501 Mount Pleasant St, Burlington 52601 | 4% and 9% | 100 | 100 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Legacy Manor Of Cedar Rapids 1350 Ahearn Dr NE, Cedar Rapids 52402 | 9% | 60 | 60 | 2011 | 2027 or 2028 | 2042 or 2043 |
| West Heights Townhomes 1155 14th Ave NW, Clinton 52732 | 9% | 30 | 30 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Valley View Apts 125 Ninth St, Columbus Junction 52738 | 4% and 9% | 24 | 24 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Beacon Place 2400 S 19th St, Council Bluffs 51501 | 9% | 40 | 40 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Harrison Lofts 1420 N Harrison St, Davenport 52803 | 9% | 60 | 54 | 2012 | 2027 or 2028 | 2042 or 2043 |
| The Jackson Renaissance 1420 W 16th St, Davenport 52804 | 9% | 48 | 44 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Baker Creek Senior Living I 4560 Hubbell Ave, Des Moines 50317 | 9% | 33 | 33 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Des Moines Greystone Homes LP 1160 Mlk Jr Pkwy, Des Moines 50314 | 4% | 26 | 26 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Melbourne Apts Phase II 5515 SE 14th St, Des Moines 50320 | 9% | 62 | 62 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Silver Oaks 979 Oakridge Dr, Des Moines 50314 | n/a | 39 | 39 | 2011 | 2027 or 2028 | 2042 or 2043 |
| The Crest At Baker Creek 4560 Hubbell Ave, Des Moines 50317 | 9% | 60 | 60 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Meadowlark Place Apts 1120 SE 11th St, Grimes 50111 | 9% | 84 | 84 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Corridor Woods 720 Foster Rd, Iowa City 52245 | 9% | 22 | 22 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Walton Woods 1000 W Adams St, Jefferson 50129 | 4% and 9% | 48 | 48 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Cornerstone Commons 6365 Merle Hay Rd, Johnston 50131 | 9% | 62 | 55 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Pebble Creek Villas 2 Silverstone Dr, Le Claire 52753 | n/a | 18 | 18 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Boyer View Apts 103 Boyer View Dr, Logan 51546 | 4% | 24 | 24 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Legacy Manor Of Mason City 3310 Ninth St SW, Mason City 50401 | 9% | 48 | 47 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Carnegie Place Apts 705 Sixth St, Sioux City 51101 | 4% and 9% | 20 | 20 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Lessenich Place Apts 301 Fifth St, Sioux City 51101 | 4% and 9% | 41 | 41 | 2012 | 2027 or 2028 | 2042 or 2043 |
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: 2023, 2024, 2025, 2026, 2028, 2029, 2030, 2031, 2032.