Placed in service 2014
Louisiana tax credit properties at Year 15 in 2028
HUD's database lists 16 Louisiana properties placed in service in 2014, with 1,122 apartments (1,051 low-income). If the credit period started that year, the 15-year compliance periods end around 2028, and extended use runs to at least 2043 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Elm Drive Senior Apartments 4250 Elm Dr., Baton Rouge 70805 | n/a | 60 | 60 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Renaissance Gateway 650 North Ardenwood Drive, Baton Rouge 70806 | n/a | 207 | 207 | 2011 | 2028 or 2029 | 2043 or 2044 |
| The Gardens Of Baton Rouge 7900 Plank Rd., Baton Rouge 70811 | n/a | 50 | 50 | 2011 | 2028 or 2029 | 2043 or 2044 |
| Garden Park 800 Agnes Dr.,, Breaux Bridge | n/a | 25 | 25 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Park Place Apartments 400 Park Place Drive, Dequincy 70633 | n/a | 32 | 32 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Tangi Village 13080 Quick Blvd, Hammond | n/a | 96 | 95 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Terrace Of Hammond 1203 Martin Luther King Avenue,, Hammond 70401 | n/a | 80 | 80 | 2013 | 2028 or 2029 | 2043 or 2044 |
| South Point 755 South Point Loop, Morehouse 71220 | n/a | 27 | 27 | 2013 | 2028 or 2029 | 2043 or 2044 |
| 1501 Canal Senior Housing 1501 Canal Street, New Orleans 70112 | n/a | 112 | 112 | n/a | 2028 or 2029 | 2043 or 2044 |
| Bw Cooper 1b 3402 Earhart Blvd, New Orleans 70125 | n/a | 160 | 112 | n/a | 2028 or 2029 | 2043 or 2044 |
| Claiborne Lofts (Formerly Gchp Claiborne) 2256 North Claiborne Avenue, New Orleans 70117 | n/a | 26 | 26 | 2011 | 2028 or 2029 | 2043 or 2044 |
| Iberville Offsite Rehab 1 2215-17 St. Philip St, New Orleans | n/a | 23 | 1 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Iberville Offsite Rehab 2 926-28 N. Tonti, New Orleans | n/a | 23 | 23 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Windsor Court 6610 La Hwy 74, Saint Gabriel 70776 | n/a | 120 | 120 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Elm Street Village 401 Elm St., Tallulah 71282 | n/a | 34 | 34 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Somerset Apartments 408 Iberia Street, Youngsville 70592 | n/a | 47 | 47 | 2013 | 2028 or 2029 | 2043 or 2044 |
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 Louisiana: 2023, 2024, 2025, 2026, 2027, 2029, 2030, 2031, 2032.