Placed in service 2017
Louisiana tax credit properties at Year 15 in 2031
HUD's database lists 19 Louisiana properties placed in service in 2017, with 1,291 apartments (1,160 low-income). If the credit period started that year, the 15-year compliance periods end around 2031, and extended use runs to at least 2046 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Bond House Senior Apartments 720 Brisco Avenue, Bastrop 71220 | n/a | 75 | 75 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Briarwood Estates At Bastrop 1700 Highway 139, Bastrop 71220 | n/a | 38 | 38 | 2019 | 2031 or 2032 | 2046 or 2047 |
| Morehouse Gardens II 601 Pleasant Drive, Bastrop 71220 | n/a | 40 | 40 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Elysian II 1100 Spanish Town Road, Baton Rouge 70802 | n/a | 100 | 40 | 2019 | 2031 or 2032 | 2046 or 2047 |
| Cottages At Mile Branch 1140 Polders Lane, Covington 70433 | n/a | 25 | 25 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Bayou Oaks Homes 125 Bayou Oaks Drive, Donaldsonville 70346 | n/a | 68 | 54 | 2014 | 2031 or 2032 | 2046 or 2047 |
| Gchp-hammond / Phoenix Square Homes 1211 Phoenix Square, Hammond 70403 | n/a | 39 | 39 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Houma School Apartments 311 Academy Street, Houma 70360 | n/a | 103 | 63 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Twin Lakes Of Leesville 213 Blackburn, 100 Logan Lane, 701 Wesley, Leesville 71446 | n/a | 194 | 194 | n/a | 2031 or 2032 | 2046 or 2047 |
| Artspace Bell School Lofts 1010 North Galves Street, New Orleans 70116 | n/a | 79 | 79 | n/a | 2031 or 2032 | 2046 or 2047 |
| Bastion I 1917 Mirabeau Ave, New Orleans 70119 | n/a | 38 | 38 | n/a | 2031 or 2032 | 2046 or 2047 |
| G.o. Mondy School Apartments LLC 2327 Saint Philip Street, New Orleans 70119 | n/a | 35 | 35 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Iberville On-site Phase IV 1575 Iberville Street, New Orleans 70112 | n/a | 164 | 147 | n/a | 2031 or 2032 | 2046 or 2047 |
| Riverdale 569 Curet Street, New Roads 70760 | n/a | 48 | 48 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Pecan Ridge Phase II 469 Walnut Drive, Pineville 71360 | n/a | 48 | 48 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Lee Crossing 401 Lee Crossing Drive, Rayne 70578 | n/a | 46 | 46 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Park Ridge Estates Of Ruston 404 Richsmith Lane, Ruston 71270 | n/a | 60 | 60 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Ville Platte Village 1201 Tom Drive, Ville Platte 70586 | n/a | 31 | 31 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Hy Bell 305 22nd Street, Winnfield 71483 | n/a | 60 | 60 | 2016 | 2031 or 2032 | 2046 or 2047 |
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, 2028, 2029, 2030, 2032.