Year Fifteen
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Placed in service 2010

Maine tax credit properties at Year 15 in 2024

HUD's database lists 8 Maine properties placed in service in 2010, with 326 apartments (288 low-income). If the credit period started that year, the 15-year compliance periods ended around 2024, and extended use runs to at least 2039 unless the agreement says later.

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026, projects placed in service through 2024), with HUD's 2024 data dictionary. "Allocated" is the year the agency allocated credits, often a year or more before the property opened. Compliance and extended-use years are estimates from the placed-in-service year; an owner may have started credits a year later, buildings in one project can differ, and extended use shown is the federal minimum; where the agency reported a period over 30 years, it's noted. "No longer monitored" means the agency flagged the property as out of its LIHTC monitoring.
PropertyCreditUnitsLow-incomeAllocatedCompliance endsExtended use at least to
Greentree Apts
45 New England Rd, Augusta 04330		TCEP only848320092024 or 20252039 or 2040
Forest Green
1 Parkview Ct, Biddeford 04005		4%404020102024 or 20252039 or 2040
Mill At Saco Falls
100 Saco Falls Way, Biddeford 04005		TCEP only664020092024 or 20252039 or 2040
Market Square Commons
40 Market Sq, Houlton 04730		TCEP only281720092024 or 20252039 or 2040
Birch Hill Elderly Housing
281 Bates St, Lewiston 04240		9%202020082024 or 20252039 or 2040
Lakeview Senior Housing
22 Main St, Lincoln 04457		TCEP only242420092024 or 20252039 or 2040
Emerson Commons
13 Emerson St, Portland 04101		TCEP only393920092024 or 20252039 or 2040
Florence House Apts
190 Valley St, Portland 04102		9%252520082024 or 20252039 or 2040

Watch one of these properties

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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 Maine: 2023, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.