Placed in service 2015
Maine tax credit properties at Year 15 in 2029
HUD's database lists 21 Maine properties placed in service in 2015, with 878 apartments (867 low-income). If the credit period started that year, the 15-year compliance periods end around 2029, and extended use runs to at least 2044 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Heritage Court 71 Spring Street, Auburn 04210 | 4% | 43 | 43 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Cony Flat Iron 110 Cony Street, Augusta 04330 | 9% | 48 | 48 | 2014 | 2029 or 2030 | 2044 or 2045 |
| Orchard Hill Apts 25 Ridge Road, Augusta 04330 | 4% | 36 | 36 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Edward Ernst Manor 686 Broadway, Bangor 04402 | 9% | 27 | 27 | 2014 | 2029 or 2030 | 2044 or 2045 |
| Young St Apartments 29 Young Street, Berwick 03901 | 4% | 28 | 28 | 2014 | 2029 or 2030 | 2044 or 2045 |
| St Andres Senior Housing 39 Sullivan Street, Biddeford 04005 | 4% | 35 | 35 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Somerset Place 5 Somerset Place, Brewer 04412 | 9% | 28 | 28 | 2014 | 2029 or 2030 | 2044 or 2045 |
| North View Apartments 185 Summer Street, Dover Foxcroft 04426 | 4% | 24 | 24 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Maliseet Revitalization Project 1 Clover Court And Pine Drive, Houlton 04730 | 9% | 28 | 28 | 2012 | 2029 or 2030 | 2044 or 2045 |
| Chestnut Place Park And Lisbon Streets, Lewiston 04240 | 4% | 72 | 72 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Gateway 11 Lisbon Street, Lewiston 04240 | 4% | 27 | 27 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Pleasant View Acres 50 Fairmount Street, Lewiston 04240 | 4% | 100 | 100 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Lincoln Green 11 Abbott St, Old Town 04468 | 4% | 30 | 30 | 2015 | 2029 or 2030 | 2044 or 2045 |
| 409 Cumberland Ave Apartments 409 Cumberland Avenue, Portland 04101 | 9% | 57 | 46 | 2013 | 2029 or 2030 | 2044 or 2045 |
| Butler Payson 77 Pine Street And 218 State Street, Portland 04102 | 4% | 56 | 56 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Pinecrest 39-45 Pinecrest Avenue, Sabattus 04280 | 4% | 16 | 16 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Timber Ridge Apts 17-36 Timber Ridge Avenue, Sanford 04073 | 4% | 50 | 50 | 2015 | 2029 or 2030 | 2044 or 2045 |
| Ridgeland Gardens 101 Ridgeland Avenue, South Portland 04106 | 4% | 44 | 44 | 2015 | 2029 or 2030 | 2044 or 2045 |
| River Landing 29 Elm Street, Topsham 04086 | 9% | 36 | 36 | 2014 | 2029 or 2030 | 2044 or 2045 |
| Steeple Square 17 Webb St, Westbrook 04092 | 9% | 73 | 73 | 2014 | 2029 or 2030 | 2044 or 2045 |
| Wilton Senior Housing 11 Eastern Avenue, Wilton 04294 | 4% | 20 | 20 | 2015 | 2029 or 2030 | 2044 or 2045 |
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, 2024, 2025, 2026, 2027, 2028, 2030, 2031, 2032.