Placed in service 2018
Maine tax credit properties at Year 15 in 2032
HUD's database lists 9 Maine properties placed in service in 2018, with 659 apartments (631 low-income). If the credit period started that year, the 15-year compliance periods end around 2032, and extended use runs to at least 2047 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| The Inn At City Hall And Kennebec Plaza 1 Cony Street, Augusta 04330 | 4% | 101 | 96 | 2018 | 2032 or 2033 | 2047 or 2048 |
| Cabin In The Woods 4 Eagle Drive, Chelsea 04330 | 9% | 21 | 21 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Oriole Way 3 Oriole Way, Ellsworth 04605 | 9% | 50 | 50 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Blackstone Apartments 21 Squidere Lane, Falmouth 04105 | 9% | 39 | 39 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Motherhouse Senior Housing 605 Stevens Avenue, Portland 04103 | 4% | 88 | 66 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Northfield Green 147 Allen Street, Portland 04103 | 4% | 201 | 200 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Southgate House 577 Us Route 1, Scarborough 04074 | 9% | 38 | 38 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Dr. Arthur O. Berry (Aka Larrabee Commons) 27 Liza Harmon Drive, Westbrook 04092 | 4% | 38 | 38 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Riverview Terrace-larrabee Woods 21 Knight Street, Westbrook 04092 | 9% | 83 | 83 | 2017 | 2032 or 2033 | 2047 or 2048 |
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, 2029, 2030, 2031.