Year Fifteen
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Placed in service 2009

Michigan tax credit properties at Year 15 in 2023

HUD's database lists 22 Michigan properties placed in service in 2009, with 1,208 apartments (1,212 low-income). If the credit period started that year, the 15-year compliance periods ended around 2023, and extended use runs to at least 2038 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
Pear Street Apts
1440 Pear St, Ann Arbor 48105		9%202020082023 or 20242038 or 2039
Hawks Ridge Apts
15300 Red Tail Dr, Bath 48808		n/a13413520112023 or 20242038 or 2039
Silver Star Apts
5500 Armstrong Rd, Battle Creek 49037		9%767620072023 or 20242038 or 2039
Northern Park Apts
301 Pearl St, Cadillac 49601		4% and 9%646420082023 or 20242038 or 2039
Lincolnshire Village Apts
44908 Trails Ct, Canton 48187		4%14714620102023 or 20242038 or 2039
Red Flannel
349 Oak Ct, Cedar Springs 49319		n/a474820082023 or 20242038 or 2039
Rivercrest Apts
125 W Harrington Rd, Croswell 48422		n/a242320082023 or 20242038 or 2039
Hubbard Communities
1956 Hubbard St, Detroit 48209		n/a354420072023 or 20242038 or 2039
Rouge Woods Apts
23230 Fenkell St, Detroit 48223		9%232320072023 or 20242038 or 2039
Springwells Partners V
2201 Lawndale St, Detroit 48209		4% and 9%292920072023 or 20242038 or 2039
Springwells Village Townhomes
9181 Olivet St, Detroit 48209		9%242420072023 or 20242038 or 2039
Vanguard Elderly
8600 Cameron St, Detroit 48211		9%484820072023 or 20242038 or 2039
Sycamore House
100 W Sycamore St, Durand 48429		n/a403620072023 or 20242038 or 2039
101 South Division Lofts
101 Division Ave S, Grand Rapids 49503		9%202020082023 or 20242038 or 2039
Heron Manor Enhanced Supportive Housing
2106 Leonard St NE, Grand Rapids 49505		n/a252520072023 or 20242038 or 2039
Town Center (In Highland Park)
169 Sears St, Highland Park 48203		4% and 9%636320072023 or 20242038 or 2039
Crosstown Parkway I
732 Howard St, Kalamazoo 49008		4%20120020092023 or 20242038 or 2039
Perry Square
17271 Raupp St, Melvindale 48122		n/a242420072023 or 20242038 or 2039
Raupp Street Housing
17083 Raupp St, Melvindale 48122		n/a242420072023 or 20242038 or 2039
Cranbrook Senior Village
4608 S Isabella Rd, Mt Pleasant 48858		9%404020072023 or 20242038 or 2039
Maxwell Place Senior
04939 Cecilia Dr, South Haven 49090		n/a494920112023 or 20242038 or 2039
Maplewood Manor
211 N Valley St, West Branch 48661		4%515120112023 or 20242038 or 2039

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 Michigan: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.