Placed in service 2013
Michigan tax credit properties at Year 15 in 2027
HUD's database lists 40 Michigan properties placed in service in 2013, with 3,536 apartments (3,073 low-income). If the credit period started that year, the 15-year compliance periods end around 2027, and extended use runs to at least 2042 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Jps Pinecrest 491 Pine Meadow Ln, Alpena 49707 | 4% and 9% | 180 | 179 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Pauline Apts 1500 Pauline Blvd, Ann Arbor 48103 | 9% | 32 | 32 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Silver Star II 44 Clark Rd, Battle Creek 49037 | 9% | 101 | 100 | 2012 | 2027 or 2028 | 2042 or 2043 |
| St George Tower 42250 Hayes Rd, Clinton Township 48038 | 4% | 200 | n/a | 2015 | 2027 or 2028 | 2042 or 2043 |
| Cass Apartments 1584 Elmhurst, Detroit 48206 | 9% | 41 | 41 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Coronado Apts 3751 Second Ave, Detroit 48201 | 9% | 24 | 24 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Elmwood Tower 1325 Chene St, Detroit 48207 | 4% and 9% | 168 | 168 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Gardenview Estates Phase III C 16461 Van Buren, Detroit 48228 | 4% | 84 | 84 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Gardenview Estates Phase III D 16461 Van Buren, Detroit 48228 | 4% | 82 | 82 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Mack Ashland 14711 Mack Ave, Detroit 48215 | 9% | 39 | 39 | 2012 | 2027 or 2028 | 2042 or 2043 |
| New Center Square 628 Delaware, Detroit 48202 | 9% | 49 | 49 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Palmer Park Square 750 Whitmore Rd, Detroit 48203 | 9% | 203 | 161 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Parkview Tower 1601 Bradby Dr, Detroit 48207 | 4% and 9% | 350 | 350 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Penrose Village II 516 W Lantz St, Detroit 48203 | 9% | 36 | 36 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Scotten Park 4051 Toledo St, Detroit 48209 | 9% | 32 | 32 | 2013 | 2027 or 2028 | 2042 or 2043 |
| Jps Fremont 318 Dewitt Ave, Fremont 49412 | 4% and 9% | 110 | 108 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Serenity Place 216 S. Clinton Street, Grand Ledge 48837 | 4% and 9% | 100 | 100 | 2013 | 2027 or 2028 | 2042 or 2043 |
| 205 South Division Avenue Apts 205 Division Ave S, Grand Rapids 49503 | 9% | 30 | n/a | 2012 | 2027 or 2028 | 2042 or 2043 |
| 26 Cherry Street Apts 26 Cherry St SW, Grand Rapids 49503 | 9% | 34 | n/a | 2012 | 2027 or 2028 | 2042 or 2043 |
| 834 Lake Drive Apartments 834 Lake Drive, Grand Rapids 49506 | 4% and 9% | 37 | 37 | 2013 | 2027 or 2028 | 2042 or 2043 |
| Century Lofts Phase I 40 Logan St SW, Grand Rapids 49503 | 9% | 43 | n/a | 2012 | 2027 or 2028 | 2042 or 2043 |
| Century Lofts Phase II 40 Logan St NW, Grand Rapids | 9% | 44 | n/a | 2012 | 2027 or 2028 | 2042 or 2043 |
| Herkimer Apartments-division Avenue 309 South Division Avenue, Grand Rapids 49503 | 4% and 9% | 55 | 55 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Herkimer Commerce - Commerce Avenue 310 Commerce Avenue, Grand Rapids 49503 | 9% | 67 | 67 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Park Place Of Harper Woods 19460 Park Dr, Harper Woods 48225 | 4% and 9% | 132 | 131 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Bella Vista Glen 369 Glendale St, Highland Park 48203 | 4% and 9% | 138 | 138 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Foxfire 435 Peppertree Cir, Jackson | 4% and 9% | 160 | 160 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Stadium Drive 4249 Lakesedge Drive, Kalamazoo 49002 | 4% and 9% | 167 | 167 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Summer Haven Senior Community 4740 Breton Rd SE, Kentwood 49508 | 4% | 101 | 94 | 2014 | 2027 or 2028 | 2042 or 2043 |
| Manistee Place 297 Fifth Ave, Manistee 49660 | 4% and 9% | 46 | 46 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Lloyd House 927 First St, Menominee 49858 | 9% | 42 | n/a | 2012 | 2027 or 2028 | 2042 or 2043 |
| Bayview Tower 864 Spring St, Muskegon 49442 | 4% | 201 | 201 | 2014 | 2027 or 2028 | 2042 or 2043 |
| Jps Owosso 219 Cleveland Ave, Owosso 48867 | 4% and 9% | 44 | 44 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Palmer Pointe Townhomes 580 Palmer Dr, Pontiac 48342 | 9% | 24 | 24 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Meadowcrest Apts 24200 Lathrup Blvd, Southfield 48075 | 4% | 83 | 68 | 2014 | 2027 or 2028 | 2042 or 2043 |
| Green Meadows Apartments (Springport) 281 Green Street, Springport 49284 | 4% and 9% | 24 | 24 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Lakeside Towers 15000 Shoreline Dr, Sterling Heights 48313 | 4% and 9% | 115 | 114 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Kalamink Creek 392 West Grand River, Webberville 48892 | 4% and 9% | 24 | 24 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Bristle Arms Apts 210 S Elkhart St, White Pigeon 49099 | 4% and 9% | 24 | 24 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Hamilton Crossing Phase I 596 S Hamilton St, Ypsilanti 48197 | 4% | 70 | 70 | 2014 | 2027 or 2028 | 2042 or 2043 |
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: 2023, 2024, 2025, 2026, 2028, 2029, 2030, 2031, 2032.