Placed in service 2014
Michigan tax credit properties at Year 15 in 2028
HUD's database lists 27 Michigan properties placed in service in 2014, with 2,364 apartments (1,429 low-income). If the credit period started that year, the 15-year compliance periods end around 2028, and extended use runs to at least 2043 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Cadillac Shores 600 Cadillac Shores Drive, Cadillac 49601 | 4% and 9% | 110 | 110 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Elmwood Park 1030 Woodale, Delta Twp 48917 | 4% | 156 | 156 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Emerald Springs II 5825 Emerald Springs Cir, Detroit 48212 | 4% | 48 | n/a | 2013 | 2028 or 2029 | 2043 or 2044 |
| St. Antoine Gardens 5203 Chrysler Drive, Detroit 48202 | 4% and 9% | 146 | 136 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Woodbridge Estates Apts VI 4106 Supremes Dr, Detroit 48201 | 9% | 46 | 46 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Vineyard Place 508 Vineyard Place Drive, Dowagiac 49047 | 4% | 120 | 120 | 2014 | 2028 or 2029 | 2043 or 2044 |
| 240 Ionia Avenue Apts 240 Ionia Ave SW, Grand Rapids 49503 | 9% | 40 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| Southtown Square 413 Hall Street SE, Grand Rapids 49507 | 9% | 44 | 44 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Stuyvesant Apts 401 Cherry St SE, Grand Rapids 49503 | 4% and 9% | 87 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| Genesis West 4041 44th St SW, Grandville 49418 | 9% | 25 | n/a | 2013 | 2028 or 2029 | 2043 or 2044 |
| Lake Pointe 26 N State St, Hart 49420 | 9% | 25 | 25 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Village At Appledorn Ii, The 420 Ida Red Parkway, Holland 49423 | 9% | 93 | 41 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Apple Blossom Apts 218 W Cayuga St, Iron River 49935 | 9% | 18 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| New Village Park 2400 St Albans Way, Kalamazoo 49048 | 4% and 9% | 152 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| Sandy Pines Apartments 748 S. Cedar Street, Kalkaska 49646 | 4% and 9% | 50 | 50 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Lansing Manor 5600 Mall Dr W, Lansing 48917 | 4% | 84 | n/a | 2014 | 2028 or 2029 | 2043 or 2044 |
| Somerset Apts 1401 W Holmes Rd, Lansing 48910 | 4% and 9% | 100 | 100 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Lincoln Park Lofts 1583 East Fort Street, Lincoln Park 48146 | 4% and 9% | 38 | 38 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Cedarshores Apartments 5280 Cedarshores Blvd, Mt Morris 48504 | 4% and 9% | 144 | 144 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Prentis I Apts 15100 W 10 Mile Rd, Oak Park 48237 | 4% and 9% | 96 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| Jps Perry 160 N. Washington St., Perry 48872 | 4% | 72 | 71 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Unity Park Rentals 247 E. Judson, Pontiac 48343 | 9% | 32 | 32 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Centre Street Village 2083 E Centre Ave, Portage 49002 | 4% | 64 | 20 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Milham Meadows Apartments 6103 Mallard Circle, Portage 49024 | 4% and 9% | 300 | 296 | 2013 | 2028 or 2029 | 2043 or 2044 |
| East Side Manor 239 Roberts St, Sandusky 48471 | 4% | 51 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
| Tivoli Manor 28103 Imperial Dr, Warren 48093 | 4% | 79 | n/a | 2013 | 2028 or 2029 | 2043 or 2044 |
| Westgate Tower 34567 Elmwood St, Westland 48185 | 4% and 9% | 144 | n/a | 2012 | 2028 or 2029 | 2043 or 2044 |
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, 2027, 2029, 2030, 2031, 2032.