Placed in service 2016
Michigan tax credit properties at Year 15 in 2030
HUD's database lists 34 Michigan properties placed in service in 2016, with 3,594 apartments (3,347 low-income). If the credit period started that year, the 15-year compliance periods end around 2030, and extended use runs to at least 2045 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Maple Village 1221 S Main, Adrian 49221 | 4% | 200 | 200 | 2018 | 2030 or 2031 | 2045 or 2046 |
| Arbordale Rehabilitation Apartments 1010 Arbordale, Ann Arbor 48103 | 4% and 9% | 39 | 39 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Parkway Meadows 2575 Sandalwood Circle, Ann Arbor 48105 | 4% | 350 | 350 | 2017 | 2030 or 2031 | 2045 or 2046 |
| Mill Pond Manor 614 North 2nd Street, Brighton 48116 | 4% and 9% | 58 | 58 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Lake Harbor Apartments 637 Petoskey Avenue, Charlevoix 49720 | 4% and 9% | 24 | 24 | 2015 | 2030 or 2031 | 2045 or 2046 |
| City Hall Artist Lofts 13615 Michigan Avenue, Dearborn 48126 | 4% and 9% | 53 | 53 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Charlotte Apartments 644 Charlotte, Detroit 48201 | 4% and 9% | 27 | 27 | 2013 | 2030 or 2031 | 2045 or 2046 |
| Colony And Fisher Arms Apartments 9303 East Jefferson Avenue, Detroit 48214 | 4% and 9% | 161 | 161 | 2013 | 2030 or 2031 | 2045 or 2046 |
| Strathmore Apartments 70 Alexandrine Streer West, Detroit 48201 | 4% and 9% | 129 | 59 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Treymore Apartments 457 Brainard, Detroit 48201 | 4% | 28 | 28 | 2018 | 2030 or 2031 | 2045 or 2046 |
| Grafton Townhomes 14800 E. Nine Mile Rd., Eastpointe 48021 | 9% | 48 | 48 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Swayze Court Apartments 313 West Court Street, Flint 48502 | 4% and 9% | 36 | 36 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Fraser Woods 17195 Fraser Woods Drive, Fraser 48026 | 4% | 241 | 240 | 2018 | 2030 or 2031 | 2045 or 2046 |
| Breton Village Green 2305 Burton SE, Grand Rapids 49506 | 4% | 162 | 162 | 2017 | 2030 or 2031 | 2045 or 2046 |
| Marsh Ridge (I & Ii) 470 Marsh Ridge Dr NW, Grand Rapids 49504 | 4% | 150 | 119 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Stonebrook Townhomes I & II 1880 Stonebrook Drive, Grand Rapids 49505 | 4% | 150 | 102 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Village Of Hillside, The 305 W. Main Street, Harbor Springs 49740 | 9% | 32 | 24 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Elaine Apartments 101 East Michigan Avenue, Jackson 49201 | 4% and 9% | 33 | 33 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Heritage Lane Residences 117 West Street, Jonesville 49250 | 9% | 44 | 44 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Riverfront 501 N Cedar St, Lansing 48912 | 4% | 278 | 212 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Willow Haven II 855 S. Bridge Street, Linden 48451 | 9% | 20 | 19 | 2014 | 2030 or 2031 | 2045 or 2046 |
| West Creek Terrace 100 East Elm Street, Mcbain 49657 | 4% and 9% | 20 | 20 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Marsh Pointe 5895 Marsh Road, Meridian Twp 48840 | 4% | 108 | 108 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Village Pines Of Monroe 1600 Park Court, Monroe 48162 | 4% and 9% | 190 | 189 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Parkview Apartments (Niles) 613 N Front St, Niles 49120 | 4% and 9% | 80 | 80 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Unity Park Rentals III 176 S. Paddock, Pontiac 48342 | 9% | 12 | 12 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Mcdonnell Tower 2575 Sandalwood Circle, Southfield 48034 | 4% and 9% | 162 | 162 | 2014 | 2030 or 2031 | 2045 or 2046 |
| River Park Place (Southfield) 24300 Civic Center Dr, Southfield 48034 | 4% | 245 | 244 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Mill Creek Apartments 411-415-419 Mill Street, Standish 48658 | 4% and 9% | 24 | 24 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Gateway Village Sturgis 101 Gateway Village Drive, Sturgis 49091 | 9% | 100 | 80 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Village Manor 1302 Laura Drive, Sturgis 49091 | 4% | 122 | 122 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Carson Square 800-900 Block Of Carson Street, Traverse City 48686 | 9% | 36 | 36 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Adams Senior Village Apartments 2001 Kaley, Westland 48186 | 4% and 9% | 120 | 120 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Strong Housing 118 S. Grove, Ypsilanti 48197 | 9% | 112 | 112 | 2014 | 2030 or 2031 | 2045 or 2046 |
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, 2028, 2029, 2031, 2032.