Placed in service 2017
Michigan tax credit properties at Year 15 in 2031
HUD's database lists 40 Michigan properties placed in service in 2017, with 2,869 apartments (2,826 low-income). If the credit period started that year, the 15-year compliance periods end around 2031, and extended use runs to at least 2046 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Cranbrook Tower Apartments 2901 Northbrook Place, Ann Arbor 48103 | 4% | 202 | 202 | 2016 | 2031 or 2032 | 2046 or 2047 |
| West Arbor 701 N. Maple, Ann Arbor 48103 | 9% | 46 | 46 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Berrien Homes 1901 Council Drive, Benton Harbor 49022 | 4% and 9% | 160 | 160 | 2014 | 2031 or 2032 | 2046 or 2047 |
| Meadow Park 1835 Milton, Big Rapids 49307 | 4% and 9% | 24 | 24 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Metea Court 809 Rynearson Street, Buchanan 49107 | 4% and 9% | 100 | 80 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Enchanted Glen 466 South Burr Oak Road, Colon 49040 | 4% and 9% | 36 | 36 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Cavalier Greene 106 South Shiawassee Street, Corunna 48817 | 4% and 9% | 40 | 40 | 2015 | 2031 or 2032 | 2046 or 2047 |
| 28 West Grand River 28 W. Grand River Avenue, Detroit 48226 | 9% | 85 | 85 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Mack Ashland II 3673 Alter Rd, Detroit 48215 | 9% | 28 | 28 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Restoration Towers 16651 Lahser Road, Detroit 48219 | 9% | 147 | 147 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Les Cheneaux Apartments 825 S. 26th Street, Escanaba 49829 | 4% and 9% | 36 | 36 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Northwind Apartment Homes 132 North Indiana Avenue, Gaylord 49735 | 9% | 48 | 48 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Sheldon Place IV 831 W. Sheldon Street, Gaylord 49735 | 9% | 32 | 32 | 2016 | 2031 or 2032 | 2046 or 2047 |
| 20 Fulton Street East Apartments 20 Fulton Street, Grand Rapids 49503 | 9% | 23 | 23 | 2015 | 2031 or 2032 | 2046 or 2047 |
| 20 Fulton Street East II Apartments 20 Fulton Street, Grand Rapids 49503 | 9% | 22 | 22 | 2015 | 2031 or 2032 | 2046 or 2047 |
| 435 Lagrave At Tapestry Square 435 Lagrave Avenue SE, Grand Rapids 49503 | 9% | 20 | 16 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Grand View Place 936 Front Ave. NW, Grand Rapids 49504 | 9% | 68 | 68 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Lch36 Redevelopment Project 138, 303, 343, 349 S Division, Grand Rapids 49503 | 9% | 49 | 49 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Ahepa 371 26700 Crocker Boulevard, Harrison 48045 | 4% | 79 | 79 | 2020 | 2031 or 2032 | 2046 or 2047 |
| Center City Downtown Hillsdale 8 South Manning Street, Hillsdale 49242 | 9% | 40 | 40 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Prestwick Village Apartments 2363 N. Cedar Street, Holt 48842 | 9% | 66 | 66 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Copper Hills Apartments 901 Portage Street, Houghton 49931 | 4% and 9% | 56 | 56 | 2017 | 2031 or 2032 | 2046 or 2047 |
| Oak Hill Apartments 647 Crawford Street, Ionia 48846 | 4% and 9% | 24 | 24 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Otsego Apartments 102 Francis Street, Jackson 49201 | 4% | 76 | 76 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Manistique Lakeview Apartments 701 Park Avenue, Manistique 49854 | 4% and 9% | 40 | 40 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Grandview Marquette, The 600 Altamont Street, Marquette 49855 | 9% | 56 | 56 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Roosevelt Apartments 525 W. Summit, Muskegon Heights 49444 | 9% | 52 | 52 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Lincoln House 120 Michigan Avenue, Owosso 48867 | 4% and 9% | 28 | 28 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Berkshire - Paw Paw 308 E. Michigan Ave, Paw Paw 49079 | 9% | 42 | 42 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Miller Court Senior Apartments 205 Miller Street, Paw Paw 49079 | 4% and 9% | 81 | 81 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Unity Park Rentals II 333 Auburn Avenue, Pontiac 48342 | 9% | 12 | 12 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Portland School 306 Brush Street, Portland 48875 | 9% | 29 | 29 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Bridge Village 604 W Fourth Avenue, Sault Ste Marie 49783 | 4% | 100 | 100 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Mill Point Place 400 Liberty Street, Spring Lake 49456 | 9% | 24 | 19 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Castle St. Johns 110 E. Higham Street, St Johns 48879 | 9% | 30 | 24 | 2015 | 2031 or 2032 | 2046 or 2047 |
| River View Place Apartments 401 North Mill Street, St Louis 48880 | 9% | 24 | 24 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Walled Lake Villa 1035 Walled Lake Villa Drive, Walled Lake 48390 | 4% | 260 | 260 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Greenwood Villa 7600 Nankin Court, Westland 48185 | 4% | 298 | 291 | 2018 | 2031 or 2032 | 2046 or 2047 |
| Clark East Towers 1550 East Clark Road, Ypsilanti 48198 | 9% | 200 | 199 | 2015 | 2031 or 2032 | 2046 or 2047 |
| New Parkridge Homes 602 Armstrong Drive, Ypsilanti 48197 | 9% | 86 | 86 | 2015 | 2031 or 2032 | 2046 or 2047 |
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, 2030, 2032.