Placed in service 2018
Michigan tax credit properties at Year 15 in 2032
HUD's database lists 36 Michigan properties placed in service in 2018, with 3,378 apartments (2,854 low-income). If the credit period started that year, the 15-year compliance periods end around 2032, and extended use runs to at least 2047 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Harbor City Flats (Aka Hayward Wells) 604 Eighth Street, Benton Harbor 49022 | 4% and 9% | 81 | 81 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Sharon Ann Apartments 533 Main Street, Chelsea 48118 | 4% and 9% | 17 | 17 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Dearborn Town Center Senior Apartments 4550 Calhoun St, Dearborn 48126 | 9% | 77 | 77 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Woda Decatur Downs 409 East Edgar Bergen Blvd., Decatur 49045 | 4% and 9% | 48 | 48 | 2016 | 2032 or 2033 | 2047 or 2048 |
| 124 Alfred 124 Alfred Street, Detroit 48201 | 9% | 54 | 54 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Central Towers Apartments 2520 Central Avenue, Detroit 48209 | 4% and 9% | 232 | 232 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Gardenview Estastes Phase 5 16726 Belton Avenue, Detroit 48228 | 4% | 97 | 97 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Himelhoch III 1545 Woodward Ave, Detroit 48226 | 4% and 9% | 36 | 36 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Kamper Stevens 1410 Washington Boulevard, Detroit 48226 | 4% | 165 | 165 | 2020 | 2032 or 2033 | 2047 or 2048 |
| Oakman Townhomes 2425 Ewald Circle, Detroit 48238 | 9% | 72 | 72 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Ryan Court II 2257 Ewald Circle, Detroit 48238 | 9% | 74 | 74 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Village Center I 901 Pallister, Detroit 48202 | 4% | 200 | 200 | 2022 | 2032 or 2033 | 2047 or 2048 |
| Wellington Square I 59 Seward, Detroit 48202 | 4% and 9% | 46 | 46 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Wellington Square II 59 Seward, Detroit 48202 | 9% | 45 | 45 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Bailey Center 300 Bailey Street, East Lansing 48823 | 9% | 30 | 25 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Renaissance Estates Of Ecorse 226 Hyacinth St, Ecorse 48229 | 9% | 74 | 74 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Lakeshore Village II 2812 Ontario Ct, Genoa Twp 48843 | 4% | 96 | 96 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Village At Rosy Mound 17283 Rosy Mound Lane, Grand Haven 49417 | 4% | 115 | 53 | 2019 | 2032 or 2033 | 2047 or 2048 |
| Diamond Place 1003 Michigan Street NE, Grand Rapids 49503 | 9% | 456 | 98 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Leo & Alpine 750 Leonard Street NW, Grand Rapids 49504 | 9% | 36 | 28 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Saint James Apartments 750, 765 And 779 First Street, Grand Rapids 49504 | 4% and 9% | 52 | 52 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Woodland Place 600 Water Street, Hart 49420 | 9% | 24 | 24 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Heather Gardens 2500 Heatherdowns Lane, Kalamazoo 49048 | 4% | 79 | 63 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Grandhaven Manor II 3215 West Mount Hope, Lansing 48911 | 4% | 78 | 34 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Walnut Park Apartments 635 West Willow Street, Lansing 48906 | 9% | 72 | 64 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Woda Lawrence Downs 595 South Paw Paw Street, Lawrence 49064 | 4% and 9% | 48 | 48 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Norman Towers 810 West Elm Street, Monroe 48162 | 4% and 9% | 109 | 105 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Berkshire Muskegon Senior Housing 275 W. Clay Ave., Muskegon 49442 | 9% | 84 | 68 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Jefferson Oaks 22001 Republic Avenue, Oak Park 48237 | 9% | 60 | 60 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Prentis II Apartments 15100 W. Ten Mile Road, Oak Park 48237 | 4% and 9% | 100 | 99 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Wexford Manor 350 North Main, Onsted 49265 | 4% and 9% | 24 | 24 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Newman Court Apts 630 Kettering, Pontiac 48342 | 4% | 172 | 172 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Unity Park Rentals IV 333 Auburn Avenue, Pontiac 48342 | 9% | 11 | 11 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Westchester Village Apts East 4000 Harold Street, Saginaw 48601 | 4% | 75 | 74 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Westchester Village North Apts 3200 Dale Road, Saginaw 48603 | 4% | 101 | 100 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Bethany Villa Apartments 1974 Jackson Dr, Troy 48083 | 4% | 238 | 238 | 2017 | 2032 or 2033 | 2047 or 2048 |
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, 2031.