Year Fifteen
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Placed in service 2009

Minnesota tax credit properties at Year 15 in 2023

HUD's database lists 22 Minnesota properties placed in service in 2009, with 1,326 apartments (1,043 low-income). If the credit period started that year, the 15-year compliance periods ended around 2023, and extended use runs to at least 2038 unless the agreement says later.

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026, projects placed in service through 2024), with HUD's 2024 data dictionary. "Allocated" is the year the agency allocated credits, often a year or more before the property opened. Compliance and extended-use years are estimates from the placed-in-service year; an owner may have started credits a year later, buildings in one project can differ, and extended use shown is the federal minimum; where the agency reported a period over 30 years, it's noted. "No longer monitored" means the agency flagged the property as out of its LIHTC monitoring.
PropertyCreditUnitsLow-incomeAllocatedCompliance endsExtended use at least to
Albertville Townhomes
Multiple Building Addressees, Albertville 55301		9%373620082023 or 20242038 or 2039
Bloomington Family Townhomes
Multiple Building Addresses, Bloomington 55437		4%202020082023 or 20242038 or 2039
The Crossings At Valley View
8735 Portland Ave S, Bloomington 55420		9%505020082023 or 20242038 or 2039
College Drive Townhouses
701-757 Brian Ln, Brainerd 56401		4% and 9%242320072023 or 20242038 or 2039
Franklin Center (Fka Franklin Artist Lofts)
1001 Kingwood St, Brainerd 56401		4%252520062023 or 20242038 or 2039
Chancellor Manor
Multiple Building Addresses, Burnsville 55306		9%20018920082023 or 20242038 or 2039
Leech Lake Homes V
Multiple Building Addresses, Cass Lake 56633		n/a505020082023 or 20242038 or 2039
Clover Field Marketplace (Fka The Sinclair)
2910 - 1913 Hemingway Dr, Chaska 55318		9%1175920062023 or 20242038 or 2039
Harbor View Phase III
Lake Ave And 12th St, Duluth 55805		9%413120072023 or 20242038 or 2039
Twin Ponds Family Townhomes
Multiple Building Addresses, Farmington 55024		9%252520072023 or 20242038 or 2039
Maple Village
9220 Zanzibar Ln N, Maple Grove 55311		9%545320082023 or 20242038 or 2039
Trails Edge Townhomes
Multiple Building Addresses, Maplewood 55109		9%484820082023 or 20242038 or 2039
Oak Ridge Manor -- Melrose
20 North 9th Avenue East, Melrose 56352		4%252420082023 or 20242038 or 2039
The Wellstone-(franklinportlandgateway Phase Iii)
620 Franklin Ave E, Minneapolis 55404		9%493720072023 or 20242038 or 2039
Van Cleve Apartments West
919 12th Avenue Southeast, Minneapolis 55414		9%505020082023 or 20242038 or 2039
The Arbors At Red Oak Preserve
50th Ave N And Iinterstate 694, Oakdale 55128		n/a292920072023 or 20242038 or 2039
Maple Hills Apartments
521 Maple Street, Red Wing 55066		4%969620082023 or 20242038 or 2039
Red Lake XI
Multiple Building Addresses, Redby 56670		4%303020072023 or 20242038 or 2039
Washington Village
950 11th Ave NW, Rochester 55901		9%676720082023 or 20242038 or 2039
Waterford Commons
2930 - 146th St W, Rosemount 55068		n/a1082420082023 or 20242038 or 2039
The Pointe At River Crossing
1375 Davern Street, Saint Paul 55116		4%1332920072023 or 20242038 or 2039
Interlaken Place
925 Airport Road, Waconia 55387		9%484820082023 or 20242038 or 2039

Watch one of these properties

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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 Minnesota: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.