Year Fifteen
Menu

Placed in service 2010

Minnesota tax credit properties at Year 15 in 2024

HUD's database lists 13 Minnesota properties placed in service in 2010, with 718 apartments (668 low-income). If the credit period started that year, the 15-year compliance periods ended around 2024, and extended use runs to at least 2039 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
Grand Oaks Court Townhomes
Multiple Building Addresses, Baxter 56425		9%242320092024 or 20252039 or 2040
Ewing Square Townhomes
Multiple Building Addresses, Brooklyn Center 55429		4% and 9%232220092024 or 20252039 or 2040
Normandy Townhomes
Multiple Building Addresses, Cambridge 55008		9%303020092024 or 20252039 or 2040
Meadowlark Townhomes
Multiple Building Addresses, Lakeville 55044		9%404020082024 or 20252039 or 2040
River Rock Townhomes
1414 - 5th Avenue SE, Little Falls 56345		TCEP only242320092024 or 20252039 or 2040
Audubon Crossing
951 Lowry Avenue Northeast, Minneapolis 55418		9%303020082024 or 20252039 or 2040
agency reports a 15-year period
Creekside Commons
115 East 54th Street, Minneapolis 55419		9%303020082024 or 20252039 or 2040
North Side Community
610 North Logan Avenue, Minneapolis 55411		9%626220102024 or 20252039 or 2040
Granada Lakes Townhomes
3915 Granada Way North, Oakdale 55128		4% and 9%686820092024 or 20252039 or 2040
Centennial Gardens East - West
Multiple Building Addresses, Roseville 55113		4%19014420072024 or 20252039 or 2040
Minnesota Place
46 East Fourth Street, Saint Paul 55101		TCEP only777720082024 or 20252039 or 2040
Minnesota Vistas
46 East Fourth Street, Saint Paul 55101		TCEP only606020102024 or 20252039 or 2040
Hoffman Place
3656 Hoffman Rd, White Bear Lake 55110		9%605920092024 or 20252039 or 2040

Watch one of these properties

Pick a property and we'll email when it moves closer to Year 15 (inside two years, then inside one) or when HUD's record for it changes in a new release. Every Minnesota property is in the download on the data page.

Alert emails haven't started on this site yet. Your sign-up is saved, and when sending starts the first email asks you to confirm.

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: 2023, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.