Placed in service 2017
Minnesota tax credit properties at Year 15 in 2031
HUD's database lists 40 Minnesota properties placed in service in 2017, with 3,224 apartments (2,974 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 |
|---|---|---|---|---|---|---|
| Whitney Grove Townhomes 7710 Whitney Drive, Apple Valley 55124 | 4% | 56 | 55 | 2017 | 2031 or 2032 | 2046 or 2047 |
| Park Haven Apts. (Aka Carriage House Associates) 6917 76th Ave N, Brooklyn Park 55428 | 4% | 176 | 176 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Creeks Run Townhomes - Phase II 525-535 Yellow Brick Circle, Chaska 55318 | 9% | 36 | 36 | 2016 | 2031 or 2032 | 2046 or 2047 |
| River North 10940 Crooked Lake Blvd. NW, Coon Rapids 55433 | 4% | 167 | 167 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Legends Of Cottage Grove 6999 East Point Douglas Road South, Cottage Grove 55016 | 4% | 184 | 184 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Balsam Apartments 13680 Balsam Lane North, Dayton 55327 | 9% | 49 | 49 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Gateway Tower 600 Superior St W, Duluth 55802 | 4% and 9% | 150 | 150 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Prairie Meadows 11345, 11355, 11365 Westwind Dr, Eden Prairie 55344 | 4% | 168 | 164 | 2017 | 2031 or 2032 | 2046 or 2047 |
| 66 West 3330 66th St W, Edina 55435 | 4% | 39 | 39 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Cornerstone Creek 9300-9310 Golden Valley Rd, Golden Valley 55427 | 9% | 45 | 45 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Artspace Hastings Lofts 121 Tyler Street, Hastings 55033 | 9% | 37 | 37 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Hopkins Village 9 7th Ave S, Hopkins 55343 | 4% | 161 | 156 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Lakeville Pointe 18010 Kenwood Trl, Lakeville 55044 | 9% | 49 | 49 | 2017 | 2031 or 2032 | 2046 or 2047 |
| Park Terrace 415 5th St NW, Mahnomen 56572 | n/a | 18 | 17 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Hickory Ridge 6316 Quinwood Ln N, Maple Grove 55369 | 4% and 9% | 32 | 32 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Clare Marshall Flats 2525 2nd Street NE, Minneapolis 55418 | 9% | 36 | 36 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Hawthorne Ecovillage 617 Lowry Avenue North, Minneapolis 55411 | 4% | 75 | 75 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Millworks Lofts 4041 Hiawatha Avenue South, Minneapolis 55406 | 4% | 78 | 78 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Opportunity Housing 706 1st Avenue North, Minneapolis 55403 | 4% and 9% | 116 | 116 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Prg 2 Portfolio 2730 Portland Ave S, Minneapolis 55408 | 9% | 49 | 49 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Prg I 3708 Elliot Avenue South, Minneapolis 55407 | 9% | 42 | 42 | 2016 | 2031 or 2032 | 2046 or 2047 agency reports a 15-year period |
| Veterans East 5019 E 54th St, Minneapolis 55417 | 4% | 100 | 100 | 2015 | 2031 or 2032 | 2046 or 2047 |
| The Chase At Nine Mile Creek (Fka Rowland Apts) 5709 Rowland Rd, Minnetonka 55431 | 4% | 106 | 22 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Park View Terrace 100 3rd St N, Moorhead 56560 | 4% and 9% | 120 | 120 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Balsam Hill Apts And Th (Fka Indian Knoll) 2020 Commerce Blvd, Mound 55364 | 9% | 66 | 66 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Red Rock Square Apartments 150 Red Rock Crossing, Newport 55055 | 9% | 42 | 42 | 2016 | 2031 or 2032 | 2046 or 2047 |
| North - South Oak Apartments 600 Spring St N, Northfield 55057 | 4% and 9% | 43 | 42 | 2016 | 2031 or 2032 | 2046 or 2047 |
| The Meadows Townhomes 920 Coney St W, Perham 56573 | 4% | 24 | 23 | 2016 | 2031 or 2032 | 2046 or 2047 |
| 1st Avenue Flats 400 1st Ave NW, Rochester 55901 | 4% | 68 | 68 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Gage East Apartments 920 40th St NW, Rochester 55901 | 4% | 55 | 55 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Tamarack Place 1105 3rd Avenue SW, Roseau 56751 | 4% | 41 | 18 | 2014 | 2031 or 2032 | 2046 or 2047 |
| The Shoreham On France 3030 France Ave S, Saint Louis Park 55416 | 4% | 148 | 30 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Cornerstone Village II 39 St. Michael Pkwy W, Saint Michael 55376 | 9% | 49 | 49 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Brownstone Lofts 839 University Avenue, Saint Paul 55104 | 4% | 35 | 35 | 2016 | 2031 or 2032 | 2046 or 2047 |
| East Side Apartments 1256 Wilson Avenue, Saint Paul 55106 | 4% | 114 | 113 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Hanover Townhomes 408 Farrington Street, Saint Paul 55103 | 4% | 96 | 96 | 2017 | 2031 or 2032 | 2046 or 2047 |
| Higher Ground I Saint Paul 235 5th St W, Saint Paul 55102 | 4% | 193 | 183 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Jamestown Homes 586 Central Avenue West, Saint Paul 55103 | 4% and 9% | 73 | 73 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Villa Del Sol 88 Cesar Chavez, Saint Paul 55107 | 9% | 40 | 40 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Grand Terrace Apartments 1585 Grand Ave, Worthington 56187 | 4% | 48 | 47 | 2016 | 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 Minnesota: 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2032.