Placed in service 2018
Minnesota tax credit properties at Year 15 in 2032
HUD's database lists 33 Minnesota properties placed in service in 2018, with 2,621 apartments (2,530 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 |
|---|---|---|---|---|---|---|
| Legends Of Apple Valley 14050 Granite Avenue, Apple Valley 55124 | 4% | 163 | 163 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Park Place Of Bemidji 600 3rd St NW, Bemidji 56601 | 4% | 60 | 60 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Main Street Flats 312 Main Street North, Cambridge 55008 | 4% | 28 | 28 | 2018 | 2032 or 2033 | 2047 or 2048 |
| Legends Of Champlin Apartments 11635 Theatre Dr, Champlin 55316 | 4% | 184 | 184 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Legends Of Columbus Heights 3700 Huset Parkway, Columbia Heights 55421 | 4% | 191 | 191 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Drake Apartments 10021 Drake St NW, Coon Rapids 55433 | 4% | 48 | 48 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Agassiz Townhomes 1601 N Broadway, Crookston 56716 | 9% | 30 | 30 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Heritage Senior Apartments 700 Cmmonwealth Avenue, Duluth 55808 | 4% | 61 | 60 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Minnetonka Affordable Housing 5400 Smetana Dr, Golden Valley 55422 | 4% | 54 | 54 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Lady Luck Estates 504, 506, 510 Mission Creek Circle, Hinckley 55037 | 9% | 28 | 27 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Oxford Village 439 Blake Rd N, Hopkins 55343 | 9% | 51 | 50 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Dublin Crossing 920 Patriot Dr, Mankato 56001 | 4% | 50 | 50 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Maple Pond Homes 1819 Beebe Rd, Maplewood 55109 | 4% | 168 | 168 | 1998 | 2032 or 2033 | 2047 or 2048 |
| Albright Townhomes 3051 Pillsbury Avenue South, Minneapolis 55408 | 4% | 89 | 89 | 2018 | 2032 or 2033 | 2047 or 2048 |
| Ppl Youthlink Supportive Housing 1205 Chestnut Avenue, Minneapolis 55403 | 9% | 47 | 46 | 2016 | 2032 or 2033 | 2047 or 2048 agency reports a 15-year period |
| Bright Sky Apartments (Fka Churches United) 3305 3rd Ave N, Moorhead 56560 | 4% and 9% | 43 | 43 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Mysa House 141 Vallhalla Circle, Mora 55051 | 4% | 24 | 23 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Pike Lake Marsh 4489 Marsh Dr NE, Prior Lake 55372 | 9% | 68 | 68 | 2017 | 2032 or 2033 | 2047 or 2048 |
| The Grainwood 5119 Gateway St SE, Prior Lake 55372 | 4% | 168 | 168 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Greenway Terrace 7562 146th Avenue NW, Ramsey 55303 | 9% | 54 | 54 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Trailside Acres (Fka Halter Acres I - Ii) Multiple Building Addresses, Red Wing 55066 | 4% and 9% | 48 | 44 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Red Lake Homes XIII 18357 Mcbrides South Ext Road, Redby 56670 | 9% | 35 | 35 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Amorce II 3755 Hubbard Ave, Robbinsdale 55422 | 4% | 86 | 86 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Flats On 4th (Fka The Buckeye) 412 3rd Ave SE, Rochester 55904 | 4% | 92 | 20 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Fontaine Towers 102 2nd St SE, Rochester 55904 | 4% | 151 | 151 | 2018 | 2032 or 2033 | 2047 or 2048 |
| Valleyhigh Flats 3433 Kenosha Dr NW, Rochester 55901 | 9% | 60 | 60 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Como By The Lake 901 East Como Blvd, Saint Paul 55103 | 4% | 99 | 91 | 2018 | 2032 or 2033 | 2047 or 2048 |
| Euclid View Flats 234-238 Bates Avenue, Saint Paul 55106 | 4% | 12 | 12 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Press House 345 Cedar Street, Saint Paul 55101 | 4% | 144 | 144 | 2017 | 2032 or 2033 | 2047 or 2048 agency reports a 5-year period |
| Legends Of Spring Lake Park 1066 County Highway 10, Spring Lake Park 55432 | 4% | 194 | 194 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Solae Apartments 2005 Sunrise Drive, St. Peter 56082 | 4% | 30 | 29 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Bois Forte Homes III 6466 / 6468 Red Pine Way, Tower 55790 | 9% | 20 | 20 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Ivy Manor Apartments (Fka Lasalle Apartments) 201 5th Ave N, Virginia 55792 | 4% | 41 | 40 | 2016 | 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 Minnesota: 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031.