Year Fifteen
Menu

Placed in service 2010

Mississippi tax credit properties at Year 15 in 2024

HUD's database lists 9 Mississippi properties placed in service in 2010, with 924 apartments (918 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
Timber Creek Estates Phase I
6444 Allegheny Dr, Biloxi 39532		9%1009920082024 or 20252039 or 2040
Timber Creek Estates Phase II
13221 Rocky Mountain Dr, Biloxi 39532		9%1009920072024 or 20252039 or 2040
Crosscreek Apts
694 Red Dog Rd, Carthage 39051		TCEP only525120082024 or 20252039 or 2040
Emerald Pines Apts
3318 39th Ave, Gulfport 39501		4%12012020072024 or 20252039 or 2040
Franklin Point Apts
12400 Depew Rd, Gulfport 39503		9%14414420082024 or 20252039 or 2040
Village Place Apts
18059 Robinson Rd, Gulfport 39503		9%969620082024 or 20252039 or 2040
Glendale Apts
948 F St, Kosciusko 39090		9%727220072024 or 20252039 or 2040
Gates At Coralbay
616 Hwy 90, Waveland 39576		9%16015720082024 or 20252039 or 2040
Oak Haven Apts
1201 Russell Dr, Waveland 39576		9%808020062024 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 Mississippi 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 Mississippi: 2023, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.