Placed in service 2013
Montana tax credit properties at Year 15 in 2027
HUD's database lists 7 Montana properties placed in service in 2013, with 200 apartments (199 low-income). If the credit period started that year, the 15-year compliance periods end around 2027, and extended use runs to at least 2042 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Haggerty Lane 1992 Cottage, Bozeman 59718 | 9% | 11 | 10 | 2012 | 2027 or 2028 | 2042 or 2043 |
| River Rock Residences 3225 Bedrock Drive, Helena 59602 | 4% | 33 | 33 | 2011 | 2027 or 2028 | 2042 or 2043 agency reports a 45-year period |
| Depot Place 249 Center Street, Kalispell 59901 | 9% | 40 | 40 | 2012 | 2027 or 2028 | 2042 or 2043 agency reports a 46-year period |
| Palace Apartments 149 West Broadway, Missoula 59802 | 4% and 9% | 60 | 60 | 2011 | 2027 or 2028 | 2042 or 2043 agency reports a 45-year period |
| Fort Peck Homes II 125 A St E, Poplar 59255 | 9% | 24 | 24 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Sweet Grass Apartments 720 St. Mary's Ave, Shelby 59474 | 9% | 12 | 12 | 2012 | 2027 or 2028 | 2042 or 2043 agency reports a 45-year period |
| Parkview Village 221 5th Street SW, Sidney 59270 | 9% | 20 | 20 | 2012 | 2027 or 2028 | 2042 or 2043 agency reports a 45-year period |
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 Montana: 2023, 2024, 2025, 2026, 2028, 2029, 2030, 2031, 2032.