Placed in service 2013
Nevada tax credit properties at Year 15 in 2027
HUD's database lists 8 Nevada properties placed in service in 2013, with 377 apartments (336 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 |
|---|---|---|---|---|---|---|
| Sage West I & II 1002 West Sage, Elko 89801 | 4% and 9% | 55 | 55 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Dr. Luther Mack Jr. Senior Apartments 8158 Giles St, Las Vegas 89123 | 9% | 48 | 48 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Lone Mountain Senior Apts 4652 N Rainbow Blvd, Las Vegas 89108 | 4% and 9% | 75 | 65 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Santa Barbara Palms 2 4880 Santa Barbara St, Las Vegas 89121 | 4% and 9% | 42 | 35 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Lovelock Manor/ Rosewood Apts 500 Meadow Ln, Lovelock | n/a | 24 | n/a | n/a | 2027 or 2028 | 2042 or 2043 |
| Rosewood Village Apartments 500 Meadow Lane, Lovelock 89419 | 4% and 9% | 24 | 24 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Arbor Cove @ Virginia Lake 2350 Lymberry Street, Reno 89509 | 4% and 9% | 66 | 66 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Aspen Village 1401 Sullivan Ln, Sparks 89436 | 4% and 9% | 43 | 43 | 2012 | 2027 or 2028 | 2042 or 2043 |
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 Nevada: 2023, 2024, 2025, 2026, 2028, 2029, 2030, 2031, 2032.