Placed in service 2016
Nevada tax credit properties at Year 15 in 2030
HUD's database lists 10 Nevada properties placed in service in 2016, with 768 apartments (768 low-income). If the credit period started that year, the 15-year compliance periods end around 2030, and extended use runs to at least 2045 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Russell Senior Apts. Ph. II Russell Road, Las Vegas 89122 | 9% | 75 | 75 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Summerhill 3630 Owens Ave, Las Vegas 89110 | 4% | 221 | 221 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Vera Johnson 503 N Lamb Blvd., Las Vegas 89110 | 9% | 112 | 112 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Kingsbury Village 1770 Pinewood Drive, Minden 89423 | 4% and 9% | 36 | 36 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Carefree Living Lincoln County 236 South 4th Street, Panaca 89042 | 4% and 9% | 52 | 52 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Terracina Reno 2175 Sierra Highlands Dr., Reno 89523 | 4% and 9% | 140 | 140 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Village At North 925 N. Virginia Street, Reno 89503 | 4% and 9% | 25 | 25 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Lincoln Way 618 4th Street, Sparks 89431 | 4% and 9% | 45 | 45 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Larios Arrms II 242 W. Minor Street, Winnemucca 89445 | 9% | 30 | 30 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Sonoma Springs 1100 Hanson Street, Winnemucca 89445 | 9% | 32 | 32 | 2015 | 2030 or 2031 | 2045 or 2046 |
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, 2027, 2028, 2029, 2031, 2032.