Placed in service 2009
New Jersey tax credit properties at Year 15 in 2023
HUD's database lists 47 New Jersey properties placed in service in 2009, with 4,249 apartments (3,583 low-income). If the credit period started that year, the 15-year compliance periods ended around 2023, and extended use runs to at least 2038 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Asbury Towers 1701 Ocean Ave, Asbury Park 07712 · no longer monitored | n/a | 347 | 0 | n/a | 2023 or 2024 | 2038 or 2039 |
| Asbury Tower 1701 Ocean Avenue, Asbury Park City 07712 | n/a | 347 | 330 | n/a | 2023 or 2024 | 2038 or 2039 |
| Atlantic Marina 818 North Maryland Avenue, Atlantic City 08401 | n/a | 295 | 287 | n/a | 2023 or 2024 | 2038 or 2039 |
| Townhouse Terrace East I 1400 Adams Court, Atlantic City 08401 | n/a | 82 | 80 | n/a | 2023 or 2024 | 2038 or 2039 |
| Patriot's Cove 575 North Main Street, Barnegat 08005 | 4% | 46 | 46 | n/a | 2023 or 2024 | 2038 or 2039 |
| Patriot's Cove 5 Union Boulevard, Barnegat Twp. 08005 · no longer monitored | n/a | 46 | 46 | n/a | 2023 or 2024 | 2038 or 2039 |
| Gloucester Township Senior Campus 405 Woodbury Turnersville Rd, Blackwood 08012 | n/a | 75 | 75 | 2007 | 2023 or 2024 | 2038 or 2039 |
| John O Parker Hall 697 Ferry Ave, Camden 08104 | n/a | 77 | n/a | 2008 | 2023 or 2024 | 2038 or 2039 |
| Litc#0808 John O Parker Hall 697 Ferry Ave, Camden 08104 | n/a | 77 | 77 | 2008 | 2023 or 2024 | 2038 or 2039 |
| North Camden Land Trust 539 State St, Camden 08102 · no longer monitored | n/a | 89 | n/a | 2007 | 2023 or 2024 | 2038 or 2039 |
| North Camden Land Trust Project 539 State Street, Camden 08102 · no longer monitored | 4% | 88 | 88 | n/a | 2023 or 2024 | 2038 or 2039 |
| Roosevelt Manor - Phase 12 816 Central Avenue, Camden 08104 | 9% | 70 | 70 | n/a | 2023 or 2024 | 2038 or 2039 |
| John O. Parker, Jr. Hall 700 Ferry Ave., Camden City 08104 · no longer monitored | n/a | 77 | 77 | n/a | 2023 or 2024 | 2038 or 2039 |
| Market Fair 301-307 Market St, 1250-1276 Collings Rd, Camden City 08104 | n/a | 71 | 71 | n/a | 2023 or 2024 | 2038 or 2039 |
| Roosevelt Manor - Phase 12 813 Ferry Avenue, Camden City 08104 · no longer monitored | n/a | 70 | 70 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Horizons At Clifton III #0748 100 Scales Plz, Clifton 07013 | n/a | 104 | 104 | n/a | 2023 or 2024 | 2038 or 2039 |
| Litc#0748 Horizons At Clifton III 100 Scales Plz, Clifton 07013 | n/a | 104 | 104 | n/a | 2023 or 2024 | 2038 or 2039 |
| Horizons At Clifton III 672 Van Houten Avenue, Clifton Twp. 07013 · no longer monitored | n/a | 104 | 104 | n/a | 2023 or 2024 | 2038 or 2039 |
| East Orange General Hospital Supportive Hsg. 80 S Munn Ave, East Orange 07018 | n/a | 24 | 24 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Sharp Road Family Housing 200 Sharp Road, Evesham Twp. 08054 · no longer monitored | n/a | 104 | 104 | n/a | 2023 or 2024 | 2038 or 2039 |
| Ewing Independent Living Litc#0752 1015 Whitehead Road Ext, Ewing 08638 | n/a | 72 | 72 | n/a | 2023 or 2024 | 2038 or 2039 |
| Ewing Independent Living 1015 Whitehead Road Extension, Ewing Twp. 08638 · no longer monitored | n/a | 72 | 72 | n/a | 2023 or 2024 | 2038 or 2039 |
| Franklin Senior 1 Mill Street, Franklin 07416 · no longer monitored | n/a | 94 | 94 | n/a | 2023 or 2024 | 2038 or 2039 |
| Litc#0755 Franklin Senior House 1 Mill St, Franklin 07416 | n/a | 94 | 94 | n/a | 2023 or 2024 | 2038 or 2039 |
| Litc#0755 Franklin Senior Housing 1 Mill St, Franklin 07416 | n/a | 94 | 94 | n/a | 2023 or 2024 | 2038 or 2039 |
| Berry Street Commons 42 And 48 Berry Street, Franklin Twp. 08873 | n/a | 94 | 94 | 2007 | 2023 or 2024 | 2038 or 2039 |
| A. Harry Moore Phase II 320-340 Duncan Avenue, Jersey City 07306 | n/a | 78 | 71 | 2008 | 2023 or 2024 | 2038 or 2039 |
| Litc#06914 Royal Oaks Appartments 259 Pine Brook Dr, Mantua 08051 | n/a | 58 | 57 | 2006 | 2023 or 2024 | 2038 or 2039 |
| Sharp Road Family Housing 1 Seneca Court, Marlton 08053 · no longer monitored | 9% | 104 | 104 | n/a | 2023 or 2024 | 2038 or 2039 |
| Sharp Road Family Housing Litc# 07905 1 Seneca Ct Ofc, Marlton 08053 | n/a | 104 | 104 | 2007 | 2023 or 2024 | 2038 or 2039 |
| Genesis Newark 60 Mount Pleasant Ave, Newark 07104 · no longer monitored | n/a | 51 | n/a | 2008 | 2023 or 2024 | 2038 or 2039 |
| Genesis Newark Litc# 0812 60-68 Mt. Pleasant Ave, Newark 07104 | n/a | 51 | 50 | 2009 | 2023 or 2024 | 2038 or 2039 |
| Newark Genesis Apartments 62 Mount Pleasant Avenue, Newark 07104 · no longer monitored | 9% | 50 | 50 | n/a | 2023 or 2024 | 2038 or 2039 |
| Brick Towers - Phase I 671 - 683 Martin Luther King, Jr. Blvd, Newark City 07103 · no longer monitored | n/a | 80 | 79 | n/a | 2023 or 2024 | 2038 or 2039 |
| Newark Genesis Apartments 60 Mt. Pleasant Ave, Newark City 07104 | n/a | 51 | 50 | n/a | 2023 or 2024 | 2038 or 2039 |
| Roselle Senior 408 Grand Street, Roselle 07203 · no longer monitored | n/a | 46 | 46 | n/a | 2023 or 2024 | 2038 or 2039 |
| Roselle Senior Residence Facility 408 Grand St, Roselle 07203 | n/a | 46 | 46 | n/a | 2023 or 2024 | 2038 or 2039 |
| Whispering Waters Phase II 469 Grieves Pkwy, Salem 08079 | n/a | 140 | 138 | 2008 | 2023 or 2024 | 2038 or 2039 |
| #733 Hillcrest Manor 2097 Highway 35, South Amboy 08879 · no longer monitored | n/a | 62 | 0 | n/a | 2023 or 2024 | 2038 or 2039 |
| Hillcrest Manor 2097 State Route 35, South Amboy City 08879 | n/a | 62 | 62 | n/a | 2023 or 2024 | 2038 or 2039 |
| Stafford Park 255 Market Street, Stafford Twp. 08050 | n/a | 112 | 112 | 2008 | 2023 or 2024 | 2038 or 2039 |
| #06911 Kennedy Towers II 432 62nd St, West New York 07093 | n/a | 70 | 70 | 2006 | 2023 or 2024 | 2038 or 2039 |
| Kennedy Towers II (Aka West New York Senior Housing) 434 62nd Street, West New York 07093 · no longer monitored | 9% | 70 | 70 | n/a | 2023 or 2024 | 2038 or 2039 |
| Kennedy Towers II (Aka West New York Senior Housing) 432-440 62nd Street, West New York Town 07093 · no longer monitored | n/a | 70 | 70 | 2006 | 2023 or 2024 | 2038 or 2039 |
| Conifer Village At Deptford 485 Deptford Avenue, Westville 08096 | n/a | 91 | 91 | 2008 | 2023 or 2024 | 2038 or 2039 |
| #05908 - Ucp At Tewksbury 800 Fisher Rd, Whitehouse Station 08889 | n/a | 18 | 18 | n/a | 2023 or 2024 | 2038 or 2039 |
| Ucp At Tewksbury 159 Oldwick Rd, Whitehouse Station 08889 · no longer monitored | n/a | 18 | 18 | n/a | 2023 or 2024 | 2038 or 2039 |
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 New Jersey: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.