Placed in service 2014
New Jersey tax credit properties at Year 15 in 2028
HUD's database lists 23 New Jersey properties placed in service in 2014, with 2,464 apartments (2,402 low-income). If the credit period started that year, the 15-year compliance periods end around 2028, and extended use runs to at least 2043 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Brigantine Apartments 1062 Brigantine Blvd, Atlantic City 08401 | 4% | 160 | 160 | n/a | 2028 or 2029 | 2043 or 2044 |
| Brigantine Homes 1062 Brigantine Blvd., Atlantic City 08401 | n/a | 160 | 160 | n/a | 2028 or 2029 | 2043 or 2044 |
| Broadway Townhouses 707a Broadway, Camden 08103 | n/a | 175 | 175 | n/a | 2028 or 2029 | 2043 or 2044 |
| Mciver Homes 111 South Munn Avenue, East Orange 07018 | n/a | 87 | 86 | n/a | 2028 or 2029 | 2043 or 2044 |
| Egg Harbor Hotel Conversion Aka Atrium Apartments 6821 East Black Horse Pike, Egg Harbor Township 08234 | 9% | 86 | 86 | n/a | 2028 or 2029 | 2043 or 2044 |
| Penny Point Park 3115 Hingston Avenue, Egg Harbor Twp 08234 | n/a | 152 | 152 | n/a | 2028 or 2029 | 2043 or 2044 |
| Westminster Heights #1101 420 Irvington Ave, Elizabeth 07208 | n/a | 84 | 83 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Voorhees Station 853-863 Somerset Street, 140 Fuller Street, 27 Voorhees Avenue, 827 Somerset Street, 14 And 18 Camner Street, Franklin Township 08873 | n/a | 76 | 61 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Freedom Village At Hopewell 770 Denow Road (In Site Evaluator As Pennington Nj 08534), Hopewell 08638 | n/a | 72 | 72 | 2013 | 2028 or 2029 | 2043 or 2044 |
| St.bridget's Senior Residence #1109 372 Montgomery St, Jersey City 07302 | n/a | 44 | 44 | 2015 | 2028 or 2029 | 2043 or 2044 |
| Woodrow Wilson Ph. III 11 Wardell Place, Long Branch 07740 | n/a | 51 | 46 | n/a | 2028 or 2029 | 2043 or 2044 |
| Woodrow Wilson Phase III 157 Garrett Dr, Long Branch 07740 | 9% | 51 | 51 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Woodrow Wilson Phase III #1310 157 Garrett Dr, Long Branch 07740 | 9% | 51 | 46 | n/a | 2028 or 2029 | 2043 or 2044 |
| Mullica West Supportive Housing 54 Woodstown Rd, Mullica Hill 08062 | n/a | 167 | 150 | 2014 | 2028 or 2029 | 2043 or 2044 |
| 50-55 South Essex Avenue #1201 50 S Essex Ave, Orange 07050 | 9% | 71 | 63 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Chestnut Homes 305 Chestnut Street, Passaic 07055 | n/a | 76 | 75 | n/a | 2028 or 2029 | 2043 or 2044 |
| Chestnut Street Housing, Inc. 303 Chestnut St, Passaic 07055 | n/a | 76 | 75 | n/a | 2028 or 2029 | 2043 or 2044 |
| Alexander Hamilton Phase III 685 E. 34th Street, Paterson 07513 | n/a | 50 | 50 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Great Falls 24-25 Mill Street And 33-35 Van Houten St., Paterson 07501 | n/a | 145 | 139 | n/a | 2028 or 2029 | 2043 or 2044 |
| Sycamore Ridge 3700 Herbert Avenue, Pennsauken 08109 | 4% | 308 | 308 | n/a | 2028 or 2029 | 2043 or 2044 |
| Winslow Commons Phase II 300 Lampart Drive, Sicklerville 08081 | n/a | 49 | 49 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Carl Miller Homes 100 Rider Ave, Trenton 08609 | n/a | 203 | 203 | n/a | 2028 or 2029 | 2043 or 2044 |
| St. Michael's Monastery #1551 1901 West St, Union City 07087 | n/a | 70 | 68 | n/a | 2028 or 2029 | 2043 or 2044 |
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: 2023, 2024, 2025, 2026, 2027, 2029, 2030, 2031, 2032.