Year Fifteen
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Placed in service 2009

North Carolina tax credit properties at Year 15 in 2023

HUD's database lists 25 North Carolina properties placed in service in 2009, with 1,145 apartments (1,143 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.

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026, projects placed in service through 2024), with HUD's 2024 data dictionary. "Allocated" is the year the agency allocated credits, often a year or more before the property opened. Compliance and extended-use years are estimates from the placed-in-service year; an owner may have started credits a year later, buildings in one project can differ, and extended use shown is the federal minimum; where the agency reported a period over 30 years, it's noted. "No longer monitored" means the agency flagged the property as out of its LIHTC monitoring.
PropertyCreditUnitsLow-incomeAllocatedCompliance endsExtended use at least to
Lions Spring
320 Shotwell Road, Clayton 27520		9%484820072023 or 20242038 or 2039
Wellspring Village
3770 Wellspring Ct NW, Concord 28027		9%484820072023 or 20242038 or 2039
Maplewood Square
1520 Chapel Hill Road, Durham 27701		9%323220072023 or 20242038 or 2039
Stewart Circle Apartments
700 Atlantic Street, Durham 27707		4% and 9%201920072023 or 20242038 or 2039
Harris Pointe
345 E Harris Place, Eden 27288		TCEP only565620062023 or 20242038 or 2039
The Highlands Apartments
171 Butler Rd, Forest City 28043		9%444320072023 or 20242038 or 2039
Oak Park
51 Oak Park Drive, Four Oaks 27524		9%303020072023 or 20242038 or 2039
Cleveland Green Apartments
401 Lainey Street, Garner 27529		9%888820072023 or 20242038 or 2039
Gateway Village
535 North York Street, Gastonia 28052		9%404020072023 or 20242038 or 2039
Parkside Apartments
306 O'connor Street, Greensboro 27401		9%717120072023 or 20242038 or 2039
Rankin King Farms Apartments
1600 Rankin King Drive, Greensboro 27405		9%444420072023 or 20242038 or 2039
Nathaniel Village
411 West Fifth Street, Greenville 27834		TCEP only484820072023 or 20242038 or 2039
Villas At Forest Park
300 Sandy Ct, Kannapolis 28083		9%646420072023 or 20242038 or 2039
Fairview Manor Apartments
33 Macy Lane, Lillington 27546		9%323220082023 or 20242038 or 2039
Sadie's Landing
2230 Mcphail Road, Lumberton 28358		9%606020072023 or 20242038 or 2039
Willow Ridge
105 Willow Run Drive, Morganton 28655		9%282820072023 or 20242038 or 2039
Landmark Apts
1600 Landmark Cir, New Bern 28560		4%323220062023 or 20242038 or 2039
Garden Park Villas
100 Garden Park Drive, Oxford 27565		9%404020072023 or 20242038 or 2039
Windchase Apartments
701 East Littleton Rd, Roanoke Rapids 27870		4% and 9%424220072023 or 20242038 or 2039
Creekside Crossing Apartments
358 West St, Spindale 28160		9%484820072023 or 20242038 or 2039
Forest Edge Apartment Homes
125 Forest Edge Circle, Tabor City 28463		9%484820072023 or 20242038 or 2039
Covey Run Apartments
117 Covey Quail Ln, Whiteville 28472		9%484820082023 or 20242038 or 2039
Andrews Park
300 Slade Street, Williamston 27892		9%505020072023 or 20242038 or 2039
Glendale Woods
401 Pike Street Box 38, Wilson 27893		9%363620072023 or 20242038 or 2039
Somerset Court Apts
1714 Lipscomb Road, Wilson 27893		9%484820062023 or 20242038 or 2039

Watch one of these properties

Pick a property and we'll email when it moves closer to Year 15 (inside two years, then inside one) or when HUD's record for it changes in a new release. Every North Carolina property is in the download on the data page.

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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 North Carolina: 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.