Placed in service 2012
North Carolina tax credit properties at Year 15 in 2026
HUD's database lists 43 North Carolina properties placed in service in 2012, with 2,448 apartments (2,446 low-income). If the credit period started that year, the 15-year compliance periods end this year, and extended use runs to at least 2041 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Woodlawn Apartments 700 Magnolia Drive, Aberdeen 28315 | 9% | 50 | 50 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Westwind Apartments 353 Kent Street, Andrews 28901 | 4% | 42 | 42 | 1988 | 2026 or 2027 | 2041 or 2042 |
| Sunset Place Apartments 726 Sunset Avenue, Asheboro 27203 | 9% | 52 | 52 | 2011 | 2026 or 2027 | 2041 or 2042 |
| The Homestead Apartments 311 Aiken Road, Asheville 28804 | 4% | 32 | 32 | 2011 | 2026 or 2027 | 2041 or 2042 |
| The Larchmont 30 E Larchmont Road, Asheville 28804 | 9% | 60 | 60 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Mitchell House Apartments 1 Richmond Road, Bakersville 28705 | 4% | 22 | 22 | 1994 | 2026 or 2027 | 2041 or 2042 |
| The Charleston Apartments 160 East Ridge Road, Bryson City 28713 | 4% | 32 | 32 | 1990 | 2026 or 2027 | 2041 or 2042 |
| Auburn Trace Apartments II 2944 Auburn Drive, Burlington 27215 | 9% | 80 | 80 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Strawn Tower II 1225 South Caldwell, Charlotte 28203 | 4% | 170 | 170 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Willow Oak Run 2908 Turning Oak Dr, Charlotte 28208 | 9% | 86 | 85 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Antiquity Heights 20215 Heights Way, Cornelius 28031 | 9% | 94 | 94 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Rivers Landing 1699 Weeksville Rd, Elizabeth City 27909 | 9% | 100 | 100 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Azalea Manor 230 Lincoln Dr, Fayetteville 28301 | 9% | 72 | 72 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Colony Place 2095 Hyde Place, Fayetteville 28306 | 9% | 100 | 100 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Eastside Green III Apartments 708 Duggins Way, Fayetteville 28312 | 9% | 40 | 40 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Ulco Bluffs Apartments 55 Ulco Bluffs Drive, Franklin 28734 | 4% | 38 | 38 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Bowman Manor 539 Glen Road, Garner 27529 | 9% | 48 | 48 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Bordeaux Apartments 2265 Bordeaux Avenue, Gastonia 28056 | 9% | 32 | 32 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Cedar Ridge Apartments 181 Wilkins Road, Haw River 27258 | 9% | 40 | 40 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Woods II 300 South Cooper Drive, Henderson 27536 | 9% | 44 | 44 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Oak Haven 1308 Old Spartanburg Rd, Hendersonville 28792 | 9% | 56 | 56 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Admiral Pointe 3725 Admiral Drive, High Point 27268 | 9% | 54 | 54 | 2011 | 2026 or 2027 | 2041 or 2042 |
| The Woods At Avent Ferry 108 Cotten Ln, Holly Springs 27540 | 9% | 64 | 64 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Woodland Village 600 Kirkland Avenue, Hudson 28638 | 9% | 40 | 40 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Forest Park Crossing 1065 Ridgeway Dr, Kannapolis 28083 | 9% | 56 | 56 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Abby Gardens 4626 Cindy Lane, Kinston 28504 | 9% | 48 | 48 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Westgate Village Apts 113 Sills Avenue, Knightdale 27545 | 4% | 36 | 36 | 2008 | 2026 or 2027 | 2041 or 2042 |
| Hill Top Terrace Apartments 111 N Carolina Ave, Lexington 27292 | 4% and 9% | 64 | 63 | 1988 | 2026 or 2027 | 2041 or 2042 |
| Carriage Hills 1050 Linkhaw Road, Lumberton 28359 | 9% | 72 | 72 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Mashburn Gap Apartments 1140 North Main Street, Marshall 28753 | 4% | 34 | 34 | 1990 | 2026 or 2027 | 2041 or 2042 |
| Park Avenue Place Apartments 400 West Park Avenue, Mooresville 28115 | 4% | 32 | 32 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Water Garden Village 8441 Mount Valley Ln, Raleigh 27613 | 9% | 60 | 60 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Sweetwater Apartments 301 Moose Branch Road, Robbinsville 28771 | 4% | 32 | 32 | 1992 | 2026 or 2027 | 2041 or 2042 |
| Ro-well Apartments 923 China Grove Highway, Rockwell 28318 | 4% | 36 | 36 | 1988 | 2026 or 2027 | 2041 or 2042 |
| Westridge Village 201 Admiral Dr, Salisbury 28147 | 9% | 48 | 48 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Autumn Oaks 250 Willow Oak Drive, Sanford 27330 | 9% | 60 | 60 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Lanier Pointe II 1030 Sue Ln, Shelby 28152 | 9% | 40 | 40 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Milstead Woods 498 School Drive, Taylorsville 28681 | 9% | 40 | 40 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Alderbrook Pointe 140 Alderbrook Circle, Washington 27889 | 9% | 64 | 64 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Dry Ridge Apartments 21 Clinton Street, Weaverville 28787 | 4% | 24 | 24 | 2011 | 2026 or 2027 | 2041 or 2042 |
| Historic Wilkesboro School 215 W South Street, Wilkesboro 28697 | 9% | 41 | 41 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Creekwood South 714 Emory Street, Wilmington 28405 | 9% | 138 | 138 | 2010 | 2026 or 2027 | 2041 or 2042 |
| Lake Ridge Commons 4160 Lake Avenue, Wilmington 28403 | 9% | 75 | 75 | 2010 | 2026 or 2027 | 2041 or 2042 |
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: 2023, 2024, 2025, 2027, 2028, 2029, 2030, 2031, 2032.