Placed in service 2018
North Carolina tax credit properties at Year 15 in 2032
HUD's database lists 17 North Carolina properties placed in service in 2018, with 1,223 apartments (1,222 low-income). If the credit period started that year, the 15-year compliance periods end around 2032, and extended use runs to at least 2047 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Smith Creek Apartments 260 Shady Lane, Bermuda Run 27006 | 9% | 80 | 80 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Rodden Square 6520 Mallard Creek Road, Charlotte 28262 | 9% | 98 | 98 | 2015 | 2032 or 2033 | 2047 or 2048 |
| The Mulberry 5945 Tuckaseegee Road, Charlotte 28208 | 9% | 104 | 104 | 2016 | 2032 or 2033 | 2047 or 2048 |
| The Oaks At Cherry 1604 Luther St, Charlotte 28204 | 9% | 81 | 81 | 2015 | 2032 or 2033 | 2047 or 2048 |
| Weddington Road Apartments 3900 Weddington Road, Charlotte 28270 | n/a | 70 | 70 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Highland Park 2110 17th Ave NE, Hickory 28601 | 9% | 80 | 80 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Hartley Ridge 2615 Ingleside Drive, High Point 27265 | 9% | 84 | 84 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Bellamoor At The Park 16415 Old Statesville Road, Huntersville 28078 | 9% | 116 | 116 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Historic Ashe Hospital 410 Mcconnell Street, Jefferson 28640 | 9% | 46 | 46 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Battle Forest Apartments 210 Cleveland Avenue, Kings Mountain 28086 | 4% | 46 | 45 | 1992 | 2032 or 2033 | 2047 or 2048 |
| Andover Park 2127 Daly Waldrop Rd, Kinston 28504 | 9% | 60 | 60 | 2015 | 2032 or 2033 | 2047 or 2048 |
| Jasper Pointe Apartments 100 Jasper Pointe Circle, Mount Airy 27030 | 9% | 60 | 60 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Gold Hill Apartments 420 Gold Hill Drive, Salisbury 28146 | 9% | 80 | 80 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Tabor Landing Apartments 383 Swamp Fox Highway E, Tabor City 28463 | 9% | 48 | 48 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Hilma Greens 810 West Wilson Street, Tarboro 27886 | 9% | 64 | 64 | 2015 | 2032 or 2033 | 2047 or 2048 |
| Pinehurst Senior Apartments 4180 Murdocksville Rd, West End 27376 | 9% | 56 | 56 | 2015 | 2032 or 2033 | 2047 or 2048 |
| Shepard Greene 626 Shepard School Road, Zebulon 27597 | 9% | 50 | 50 | 2016 | 2032 or 2033 | 2047 or 2048 |
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, 2026, 2027, 2028, 2029, 2030, 2031.