Placed in service 2013
North Dakota tax credit properties at Year 15 in 2027
HUD's database lists 6 North Dakota properties placed in service in 2013, with 194 apartments (192 low-income). If the credit period started that year, the 15-year compliance periods end around 2027, and extended use runs to at least 2042 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Turtle Mountain Homes VI 9627 42nd Avenue NE, Belcourt | n/a | 30 | 30 | 2010 | 2027 or 2028 | 2042 or 2043 |
| Lincoln Park Townhomes 1701 Abraham Pkwy, Dickinson 58601 | 4% | 40 | 40 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Turtle Mountain Homes VII 9850 31st Ave NE, Dunseith | n/a | 28 | 28 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Minot Artspace Lofts 3 Main St S, Minot 58701 | 4% and 9% | 34 | 32 | 2011 | 2027 or 2028 | 2042 or 2043 |
| Minot Place Rowhomes 18th Ave SE, Minot 58701 | 4% and 9% | 30 | 30 | 2012 | 2027 or 2028 | 2042 or 2043 |
| Washington Townhomes 813 18th Ave SE, Minot 58701 | 4% and 9% | 32 | 32 | 2012 | 2027 or 2028 | 2042 or 2043 |
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 Dakota: 2023, 2024, 2025, 2026, 2028, 2029, 2030, 2031, 2032.