Placed in service 2014
North Dakota tax credit properties at Year 15 in 2028
HUD's database lists 6 North Dakota properties placed in service in 2014, with 193 apartments (192 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 |
|---|---|---|---|---|---|---|
| Independence Pointe 3945 N 19th Street, Bismarck 58503 | 4% and 9% | 24 | 23 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Heritage Hills I 2585 Dakota Boulevard, Dickinson 58601 | 4% and 9% | 42 | 42 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Standing Rock Homes #18 Scattered Sites And Communitie, Fort Yates 58538 | 4% and 9% | 30 | 30 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Washington Townhomes II 814 17th Ave SE, Minot 58701 | 4% and 9% | 32 | 32 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Legacy At Central Place 612 First Ave W, Williston 58801 | 4% and 9% | 44 | 44 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Williston Senior Apt Homes II 2618 24th Ave W, Williston 58801 | 4% and 9% | 21 | 21 | 2013 | 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 North Dakota: 2023, 2024, 2025, 2026, 2027, 2029, 2030, 2031, 2032.