Year Fifteen
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Placed in service 2010

Rhode Island tax credit properties at Year 15 in 2024

HUD's database lists 13 Rhode Island properties placed in service in 2010, with 891 apartments (861 low-income). If the credit period started that year, the 15-year compliance periods ended around 2024, and extended use runs to at least 2039 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
315 Park Avenue
315 Park Ave, Cranston 02905		4%717020102024 or 20252039 or 2040
Bear Hill Village
156 Bear Hill Rd, Cumberland 02864		4%12612220102024 or 20252039 or 2040
Coddington Point
231 Maple Ave, Newport 02840		4%323220092024 or 20252039 or 2040
Colonial Village Apts
60 School St, North Smithfield 02896		4%756820102024 or 20252039 or 2040
Gatewood Apts
403 Mendon Rd, North Smithfield 02896		4%605820102024 or 20252039 or 2040
Broad Street Revitalization
145 Chester Ave, Providence 02907		TCEP only252520072024 or 20252039 or 2040
Carleton Court
211 Carleton St, Providence 02908		4%868620102024 or 20252039 or 2040
Parkis Historic Properties
55 Parkis Ave, Providence 02907		9%222220092024 or 20252039 or 2040
Trinity/princeton Place
265 Elmwood Ave, Providence 02907		TCEP only414120082024 or 20252039 or 2040
Sandywood Farm
150 Persimmon Dr, Tiverton 02878		TCEP only504020102024 or 20252039 or 2040
Indian Run Village
681 Kingstown Rd, Wakefield 02879		n/a11511520102024 or 20252039 or 2040
Hardig Brook Village
331 Centerville Rd, Warwick 02886		4%1009720102024 or 20252039 or 2040
Chateau Clare
16 Greene St, Woonsocket 02895		4%888520102024 or 20252039 or 2040

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 Rhode Island 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 Rhode Island: 2023, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.