Placed in service 2011

Rhode Island tax credit properties at Year 15 in 2025

HUD's database lists 8 Rhode Island properties placed in service in 2011, with 374 apartments (363 low-income). If the credit period started that year, the 15-year compliance periods ended around 2025, and extended use runs to at least 2040 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.
Property	Credit	Units	Low-income	Allocated	Compliance ends	Extended use at least to
Clocktower 200 Tinkham Ln, Harrisville 02830	9%	47	36	2006	2025 or 2026	2040 or 2041
Kingstown Crossings I 5 Mcconnell Ct, North Kingstown 02852	4%	58	58	2009	2025 or 2026	2040 or 2041
Blackstone Valley Gateways 204 Broad St, Pawtucket 02860	9%	33	33	2011	2025 or 2026	2040 or 2041
Cornplanter Row 482 Pine St, Providence 02907	n/a	36	36	2011	2025 or 2026	2040 or 2041
Metcalf Court II (08) 555 Veazie St, Providence 02904 · no longer monitored	n/a	60	60	2011	2025 or 2026	2040 or 2041
Metcalf Court II (16) 555 Veazie St, Providence 02904 · no longer monitored	n/a	52	52	2011	2025 or 2026	2040 or 2041
Metcalf Court II (47) 70 Wild St, Providence 02904	n/a	36	36	2011	2025 or 2026	2040 or 2041
Smith Hill Visions II 14 Osborn St, Providence 02908	9%	52	52	2010	2025 or 2026	2040 or 2041

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.

Property

Email me when this alert fires. I can unsubscribe in one click. No marketing lists.

Alert emails haven't started on this site yet. Your sign-up is saved, and when sending starts the first email asks you to confirm.

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, 2024, 2026, 2027, 2028, 2029, 2030, 2031, 2032.