Year Fifteen
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Placed in service 2017

Rhode Island tax credit properties at Year 15 in 2031

HUD's database lists 5 Rhode Island properties placed in service in 2017, with 453 apartments (453 low-income). If the credit period started that year, the 15-year compliance periods end around 2031, and extended use runs to at least 2046 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
Prospect Heights I
560 Prospect Street, Pawtucket 02860		4%10110120172031 or 20322046 or 2047
Amherst Gardens
66 Chaffee Street, Providence 02909		9%363620152031 or 20322046 or 2047
Colony House
1 Cadillac Drive, Providence 02907		4%10110120162031 or 20322046 or 2047
Dean Street Studios
344 Washington St, Providence 02903		n/a515119972031 or 20322046 or 2047
Epn
54 Scattered Sites Throughout Providence, Providence 02905		4% and 9%16416420162031 or 20322046 or 2047

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, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2032.