Placed in service 2011

South Dakota tax credit properties at Year 15 in 2025

HUD's database lists 9 South Dakota properties placed in service in 2011, with 343 apartments (336 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
Redwood Court II 1212 E Keystone Pl, Brandon 57005	9%	48	48	2010	2025 or 2026	2040 or 2041
Drexel Place Apts 600 Spruce St, Harrisburg 57032	9%	48	43	2011	2025 or 2026	2040 or 2041
Deer Hollow II 817 Ruud Ln, Hartford 57033	9%	32	32	2010	2025 or 2026	2040 or 2041
Village Green 1005 NE Fourth St, Madison 57042 · no longer monitored	4% and 9%	32	31	2011	2025 or 2026	2040 or 2041
Northlake Apts 578 Dexter Dr, North Sioux City 57049	TCEP only	40	39	2009	2025 or 2026	2040 or 2041
Eagle Ridge II 217 Stumer Rd, Rapid City 57701	9%	60	60	2010	2025 or 2026	2040 or 2041
Monterey Apts 4509 E Madison St, Sioux Falls 57110	9%	16	16	2011	2025 or 2026	2040 or 2041
Project Safe Home 320 W Third St, Sioux Falls 57104	9%	33	33	2011	2025 or 2026	2040 or 2041
Sir Charles Apts 118 E Third St, Yankton 57078	TCEP only	34	34	2009	2025 or 2026	2040 or 2041

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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 South Dakota: 2023, 2024, 2026, 2027, 2028, 2029, 2030, 2031, 2032.