Placed in service 2017
Tennessee tax credit properties at Year 15 in 2031
HUD's database lists 21 Tennessee properties placed in service in 2017, with 2,750 apartments (2,696 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.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Bayberry Apartments 2300 Wilson Street, Chattanooga 37406 | 4% and 9% | 164 | 163 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Jaycee Tower 500 W. Martin Luther King Blvd, Chattanooga 37402 | 4% and 9% | 202 | 161 | 2017 | 2031 or 2032 | 2046 or 2047 |
| Waters Edge Apartments 2360 Blackburn Road, Cleveland 37311 | 4% and 9% | 97 | 97 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Broad Way Apartments 1445 W. Broad St., Cookeville 38501 | 9% | 88 | 88 | 2014 | 2031 or 2032 | 2046 or 2047 |
| Quinland Ridge Apartments 394 4th Avenue, Cookeville 38506 | 9% | 64 | 64 | 2014 | 2031 or 2032 | 2046 or 2047 |
| Sumner Gardens 923 South Westland Ave., Gallatin 37066 | 9% | 100 | 100 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Villages Of Gallatin 1096 Sam Houston Cir, Gallatin 37066 | n/a | 63 | 63 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Harriman Gardens 925 Sewanee St., Harriman 37748 | 4% and 9% | 137 | 136 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Five Points Phase I Elderly Mcconnell Street, Knoxville 37915 | 9% | 90 | 90 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Pinnacle Park Apartments 320 Hall Of Fame Drive, Knoxville 37915 | 4% | 200 | 200 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Sterchi Ridge Apartments Haynes Sterchi Rd., Knoxville 37912 | 9% | 60 | 60 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Greentree Pointe 1640 West Maine Street, Lebanon 37087 | 4% and 9% | 130 | 130 | 2015 | 2031 or 2032 | 2046 or 2047 |
| The Ridge At Lebanon W. Baddour Parkway & 502 Fairview Ave., Lebanon 37087 | 9% | 96 | 96 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Kingwood Arms Apartments 719 Mcminnville Highway, Manchester 37355 | 4% and 9% | 97 | 97 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Wesley Graceland Gardens 1430 Graceland Pines Street, Memphis 38116 | 4% and 9% | 216 | 212 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Walters Ridge Apartments 578 Housley St, Morristown 37814 | 9% | 88 | 88 | 2014 | 2031 or 2032 | 2046 or 2047 |
| Cason Ridge Apartments 1647 Cason Ln., Murfreesboro 37128 | 9% | 112 | 112 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Chaney Way Apartments 250 Joe B. Jackson Pkwy, Murfreesboro 37127 | 9% | 114 | 114 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Radnor Towers 312 Thuss Ave., Nahville 37211 | 4% and 9% | 190 | 189 | 2016 | 2031 or 2032 | 2046 or 2047 |
| Levy Place 303 Foster St., Nashville 37207 | 9% | 226 | 226 | 2015 | 2031 or 2032 | 2046 or 2047 |
| Old Hickory Towers 930 Industrial Road, Nashville 37138 | 4% and 9% | 216 | 210 | 2015 | 2031 or 2032 | 2046 or 2047 |
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 Tennessee: 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2032.