Placed in service 2018
Tennessee tax credit properties at Year 15 in 2032
HUD's database lists 22 Tennessee properties placed in service in 2018, with 2,382 apartments (2,375 low-income). If the credit period started that year, the 15-year compliance periods end around 2032, and extended use runs to at least 2047 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Baxter Apartments 296 Highland Avenue, Baxter 38544 | 4% and 9% | 20 | 20 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Gate Manor Apartments 1200 Fowler Lane, Clinton 37716 | 4% and 9% | 80 | 80 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Creekside Acres & Southern Hills 108 E. Willow Street, Columbia 38401 | 4% and 9% | 144 | 142 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Overlook Apartments 307 Hancock Street, Gallatin 37066 | 9% | 96 | 96 | 2016 | 2032 or 2033 | 2047 or 2048 |
| The Residences Of Galatin 199 Albright Farms Drive, Gallatin 37066 | 4% | 188 | 188 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Kingfield North 8 Kingsfield Drive, Jackson 38301 | 9% | 40 | 40 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Kingfield South 8 Kingsfield Drive, Jackson 38301 | 4% and 9% | 41 | 41 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Big Oak Apartments 3807 Middlebrook Pike, Knoxville 37921 | 9% | 150 | 150 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Five Points Phase 2 360 Mcconnell Street, Knoxville 37915 | 9% | 84 | 84 | 2016 | 2032 or 2033 | 2047 or 2048 |
| The Vista At Summit Hill 957 East Hill Ave, Knoxville 37915 | 4% and 9% | 175 | 172 | 2017 | 2032 or 2033 | 2047 or 2048 |
| White Oak Crossing 290 Quaker Way, Knoxville 37920 | 9% | 60 | 60 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Wood Falls Apartments 201 Carver Lane, Lebanon 37087 | 9% | 76 | 76 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Island Grove 150 Willow Creek Drive, Madisonville 37354 | 9% | 48 | 48 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Laurel Branch 106 Laurel Branch Drive, Maryville 37801 | 9% | 92 | 92 | 2016 | 2032 or 2033 | 2047 or 2048 |
| The Overlook Village 105 Overlook Circle, Maryville 37801 | 9% | 96 | 96 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Eastern Creek Apartments Scattered Site, Memphis 38128 | 4% and 9% | 226 | 226 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Mason Village 900 S Fourth Street, Memphis 38126 | 4% | 77 | 76 | 2017 | 2032 or 2033 | 2047 or 2048 |
| Patterson Flats 250 Ge Patterson Avenue, Memphis 38126 | 4% | 195 | 195 | 2016 | 2032 or 2033 | 2047 or 2048 |
| South Main Artspace Lofts 138 St. Paul Avenue, Memphis 38126 | 4% and 9% | 63 | 63 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Uptown Flats 245 N. Main Street, Memphis 38107 | 4% | 155 | 154 | 2016 | 2032 or 2033 | 2047 or 2048 |
| The Paddock At Grandview 230 W. Trinity Lane, Nashville 11111 | 4% | 240 | 240 | 2016 | 2032 or 2033 | 2047 or 2048 |
| Belmont Lodge Apartments 713 Mccurdy Road, White House 37188 | 4% and 9% | 36 | 36 | 2016 | 2032 or 2033 | 2047 or 2048 |
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, 2031.