Placed in service 2016
Utah tax credit properties at Year 15 in 2030
HUD's database lists 10 Utah properties placed in service in 2016, with 630 apartments (527 low-income). If the credit period started that year, the 15-year compliance periods end around 2030, and extended use runs to at least 2045 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Jerry Burnett Apartments 270 North 300 West, Kaysville 84037 | 4% and 9% | 25 | 25 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Kimpton Square Apartments 850 West Center Street, Midvale 84047 | 9% | 97 | 78 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Crown At Milford 945 S Shauntie Street, Milford 84713 | 9% | 4 | 4 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Imagine Jefferson II 2444 Adams Ave., Ogden 84401 | 9% | 113 | 83 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Richer Place Apartments 1581 Ute Blvd., Park City 84098 | 9% | 28 | 25 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Station Square Apartments 2350 West 4000 South, Roy 84067 | 9% | 31 | 25 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Ball Park Apartments 1370/1380 South, West Temple, Salt Lake City 84115 | 9% | 62 | 61 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Granary Place 258 West 700 South, Salt Lake City 84101 | 9% | 134 | 134 | 2015 | 2030 or 2031 | 2045 or 2046 |
| Taylor Gardens 1790 S. West Temple, Salt Lake City 84115 | 9% | 112 | 68 | 2014 | 2030 or 2031 | 2045 or 2046 |
| Remington Park II Senior Apts. 475 W. Utah Avenue, Tooele 84074 | 4% and 9% | 24 | 24 | 2016 | 2030 or 2031 | 2045 or 2046 |
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 Utah: 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2031, 2032.