Placed in service 2010
Vermont tax credit properties at Year 15 in 2024
HUD's database lists 10 Vermont properties placed in service in 2010, with 324 apartments (297 low-income). If the credit period started that year, the 15-year compliance periods ended around 2024, and extended use runs to at least 2039 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Alburgh Family Redevelopment 12 Carle St, Alburgh 05440 | 4% and 9% | 13 | 13 | 2009 | 2024 or 2025 | 2039 or 2040 |
| Pine Manor Redevelopment 6 Lake St, Alburgh 05440 | 4% | 16 | 16 | 2010 | 2024 or 2025 | 2039 or 2040 |
| Anne Wilder Richards Building 1063 Western Ave, Brattleboro 05301 | TCEP only | 21 | 18 | 2009 | 2024 or 2025 | 2039 or 2040 |
| Cathedral Square Senior Living Redevelopment 3 Cathedral Sq, Burlington 05401 | 4% | 107 | 92 | 2010 | 2024 or 2025 | 2039 or 2040 |
| River Bend 324 School St, Enosburg 05450 | 4% | 30 | 30 | 2010 | 2024 or 2025 | 2039 or 2040 |
| Johnson Community Housing - Vec 73 Mack Mudgett Dr, Johnson 05656 | 9% | 28 | 25 | 2010 | 2024 or 2025 | 2039 or 2040 |
| Missisquoi Manor Redevelopment 70 Liberty St, Richford 05476 | TCEP only | 28 | 24 | 2011 | 2024 or 2025 | 2039 or 2040 |
| Grand Way Commons II 412 Farrell St, South Burlington 05403 | TCEP only | 28 | 28 | 2011 | 2024 or 2025 | 2039 or 2040 |
| Brookside I - St Albans 5 Victoria Ln, St Albans 05478 | TCEP only | 37 | 37 | 2009 | 2024 or 2025 | 2039 or 2040 |
| Blake Commons 8 Blake St, Swanton 05488 | TCEP only | 16 | 14 | 2009 | 2024 or 2025 | 2039 or 2040 |
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 Vermont: 2023, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032.