Year Fifteen
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Placed in service 2011

Vermont tax credit properties at Year 15 in 2025

HUD's database lists 9 Vermont properties placed in service in 2011, with 189 apartments (175 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.
PropertyCreditUnitsLow-incomeAllocatedCompliance endsExtended use at least to
Depot II Redevelopment
68 Main St, Bethel 05032		4%101020122025 or 20262040 or 2041
Spring, Elliot & Valgar
11 Spring St, Brattleboro 05301		4%282720112025 or 20262040 or 2041
Cedar's Edge Apts
47 Susie Wilson Rd, Essex Junction 05452		9%302520112025 or 20262040 or 2041
Morrisville Community Housing
75 George St, Morrisville 05661		4% and 9%161620112025 or 20262040 or 2041
Salisbury Square
34 School St, Randolph 05060		9%141420102025 or 20262040 or 2041
Forest Park Phase I
12 Hickory St, Rutland 05701		9%332620102025 or 20262040 or 2041
Ellis Block
26 Main St, Springfield 05156		9%9920102025 or 20262040 or 2041
Stanislaus Housing
95 Barnes St, West Rutland 05777		4%212020112025 or 20262040 or 2041
Canal Street Veterans Housing
120 W Canal St, Winooski 05404		9%282820102025 or 20262040 or 2041

Watch one of these properties

Pick a property and we'll email when it moves closer to Year 15 (inside two years, then inside one) or when HUD's record for it changes in a new release. Every Vermont property is in the download on the data page.

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