Placed in service 2014
Vermont tax credit properties at Year 15 in 2028
HUD's database lists 10 Vermont properties placed in service in 2014, with 275 apartments (253 low-income). If the credit period started that year, the 15-year compliance periods end around 2028, and extended use runs to at least 2043 unless the agreement says later.
| Property | Credit | Units | Low-income | Allocated | Compliance ends | Extended use at least to |
|---|---|---|---|---|---|---|
| Portfolio Enhancement Phase 1 34 Canal St, Brattleboro 05301 | 4% | 29 | 26 | 2015 | 2028 or 2029 | 2043 or 2044 |
| Bobbin Mill Redevelopment 235 Pine St, Burlington 05401 | 4% and 9% | 51 | 51 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Maple Street Senior Apts 36 Maple St, Hardwick 05843 | 4% | 16 | 16 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Arthur's Main Street Housing 53 Lower Main St, Morrisville 05661 | 9% | 18 | 13 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Richmond Terrace Apts 190 Thompson Rd, Richmond 05477 | 4% | 16 | 14 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Harrington Village 110 Harrington Ave, Shelburne 05482 | 9% | 42 | 36 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Wright House 75 Harrington Ave, Shelburne 05482 | 9% | 36 | 33 | 2013 | 2028 or 2029 | 2043 or 2044 |
| Rail City Family Housing 101 Fairfield St, St Albans 05478 | 4% | 31 | 28 | 2014 | 2028 or 2029 | 2043 or 2044 |
| Hilltop Family Housing 447 Pearl St, St Johnsbury 05819 | 9% | 24 | 24 | 2012 | 2028 or 2029 | 2043 or 2044 |
| Valley View II Apts 12 Walker Ave, Vergennes 05491 | 4% | 12 | 12 | 2015 | 2028 or 2029 | 2043 or 2044 |
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, 2025, 2026, 2027, 2029, 2030, 2031, 2032.