LIHTC Year 15 and Year 30 properties by state and county

What the two milestones mean

Year 15 closes the compliance period (IRC 42(i)(1)). The investor has taken its last credit five years earlier and its recapture exposure ends, so this is when limited partners usually sell their interest, often to the general partner or a nonprofit holding a right of first refusal at the section 42(i)(7) minimum price. It is also when many owners refinance, sell or resyndicate with new 4% credits and tax-exempt bonds. The restrictions do not lift: the extended use agreement keeps the units income- and rent-restricted.

Year 30 is the federal floor for extended use: at least 15 years past the compliance period (IRC 42(h)(6)(D)). Where the agency set no longer term, these properties can convert to market rents once it ends, which is why preservation buyers and lenders track them. Many agencies require longer terms, but HUD's file reports a term above 30 years for only 316 of the 15,783 properties in the Year 30 window, so for most of them the recorded agreement is the only way to know. Where HUD does report it, the list shows it in the notes.

Pricing an exit or a preservation offer: the qualified contract price estimator applies the section 42(h)(6)(F) formula, and the Year 15 guide covers exits, the right of first refusal and resyndication.

Limits of the data

• The dates come from one placed-in-service year per project in HUD's file. If the owner deferred the credit period by a year, or the project's buildings went into service in different years, the real dates are later.
• HUD's 2024 release runs through properties placed in service in 2024, so nothing here is newer than that.
• The list includes properties in cities too small for a city page on this site; those rows have no property link.
• HUD flags resyndicated properties only for some agencies. A property that has already been recapitalized may still appear in the Year 15 or Year 30 window under its original placed-in-service year.