Olmsted County, Minnesota · Year 15 and Year 30

Year 15 and Year 30 tax credit properties in Olmsted County, Minnesota

22 monitored tax credit properties in Olmsted County (1,658 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 11 (557 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2026, with 4. Most are in Rochester, Byron, Chatfield.

22at Year 15, 2022-2034
11at Year 30, 2022-2034
4Year 15 properties with tax-exempt bonds
0Year 30 properties with a longer term reported to HUD

33 properties.

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Year 15 window compliance period ends 2022 to 2034 (22)

PropertyCityLow-income / total unitsPlaced in serviceCompliance period endsCreditBondsHUD notes
Castleview ApartmentsRochester32 / 3220082022
Village on 3rdRochester66 / 66200820229%No
Washington VillageRochester67 / 67200920239%No
Grand View Ledge TownhomesBuffalo24 / 24201120259%No
Cascade Creek ApartmentsRochester40 / 4020122026TCEP
Central TowersRochester102 / 105201220264% and 9%No
Essex Place ApartmentsRochester144 / 144201220264%Yes
Washington Village EastRochester47 / 47201220269%No
Rochester Senior HousingRochester40 / 40201420284%Yes
The Square on 31st (formerly Rochester Sq Apts)Rochester104 / 104201420284% and 9%Yes
Ashland PlaceRochester49 / 49201520299%
Northgate PlazaRochester150 / 151201620304%
1st Avenue FlatsRochester68 / 68201720314%
Gage East ApartmentsRochester55 / 55201720314%
Flats on 4th (formerly the Buckeye)Rochester20 / 92201820324%
Fontaine TowersRochester151 / 151201820324%
Valleyhigh FlatsRochester60 / 60201820329%
Bdkn LllpRochester135 / 135201920334%
Harvestview PlaceRochester60 / 60201920339%
River Glen ApartmentsRochester128 / 128201920334%Yes
Harvestview Place II Limited PartnershipRochester76 / 76202020349%
Jeremiah Program Rochester Limited PartnershipRochester40 / 40202020349%nonprofit sponsor

Year 30 window 30-year minimum extended use ends 2022 to 2034 (11)

PropertyCityLow-income / total unitsPlaced in service30-year minimum endsCreditBondsHUD notes
Homestead Village TownhomesRochester102 / 102199520249%No
Valley View EstatesByron48 / 4819952024
Bandel Hills ThRochester25 / 25199620259%No
Royal Oaks TownhomesRochester24 / 24199720269%No
Mill Pond TownhomesChatfield23 / 24199920289%No
Sunrise TownhomesRochester23 / 24200020299%No
Valleyhigh ApartmentsRochester24 / 24200020299%No
Douglas Trail Townhomes (formerly Weatherstone TownhomeRochester99 / 100200120304% and 9%Yes
Rolling Ridge TownhomesRochester34 / 35200320329%No
Eastridge EstatesRochester123 / 126200420334%Yes
Georgetowne SquareRochester32 / 32200520349%No

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026), monitored properties placed in service 2008-2020 and 1993-2005. "Compliance period ends" is the placed-in-service year + 14 and "30-year minimum ends" is + 29; both are a year later if the owner deferred the credit period, and HUD reports one year per project. For Year 30 properties HUD reports a longer affordability term for 0 of 11; check the recorded extended use agreement for the rest.

Using this list

Properties past Year 15 have no recapture exposure left, so investor exits, general partner buyouts, rights of first refusal and resyndications with 4% credits cluster here. The rent and income restrictions stay in place for the extended use period. Estimate a qualified contract price with the qualified contract tool, and read the Year 15 exits guide for the rules. A resyndication can take the 130% basis boost if the site is in one of Olmsted County's 5 qualified census tracts on HUD's 2027 list (check an address).

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