Monmouth County, New Jersey · Year 15 and Year 30
Year 15 and Year 30 tax credit properties in Monmouth County, New Jersey
43 monitored tax credit properties in Monmouth County (3,682 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 16 (1,006 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2032, with 9. Most are in Long Branch, Asbury Park, Keansburg.
59 properties.
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Year 15 window compliance period ends 2022 to 2034 (43)
| Property | City | Low-income / total units | Placed in service | Compliance period ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| Edgewood Park Senior Apartments Phase II | Middletown Twp. | 72 / 72 | 2008 | 2022 | No | ||
| Edgewood Park Senior Phase I | Middletown | 108 / 108 | 2008 | 2022 | 4% | No | |
| Garfield Court Phase I | Long Branch | 61 / 67 | 2008 | 2022 | |||
| Litc# 06403 Heritage Village at Manalapan | Manalapan | 99 / 100 | 2008 | 2022 | No | ||
| Litc# 06404 - Edgewood Park Senior Phase II | Atlantic Highlands | 72 / 72 | 2008 | 2022 | |||
| Litc#05402 Edgewood Park Phase I | Atlantic Highlands | 108 / 108 | 2008 | 2022 | |||
| Asbury Tower | Asbury Park City | 330 / 347 | 2009 | 2023 | No | ||
| Litc#0918 Garfield II | Long Branch | 60 / 61 | 2010 | 2024 | No | ||
| Kershaw Commons | Freehold | 30 / 30 | 2011 | 2025 | 9% | ||
| Locust Landing Phase I | Red Bank Boro | 40 / 40 | 2012 | 2026 | No | ||
| Manalapan Woods | Manalapan | 80 / 80 | 2012 | 2026 | No | ||
| Asbury Park Gardens | Asbury Park | 170 / 170 | 2013 | 2027 | No | ||
| Gregory School Garrett Estates Annex | Long Branch | 64 / 64 | 2013 | 2027 | No | ||
| Gregory School Garrett Estates Anx #1110 | Long Branch | 64 / 64 | 2013 | 2027 | |||
| Meadowbrook II | Tinton Falls | 63 / 63 | 2013 | 2027 | No | nonprofit sponsor | |
| Woodrow Wilson - Phase I | Long Branch | 64 / 64 | 2013 | 2027 | No | nonprofit sponsor | |
| Woodrow Wilson Ph. III | Long Branch | 46 / 51 | 2014 | 2028 | |||
| Woodrow Wilson Phase III | Long Branch | 51 / 51 | 2014 | 2028 | 9% | ||
| Akabe Village | Howell | 32 / 32 | 2015 | 2029 | No | ||
| Heritage Village at Ocean | Ocean | 96 / 96 | 2015 | 2029 | |||
| Woodrow Wilson Phase II | Long Branch | 56 / 56 | 2015 | 2029 | No | nonprofit sponsor | |
| Heritage Village at Oakhurst | Oakhurst | 92 / 93 | 2016 | 2030 | |||
| Sebastian Villa | Neptune Twp. | 170 / 170 | 2016 | 2030 | |||
| Bayshore Village | Middletown Twp. | 109 / 109 | 2017 | 2031 | |||
| Granville Towers | Keansburg | 79 / 79 | 2017 | 2031 | |||
| Aberdeen Senior Residences | Aberdeen | 74 / 74 | 2018 | 2032 | |||
| Fort Monmouth | Oceanport | 24 / 24 | 2018 | 2032 | |||
| Glassworks at Aberdeen #1651 | Cliffwood | 110 / 110 | 2018 | 2032 | 4% | ||
| Hudson Ridge Family | Aberdeen | 70 / 70 | 2018 | 2032 | |||
| Hudson Ridge Residences at Aberdeen | Aberdeen | 69 / 69 | 2018 | 2032 | |||
| Hudson Ridge Senior | Matawan | 74 / 74 | 2018 | 2032 | 4% | ||
| Keansburg Mixed Income | Keansburg | 186 / 186 | 2018 | 2032 | 4% | ||
| Liberty Walk at Fort Monmouth | Oceanport | 24 / 48 | 2018 | 2032 | 4% | ||
| Winding Ridge - Litc#1766 | Neptune | 97 / 98 | 2018 | 2032 | 4% | ||
| Ocean Family Housing | Ocean Township | 100 / 100 | 2019 | 2033 | |||
| The Renaissance | Asbury Park | 64 / 64 | 2019 | 2033 | |||
| Allenwood Terrace Apartments | Wall Township | 85 / 85 | 2020 | 2034 | 9% | ||
| Boston Way Village | Asbury Park | 103 / 104 | 2020 | 2034 | 4% | ||
| Holly House Apartments | Asbury Park | 41 / 41 | 2020 | 2034 | |||
| Howell Family Apartments | Howell | 72 / 72 | 2020 | 2034 | 4% | ||
| Oceanport Gardens | Oceanport Boro | 101 / 101 | 2020 | 2034 | |||
| Wemrock Senior Living | Freehold | 75 / 75 | 2020 | 2034 | 4% | ||
| Winding Ridge | Neptune Twp. | 97 / 98 | 2020 | 2034 | 4% |
Year 30 window 30-year minimum extended use ends 2022 to 2034 (16)
| Property | City | Low-income / total units | Placed in service | 30-year minimum ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| Mattison Arms | Asbury Park | 5 / 5 | 1994 | 2023 | 9% | No | |
| Parkcrest Apartments | Asbury Park | 11 / 11 | 1994 | 2023 | 4% | No | |
| Church Street Senior Housing #544 | Keansburg | 33 / 33 | 1998 | 2027 | |||
| Locust Landing Phase I #488 | Red Bank | 40 / 40 | 1998 | 2027 | |||
| Pavillion at Luftman Towers | Lincroft | 60 / 60 | 1998 | 2027 | No | ||
| Tinton Falls Senior Citizens | Tinton Falls | 120 / 120 | 1998 | 2027 | No | ||
| Rug Mill Families | Freehold | 104 / 104 | 2000 | 2029 | 9% | No | |
| Rug Mill Senior | Freehold | 98 / 98 | 2000 | 2029 | No | ||
| The Mews at Collingwood Park | Farmingdale | 110 / 110 | 2001 | 2030 | 9% | No | |
| Center House | Asbury Park | 25 / 25 | 2004 | 2033 | 9% | ||
| The Pines at Tinton Falls | Tinton Falls | 94 / 94 | 2004 | 2033 | 9% | No | |
| Allaire Crossing | Wall Twp. | 66 / 66 | 2005 | 2034 | No | ||
| Church Street Senior Housing | Keansburg | 33 / 33 | 2005 | 2034 | No | ||
| Friendship Gardens #753 | Howell | 99 / 100 | 2005 | 2034 | No | ||
| Wall Senior Citizens Housing, LP | Wall Township | 66 / 66 | 2005 | 2034 | |||
| West Lake Senior Apartments | Neptune City | 42 / 42 | 2005 | 2034 | 9% |
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 16; 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 Monmouth County's 8 qualified census tracts on HUD's 2027 list (check an address).
More Monmouth County data
- Monmouth County 2026 income and rent limitsHUD MTSP
- New Jersey Year 15 and Year 30 listall counties
- QCT and DDA lookup2027 lists
- All statescompare
Buying or recapitalizing a Year 15 property?
Acquisition, bond, bridge and permanent debt for Monmouth County buyouts and resyndications.