Passaic County, New Jersey · Year 15 and Year 30
Year 15 and Year 30 tax credit properties in Passaic County, New Jersey
25 monitored tax credit properties in Passaic County (1,951 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 13 (915 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2022, with 4. Most are in Paterson, Passaic, Paterson City.
38 properties.
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Year 15 window compliance period ends 2022 to 2034 (25)
| Property | City | Low-income / total units | Placed in service | Compliance period ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| 114-124 Straight Street | Paterson | 49 / 50 | 2008 | 2022 | |||
| Acorn Straight Apartments | Paterson | 49 / 49 | 2008 | 2022 | 9% | ||
| Birch Street Supportive Housing | Paterson | 15 / 15 | 2008 | 2022 | No | ||
| Litc#0747 Horizons at Clifton II | Clifton | 103 / 103 | 2008 | 2022 | No | ||
| Litc#0748 Horizons at Clifton III | Clifton | 104 / 104 | 2009 | 2023 | No | ||
| Congdon Mill #0902 | Paterson | 66 / 66 | 2010 | 2024 | No | ||
| Eva's Village Apartments | Paterson | 50 / 50 | 2010 | 2024 | 9% | ||
| Belmont Apartments | Paterson | 85 / 85 | 2011 | 2025 | 9% | ||
| Paterson Hope VI | Paterson | 79 / 80 | 2011 | 2025 | No | ||
| Belmont Towers | Paterson City | 41 / 42 | 2012 | 2026 | TCEP | No | resyndicated |
| Lincoln Hill Village | West Milford Twp. | 49 / 50 | 2012 | 2026 | No | ||
| River Drive Residence | Passaic City | 100 / 100 | 2012 | 2026 | No | ||
| Sojourner Douglass Homes | Paterson City | 20 / 20 | 2012 | 2026 | No | ||
| Alexander Hamilton Phase III | Paterson | 50 / 50 | 2014 | 2028 | No | ||
| Chestnut Homes | Passaic | 75 / 76 | 2014 | 2028 | |||
| Chestnut Street Housing, Inc. | Passaic | 75 / 76 | 2014 | 2028 | |||
| Great Falls | Paterson | 139 / 145 | 2014 | 2028 | No | ||
| Alexander Hamilton II | Paterson | 50 / 50 | 2015 | 2029 | No | ||
| Apollo Dye Sr. | Paterson | 69 / 70 | 2015 | 2029 | |||
| Apollo Senior | Paterson | 69 / 69 | 2015 | 2029 | |||
| Wayne Sr. Housing aka Edward Sisco | Wayne | 241 / 241 | 2015 | 2029 | 4% | ||
| Passaic Housing Authority RAD | Passaic | 130 / 130 | 2016 | 2030 | 4% | ||
| Passaic Sr. | Passaic | 130 / 130 | 2016 | 2030 | |||
| Apollo Dye Phase II | Patterson | 63 / 63 | 2017 | 2031 | |||
| Clifton Main Mews | Clifton | 50 / 51 | 2017 | 2031 |
Year 30 window 30-year minimum extended use ends 2022 to 2034 (13)
| Property | City | Low-income / total units | Placed in service | 30-year minimum ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| Mott School Project | Paterson | 3 / 3 | 1994 | 2023 | 9% | No | |
| Sienna Village at Wayne | Wayne Twp. | 125 / 250 | 1995 | 2024 | |||
| Belmont Towers #404 | Paterson | 41 / 42 | 1998 | 2027 | |||
| Preakness Commons (A.k.a Nellis Commons) | Wayne | 48 / 96 | 1998 | 2027 | 4% | No | |
| Sheltering Arms | Paterson | 32 / 33 | 1998 | 2027 | No | ||
| Sams Place | Paterson | 19 / 19 | 1999 | 2028 | 9% | No | nonprofit sponsor |
| Greater Paterson Development | Paterson City | 109 / 109 | 2000 | 2029 | |||
| Greater Paterson Development #574 | Paterson | 109 / 109 | 2000 | 2029 | |||
| North of Main Street | Paterson | 70 / 70 | 2000 | 2029 | No | ||
| Christopher Columbus Homes | Paterson City | 98 / 98 | 2001 | 2030 | |||
| Christopher Columbus Homes II | Paterson | 36 / 36 | 2001 | 2030 | 4% | ||
| River Road Residence #610 | Passaic | 100 / 100 | 2003 | 2032 | |||
| Senior Horizons at Clifton | Clifton | 125 / 125 | 2004 | 2033 | 4% |
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 13; 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 Passaic County's 35 qualified census tracts on HUD's 2027 list (check an address).
More Passaic County data
- Passaic 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 Passaic County buyouts and resyndications.