Lorain County, Ohio · Year 15 and Year 30

Year 15 and Year 30 tax credit properties in Lorain County, Ohio

9 monitored tax credit properties in Lorain County (988 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 12 (741 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2023, with 2. Most are in Lorain, Elyria, Avon.

9at Year 15, 2022-2034
12at Year 30, 2022-2034
1Year 15 properties with tax-exempt bonds
0Year 30 properties with a longer term reported to HUD

21 properties.

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Year 15 window compliance period ends 2022 to 2034 (9)

PropertyCityLow-income / total unitsPlaced in serviceCompliance period endsCreditBondsHUD notes
Kensington Square ApartmentsElyria190 / 19220092023No
Kensington Square ApartmentsElyria190 / 19220092023
Westway Gardens ApartmentsElyria300 / 30020102024Yesnonprofit sponsor
Marshall Plaza ApartmentsLorain89 / 89201220264% and 9%No
Lmha Oberlin HomesOberlin51 / 51201320274%
Midview Crossing ApartmentsElyria / 138201420284% and 9%No
Arlington Square ApartmentsElyria60 / 59201820324% and 9%
Cottages at Riverview, TheElyria62 / 62201820324% and 9%
Chadwick Place ApartmentsElyria46 / 46201920334% and 9%

Year 30 window 30-year minimum extended use ends 2022 to 2034 (12)

PropertyCityLow-income / total unitsPlaced in service30-year minimum endsCreditBondsHUD notes
South LorainLorain13 / 13199320229%No
Threshold HomesLorain40 / 40199520249%No
Jenna Terrace ApartmentsLorain64 / 64199620259%No
Lorain Green ILorain48 / 48199720269%Nononprofit sponsor
Lorain HomesLorain8 / 8199720269%Nononprofit sponsor
Park Meadow VElyria16 / 16199720269%No
Sheffield Meadows ApartmentsLorain60 / 60199720269%Nononprofit sponsor
Timber LakeAvon252 / 252200120304%Yes
Southern Heights MultifamilyLorain56 / 63200220314% and 9%Nononprofit sponsor
Pearl Village ApartmentsLorain80 / 80200320324%Yes
Westgate Garden ApartmentsLorain72 / 72200320324%Yes
Nativity ManorLorain32 / 38200420334% and 9%Nononprofit sponsor

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 12; 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 Lorain County's 19 qualified census tracts on HUD's 2027 list (check an address).

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