Portsmouth city, Virginia · Year 15 and Year 30

Year 15 and Year 30 tax credit properties in Portsmouth city, Virginia

15 monitored tax credit properties in Portsmouth city (1,742 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 10 (1,055 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2025, with 3. All are in Portsmouth.

15at Year 15, 2022-2034
10at Year 30, 2022-2034
3Year 15 properties with tax-exempt bonds
0Year 30 properties with a longer term reported to HUD

25 properties.

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

PropertyCityLow-income / total unitsPlaced in serviceCompliance period endsCreditBondsHUD notes
Crescent PlacePortsmouth156 / 156200820229%No
King SquarePortsmouth57 / 57200820224%Yesnonprofit sponsor
Belle HallPortsmouth120 / 120200920239%No
Effingham PlazaPortsmouth177 / 178201020249%Nononprofit sponsor
Hamilton Place Phase IPortsmouth84 / 84201120254%Yesnonprofit sponsor
Phoebus SquarePortsmouth122 / 122201120254%Yesnonprofit sponsor
South BayPortsmouth60 / 61201120259%Nononprofit sponsor
London OaksPortsmouth296 / 29620122026TCEPNo
Seaboard Square IPortsmouth121 / 121201220269%Nononprofit sponsor
Southside GardensPortsmouth134 / 13420122026TCEPNo
Hope VillagePortsmouth48 / 48201520299%Nononprofit sponsor
Malvern HillsPortsmouth55 / 55201520299%Nononprofit sponsor
Westbury CottagesPortsmouth16 / 16201520299%Nononprofit sponsor
Dale Homes - Phase IPortsmouth146 / 146201720314%
Dale Homes Phase IIPortsmouth150 / 150201820324%

Year 30 window 30-year minimum extended use ends 2022 to 2034 (10)

PropertyCityLow-income / total unitsPlaced in service30-year minimum endsCreditBondsHUD notes
Commons at GreenwoodPortsmouth36 / 52199520249%No
Arbour ReachPortsmouth92 / 92199820279%No
Victory VillagePortsmouth111 / 112199820274%Yes
Stone RidgePortsmouth207 / 207200120304%Yes
Mallard CovePortsmouth160 / 160200220314%Yes
Pine Street VillagePortsmouth58 / 58200220319%No
Shea Terrace SeniorPortsmouth21 / 21200420339%Nononprofit sponsor
Ansell GardensPortsmouth78 / 78200520349%Nononprofit sponsor
Victory Square SeniorsPortsmouth112 / 112200520349%Nononprofit sponsor
Whispering OaksPortsmouth180 / 180200520349%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 10; 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 Portsmouth city's 11 qualified census tracts on HUD's 2027 list (check an address).

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