Thurston County, Washington · Year 15 and Year 30
Year 15 and Year 30 tax credit properties in Thurston County, Washington
11 monitored tax credit properties in Thurston County (1,475 low-income units) reach the end of the 15-year compliance period between 2022 and 2034, and 10 (992 low-income units) reach the 30-year federal minimum for extended use. The busiest Year 15 is 2026, with 2. Most are in Olympia, Lacey, Yelm.
21 properties.
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Year 15 window compliance period ends 2022 to 2034 (11)
| Property | City | Low-income / total units | Placed in service | Compliance period ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| Evergreen Vista I | Olympia | 102 / 104 | 2012 | 2026 | 4% | Yes | nonprofit sponsor; 36-year affordability reported |
| Salmon Run Apartments | Yelm | 39 / 40 | 2012 | 2026 | 9% | No | nonprofit sponsor |
| Ashwood Downs | Olympia | 95 / 96 | 2013 | 2027 | 4% | Yes | |
| Copper Trail | Olympia | 258 / 260 | 2015 | 2029 | 4% | No | 36-year affordability reported |
| Olympia Vista Apartments | Olympia | 141 / 141 | 2015 | 2029 | 4% | Yes | 32-year affordability reported |
| Cac 515 Preservation Portfolio | Yelm | 106 / 109 | 2016 | 2030 | 4% | nonprofit sponsor | |
| Billy Frank Jr. Place | Olympia | 42 / 43 | 2017 | 2031 | 9% | nonprofit sponsor; 40-year affordability reported | |
| Drexel House II | Olympia | 50 / 50 | 2017 | 2031 | 9% | nonprofit sponsor; 40-year affordability reported | |
| Copper Wood Apartments | Lacey | 225 / 228 | 2018 | 2032 | 4% | 34-year affordability reported | |
| Evergreen Villages | Olympia | 178 / 180 | 2018 | 2032 | 4% | ||
| Reserve at Lacey | Lacey | 239 / 241 | 2020 | 2034 | 4% | 40-year affordability reported |
Year 30 window 30-year minimum extended use ends 2022 to 2034 (10)
| Property | City | Low-income / total units | Placed in service | 30-year minimum ends | Credit | Bonds | HUD notes |
|---|---|---|---|---|---|---|---|
| Stuart Place | Olympia | 36 / 36 | 1994 | 2023 | 9% | No | |
| Fern Ridge | Olympia | 49 / 49 | 1995 | 2024 | 9% | No | |
| Fern Ridge II | Olympia | 49 / 50 | 1995 | 2024 | 9% | No | |
| College Glen | Lacey | 161 / 164 | 1996 | 2025 | 9% | No | |
| Courtside Apartments | Olympia | 209 / 211 | 1997 | 2026 | 4% | Yes | |
| Fleetwood Apartments | Olympia | 42 / 43 | 1997 | 2026 | 9% | nonprofit sponsor; 40-year affordability reported | |
| Boardwalk Apartments | Olympia | 280 / 284 | 2000 | 2029 | 4% | Yes | nonprofit sponsor |
| Forest Grove Apartments | Lacey | 115 / 116 | 2000 | 2029 | 4% | Yes | 40-year affordability reported |
| Magnolia Villa | Lacey | 20 / 21 | 2000 | 2029 | 9% | No | nonprofit sponsor; 40-year affordability reported |
| Prairie Run Apartments | Yelm | 31 / 32 | 2002 | 2031 | 9% | No | nonprofit sponsor; 40-year affordability reported |
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 4 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 Thurston County's 4 qualified census tracts on HUD's 2027 list (check an address).
More Thurston County data
- Thurston County 2026 income and rent limitsHUD MTSP
- Washington 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 Thurston County buyouts and resyndications.