Tennessee — Capital events & subsidy flows by year
Event-dated aggregates from the benchmark-validated series (year-15 counts validated within ~3% of Novogradac; Section 8 stock within 1% of NLIHC). Properties that exited the LIHTC program are excluded from LIHTC waves. National view →
LIHTC year-15 wave
In-program properties only; year 15 is the equity-exit decision point.
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| Year | Low-Income Units | Count |
|---|---|---|
| 2002 | 106 | 3 |
| 2003 | 89 | 2 |
| 2004 | 214 | 7 |
| 2005 | 450 | 9 |
| 2006 | 420 | 5 |
| 2007 | 358 | 12 |
| 2008 | 440 | 6 |
| 2009 | 1,176 | 13 |
| 2010 | 1,419 | 16 |
| 2011 | 1,235 | 16 |
| 2012 | 959 | 10 |
| 2013 | 1,539 | 18 |
| 2014 | 1,197 | 18 |
| 2015 | 1,198 | 20 |
| 2016 | 2,410 | 26 |
| 2017 | 2,709 | 31 |
| 2018 | 2,046 | 23 |
| 2019 | 2,579 | 32 |
| 2020 | 3,283 | 31 |
| 2021 | 3,863 | 37 |
| 2022 | 2,401 | 27 |
| 2023 | 2,941 | 27 |
| 2024 | 1,166 | 13 |
| 2025 | 3,168 | 44 |
| 2026 | 1,816 | 25 |
| 2027 | 2,170 | 30 |
| 2028 | 771 | 14 |
| 2029 | 1,880 | 23 |
| 2030 | 3,279 | 41 |
| 2031 | 2,696 | 21 |
| 2032 | 2,375 | 22 |
| 2033 | 2,404 | 21 |
| 2034 | 3,849 | 44 |
| 2035 | 2,646 | 23 |
| 2036 | 2,740 | 28 |
| 2037 | 1,086 | 12 |
| 2038 | 1,649 | 12 |
| 2039 | 1,349 | 9 |
Extended-use endings
Dates use the 30-year federal floor (or filed longer periods) — near-term totals overstate reality until state-reported periods are layered in; the wave shape is directionally sound.
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| Year | Low-Income Units | Count |
|---|---|---|
| 2017 | 106 | 3 |
| 2018 | 89 | 2 |
| 2019 | 214 | 7 |
| 2020 | 450 | 9 |
| 2021 | 420 | 5 |
| 2022 | 358 | 12 |
| 2023 | 440 | 6 |
| 2024 | 1,176 | 13 |
| 2025 | 1,419 | 16 |
| 2026 | 1,235 | 16 |
| 2027 | 959 | 10 |
| 2028 | 1,539 | 18 |
| 2029 | 1,197 | 18 |
| 2030 | 1,198 | 20 |
| 2031 | 2,410 | 26 |
| 2032 | 2,709 | 31 |
| 2033 | 2,046 | 23 |
| 2034 | 2,579 | 32 |
| 2035 | 3,283 | 31 |
| 2036 | 3,863 | 37 |
| 2037 | 2,401 | 27 |
| 2038 | 2,941 | 27 |
| 2039 | 1,166 | 13 |
| 2040 | 3,168 | 44 |
| 2041 | 1,816 | 25 |
| 2042 | 2,170 | 30 |
| 2043 | 771 | 14 |
| 2044 | 1,880 | 23 |
| 2045 | 3,279 | 41 |
HAP contract expirations
Active project-based Section 8 family contracts, by full-term expiration year.
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| Year | Assisted Units | Count |
|---|---|---|
| 2026 | 562 | 35 |
| 2027 | 821 | 48 |
| 2028 | 1,698 | 46 |
| 2029 | 1,705 | 53 |
| 2030 | 1,462 | 29 |
| 2031 | 1,423 | 29 |
| 2032 | 1,652 | 27 |
| 2033 | 1,748 | 33 |
| 2034 | 1,316 | 30 |
| 2035 | 1,292 | 24 |
| 2036 | 1,496 | 16 |
| 2037 | 5,578 | 31 |
| 2038 | 4,666 | 35 |
| 2039 | 2,127 | 19 |
| 2040 | 1,800 | 16 |
| 2041 | 2,342 | 23 |
| 2042 | 3,211 | 26 |
| 2043 | 2,612 | 24 |
| 2044 | 4,090 | 41 |
| 2045 | 4,756 | 37 |
Published debt maturities
FHA-insured and USDA loans only — conventional, bond, and agency debt is not on public record.
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| Year | Remaining Principal | Count |
|---|---|---|
| 2025 | — | 2 |
| 2027 | $2.9M | 1 |
| 2028 | — | 4 |
| 2029 | — | 7 |
| 2030 | $127,355 | 18 |
| 2031 | $693,636 | 14 |
| 2032 | $1.2M | 12 |
| 2033 | $1.6M | 22 |
| 2034 | $637,843 | 15 |
| 2035 | $1.4M | 18 |
| 2036 | $843,272 | 17 |
| 2037 | $2.4M | 16 |
| 2038 | — | 17 |
| 2039 | $22.7M | 8 |
| 2040 | $2.6M | 19 |
| 2041 | $2M | 7 |
| 2042 | $1.1M | 15 |
| 2043 | $2.2M | 10 |
| 2044 | — | 7 |
| 2045 | $5.7M | 34 |
HOME/CDBG dollars landed
By IDIS completion year; HOME 5+ unit activities and CDBG activities matched to tracked properties — a floor, not a census.
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| Year | Activity Dollars | Count |
|---|---|---|
| 2000 | $1.7M | 9 |
| 2001 | $3.7M | 21 |
| 2002 | $1.9M | 8 |
| 2003 | $2.3M | 9 |
| 2004 | $4.7M | 9 |
| 2005 | $2.8M | 10 |
| 2006 | $3.4M | 14 |
| 2007 | $3M | 16 |
| 2008 | $2.3M | 10 |
| 2009 | $2M | 8 |
| 2010 | $7.2M | 13 |
| 2011 | $4.4M | 11 |
| 2012 | $41.8M | 35 |
| 2013 | $3.3M | 7 |
| 2014 | $1.8M | 5 |
| 2015 | $3M | 12 |
| 2016 | $1.4M | 2 |
| 2017 | $2.5M | 6 |
| 2018 | $4.9M | 7 |
| 2019 | $3.8M | 4 |
| 2020 | $1M | 3 |
| 2021 | $4.1M | 8 |
| 2022 | $3.1M | 6 |
| 2023 | $199,888 | 1 |
| 2024 | $6.8M | 5 |
| 2025 | $3.7M | 6 |
| 2026 | $6.1M | 4 |
Methodology and reconciliation against published figures: see the glossary. Filter, sort, and drill into properties in the application.