Low-Income Housing Tax Credit:
Facts & Figures
Applicable Federal Rates
May |
||||
| Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | .28% | .28% | .28% | .28% |
| Mid-term (>3 yrs <9 yrs) | 1.30% | 1.30% | 1.30% | 1.30% |
| Long-term (>9 yrs) | 2.89% | 2.87% | 2.86% | 2.85% |
Tax Credit Percentages
| 30% | 70% | |
May |
3.21% | 7.48*% |
*Note:
Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before December 31, 2013, shall not be less than 9%. For more information see IRS Notice 2008-106, which provides guidance on applying the new 9% floor, or the Housing and Economic Recovery Act of 2008, which set the 9% minimum tax credit percentage rate for the 70% credit.
LIHTC Pricing Trends
May 2009 - Nov. 2011
