Low-Income Housing Tax Credit:

Facts & Figures

Applicable Federal Rates

June
Period for Compounding Annual Semiannual Quarterly Monthly
Short-term (<3 yrs) .43% .43% .43% .43%
Mid-term (>3 yrs <9 yrs) 1.60% 1.59% 1.59% 1.58%
Long-term (>9 yrs) 2.50% 2.48% 2.47% 2.47%

Tax Credit Percentages

  30% 70%

June
Rev. Rul. 2015-14

3.20%

7.47*%

*Note:

Under Section 42(b)(2), the applicable percentage for LIHTC allocations made before Jan. 1, 2014, shall not be less than 9%. As extended by H.R. 8, the American Taxpayer Relief Act, this fixed rate applies only to allocations, it does not apply to forward commitments. For more information see IRS Notice 2008-106, which provides guidance on applying the 9% floor, the Housing and Economic Recovery Act of 2008, which set the 9% minimum tax credit percentage rate for the 70% credit, or H.R. 8, the American Taxpayer Relief Act of 2012, which amended and extended the provision.

 

LIHTC Pricing Trends
February 2012 – December 2014

February 2002 – December 2014
(click to enlarge)