Low-Income Housing Tax Credit:
Facts & Figures
Applicable Federal Rates
March |
||||
| Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | .64% | .64 % | .64% | .64% |
| Mid-term (>3 yrs <9 yrs) | 2.69% | 2.67% | 2.66% | 2.66% |
| Long-term (>9 yrs) | 4.35% | 4.30% | 4.28% | 4.26% |
Tax Credit Percentages
| 30% | 70% | |
March |
3.35% | 7.81*% |
*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
Jun. 2007 - Dec. 2009
