Low-Income Housing Tax Credit:
Facts & Figures
Applicable Federal Rates
September |
||||
| Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | .46% | .46% | .46% | .46% |
| Mid-term (>3 yrs <9 yrs) | 1.94% | 1.93% | 1.93% | 1.92% |
| Long-term (>9 yrs) | 3.66% | 3.63% | 3.61% | 3.60% |
Tax Credit Percentages
| 30% | 70% | |
September |
3.28% | 7.65*% |
*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
Dec. 2007 - Jun. 2010
