Fund Management and Development

IRS Housing Credit Percentages


Each month, the Internal Revenue Service publishes the housing credit percentages that apply to low-income rental housing buildings placed in service that month. There are two separate rates; one for the 70% present value credit (PVC), and one for the 30% present value credit. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expenditures that are not federally subsidized. The maximum 30% rate applies to low-income property acquisition expenditures and federally subsidized low-income new construction or substantial rehabilitation expenditures.

Note: Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, with respect to housing credit dollar amount allocations made before January 1, 2015, shall not be less than 9%.

  Month 70% PVC 30% PVC
Current Month July 2019 7.53% 3.23%
Past Months June 2019 7.59% 3.25%
May 2019 7.59% 3.25%
April 2019 7.63% 3.27%
March 2019 7.63% 3.27%
February 2019 7.64% 3.27%
January 2019 7.70% 3.30%
December 2018 7.74% 3.32%
November 2018 7.72% 3.31%
October 2018 7.67% 3.29%
September 2018 7.68% 3.29%
August 2018 7.66% 3.28%
July 2018 7.68% 3.29%