Acquisitions
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, and before December 31, 2013, shall not be less than 9%.
| Month | 70% PVC | 30% PVC | |
|---|---|---|---|
| Current Month | May 2012 | 7.48% | 3.21% |
| Past Months | April 2012 | 7.44% | 3.19% |
| March 2012 | 7.43% | 3.18% | |
| February 2012 | 7.42% | 3.18% | |
| January 2012 | 7.44% | 3.19% | |
| December 2011 | 7.47% | 3.20% | |
| November 2011 | 7.44% | 3.19% | |
| October 2011 | 7.48% | 3.20% | |
| September 2011 | 7.60% | 3.26% | |
| August 2011 | 7.66% | 3.28% | |
| July 2011 | 7.68% | 3.29% | |
| June 2011 | 7.73% | 3.31% | |
| May 2011 | 7.77% | 3.33% |