The Internal Revenue Service each month publishes the credit percentages that apply to low-income housing tax credit buildings that are placed in service that month. There are two separate rates — one for 70% present value credit (PVC) and one for the 30% present value credit. NOTE: the 70% rate is currently fixed by statute at 9%. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expenditures that aren’t federally subsidized (e.g.; funded with tax-exempt bond proceeds or with below market federal loans).
The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures for low-income buildings.
| LIHTC Rates | 70% PVC | 30% PVC |
|---|---|---|
| December 2019 | 7.43 | 3.19 |
| November 2019 | 7.40 | 3.17 |
| October 2019 | 7.39 | 3.17 |
| September 2019 | 7.46 | 3.20 |
| August 2019 | 7.48 | 3.21 |
| July 2019 | 7.53 | 3.23 |
| 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 |
| June 2018 | 7.68 | 3.29 |
| May 2018 | 7.65 | 3.28 |
| April 2018 | 7.66 | 3.28 |
| March 2018 | 7.63 | 3.27 |
| February 2018 | 7.57 | 3.25 |
| January 2018 | 7.55 | 3.24 |
| December 2017 | 7.55 | 3.23 |
| November 2017 | 7.53 | 3.23 |
| October 2017 | 7.50 | 3.21 |
| September 2017 | 7.52 | 3.22 |
| August 2017 | 7.52 | 3.22 |
| July 2017 | 7.52 | 3.22 |
| June 2017 | 7.53 | 3.23 |
| May 2017 | 7.55 | 3.24 |
| April 2017 | 7.57 | 3.24 |
| March 2017 | 7.56 | 3.24 |
| February 2017 | 7.56 | 3.24 |
| January 2017 | 7.54 | 3.23 |
| December 2016 | 7.43 | 3.18 |
| November 2016 | 7.39 | 3.17 |
| October 2016 | 7.37 | 3.16 |
| September 2016 | 7.36 | 3.15 |
| August 2016 | 7.35 | 3.15 |
| July 2016 | 7.41 | 3.18 |
| June 2016 | 7.42 | 3.18 |
| May 2016 | 7.42 | 3.18 |
| April 2016 | 7.42 | 3.18 |
| March 2016 | 7.44 | 3.19 |
| February 2016 | 7.51 | 3.22 |
| January 2016 | 7.51 | 3.22 |
| December 2015 | 7.49 | 3.21 |
| November 2015 | 7.48 | 3.20 |
| October 2015 | 7.49 | 3.21 |
| September 2015 | 7.51 | 3.22 |
| August 2015 | 7.53 | 3.23 |
| July 2015 | 7.52 | 3.22 |
| June 2015 | 7.47 | 3.20 |
| May 2015 | 7.44 | 3.19 |
| April 2015 | 7.48 | 3.21 |
| March 2015 | 7.42 | 3.18 |
| February 2015 | 7.47 | 3.20 |
| January 2015 | 7.51 | 3.22 |
| December 2014 | 7.51 | 3.22 |
| November 2014 | 7.55 | 3.24 |
| October 2014 | 7.54 | 3.23 |
| September 2014 | 7.56 | 3.24 |
| August 2014 | 7.57 | 3.24 |
| July 2014 | 7.56 | 3.24 |
| June 2014 | 7.58 | 3.25 |
| May 2014 | 7.60 | 3.26 |
| April 2014 | 7.59 | 3.25 |
| March 2014 | 7.60 | 3.26 |
| February 2014 | 7.64 | 3.27 |
| January 2014 | 7.60 | 3.26 |
| December 2013 | 7.57 | 3.25 |
| November 2013 | 7.59 | 3.25 |
| October 2013 | 7.63 | 3.27 |
| September 2013 | 7.57 | 3.24 |
| August 2013 | 7.55 | 3.24 |
| July 2013 | 7.46 | 3.20 |
| June 2013 | 7.39 | 3.17 |
| May 2013 | 7.41 | 3.18 |
| April 2013 | 7.43 | 3.19 |
| March 2013 | 7.43 | 3.18 |
| February 2013 | 7.40 | 3.17 |
| January 2013 | 7.36 | 3.16 |
| December 2012 | 7.38 | 3.16 |
| November 2012 | 7.38 | 3.16 |
| October 2012 | 7.38 | 3.16 |
| September 2012 | 7.35 | 3.15 |
| August 2012 | 7.36 | 3.15 |
| July 2012 | 7.37 | 3.16 |
| June 2012 | 7.43 | 3.18 |
| May 2012 | 7.48 | 3.21 |
| 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 |
