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 |
---|---|---|
January 2021 | 7.21 | 3.09 |
December 2020 | 7.20 | 3.09 |
November 2020 | 7.18 | 3.08 |
October 2020 | 7.17 | 3.07 |
September 2020 | 7.15 | 3.07 |
August 2020 | 7.17 | 3.07 |
July 2020 | 7.18 | 3.08 |
June 2020 | 7.16 | 3.07 |
May 2020 | 7.20 | 3.08 |
April 2020 | 7.28 | 3.12 |
March 2020 | 7.40 | 3.17 |
February 2020 | 7.45 | 3.19 |
January 2020 | 7.43 | 3.18 |
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 |