Each month, the Internal Revenue Service publishes housing credit percentages that apply to buildings placed in service each month under the Housing Tax Credit program.
Maximum 30% present value credit (PVC) rate
For property acquisition expenditures and federally subsidized 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%.
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 housing tax credit percentage rate for the 70% credit.
Current Month |
30% PVC |
|---|---|
| December 2023 | 3.49% |
Recent Months |
30% PVC |
| November 2023 | 3.47% |
| October 2023 | 3.44% |
| September 2023 | 3.42% |
| August 2023 | 3.40% |
| July 2023 | 3.39% |
| June 2023 | 3.36% |
| May 2023 | 3.36% |
| April 2023 | 3.41% |
| March 2023 | 3.37% |
| February 2022 | 3.38% |
| January 2023 | 3.38% |
| December 2022 | 3.43% |