Blog
NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for March, 2017
Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2017-07, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for March 2017.
As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for March 2017, which includes:
- Appropriate percentage for the 70% present value low-income housing credit: 7.56%
- Appropriate percentage for the 30% present value low-income housing credit: 3.24%
Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%.
To view the revenue ruling from the IRS, please click here.
&‹
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email jbilowich@nahma.org, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.