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IHCDA > Credit Percentages Credit Percentages

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GotEach 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 ratesone 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.

Please contact IHCDA Tax Credit Allocation Staff to learn more.

The June 2012 housing credit percentages are as follows:

7.48 for the 70% present value credit
3.21 for the 30% present value credit

* Note: The Housing and Economic Recovery Act of 2008 set a 9% minimum tax credit percentage rate for the 70% credit for new and substantially rehabilitated buildings placed in service after July 30, 2008 and before December 31, 2013.  This minimum tax credit percentage rate is applicable only to the 70% credit.  The August ’08 applicable percentages shown above were set by the IRS in Revenue Ruling 2008-43.  The September ’08 applicable percentages shown above were set by the IRS in Revenue Ruling 2008-46, which does not discuss the enactment of the Housing and Economic Recovery Act of 2008.

Housing Credit Applicable Percentages
70% PVC 30% PVC
May '05 8.06 3.45
June '05 8.00 3.43
July '05 7.95 3.41
August '05 7.96 3.41
September '05 8.01 3.43
October '05 7.98 3.42
November '05 8.02 3.44
December '05 8.08 3.46
January '06 8.07 3.46
February '06 8.05 3.45
March '06 8.07 3.46
April '06 8.11 3.47
May '06 8.15 3.49
June '06 8.21 3.52
July '06 8.21 3.52
August '06 8.23 3.53
September '06 8.19 3.51
October '06 8.15 3.49
November '06 8.12 3.48
December '06 8.12 3.48
January '07 8.08 3.46
February '07 8.11 3.48
March '07 8.15 3.49
April '07 8.10 3.47
May '07 8.11 3.47
June '07 8.11 3.48
July '07 8.18 3.50
August '07 8.21 3.52
September '07 8.11 3.47
October '07 8.07 3.46
November '07 8.08 3.46
December '07 8.03 3.44
January '08 7.93 3.40
February '08 7.92 3.40
March '08 7.84 3.36
April '08 7.84 3.36
May '08 7.89 3.34
June '08 7.80 3.38
July '08 7.93 3.40
August '08 7.94 3.40
September '08 7.93 3.40
October '08 7.87 3.37
November '08 7.83 3.36
December '08 7.84 3.36
January '09 7.65 3.28
February '09 7.53 3.23
March '09 7.63 3.27
April '09 7.67 3.29
May '09 7.65 3.28
June '09 7.71 3.30
July '09 7.82 3.35
August '09 7.82 3.35
September '09 7.84 3.36
October '09 7.87 3.33
November '09 7.76 3.33
December '09 7.79 3.34
January '10 7.76 3.34
February '10 7.84 3.36
March '10 7.81 3.35
April '10 7.82 3.35
May '10 7.85 3.36
June '10 7.81 3.35
July '10 7.73 3.31
August '10 7.69 3.31
September '10 7.65 3.28
October '10 7.58 3.25
November '10 7.57 3.24
December '10 7.58 3.24
January '11 7.67 3.29
February '11 7.75 3.32
March '11 7.78 3.33
April '11 7.78 3.33
May '11 7.77 3.33
June '11 7.73 3.31
July '11 7.68 3.29
August '11 7.66 3.28
September '11 7.60 3.26
October '11 7.48 3.20
November '11 7.44 3.19
December '11 7.47 3.20
January '12 7.44 3.19
February '12 7.42 3.18
March '12 7.43 3.18
April '12 7.44 3.19
May '12 7.48 3.21
June '12 7.43 3.18
July '12 7.37 3.16
August '12 7.36 3.15
September '12 7.35 3.16
October '12 7.38 3.16
November '12 7.38 3.16
December '12 7.38 3.16