File: 
HC_Bulletin_Dec_2011.pdf
File: 
rr-11-31.pdf

Summary

  • The Internal Revenue Service has released Revenue Ruling 2011-31, which establishes the applicable Housing Credit percentages under Section 42(b)(2) for December 2011. 

    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%.
     
    The December 2011 Housing Credit percentages are as follows:
    7.47% for the 70% Present Value Credit
    3.20% for the 30% Present Value Credit