March 2010 Housing Credit Percentages

The Internal Revenue Service has released Revenue Ruling 2010-08, which establishes the applicable Housing Credit percentages under Section 42(b)(2) for March 2010. The revenue ruling is enclosed.

 

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 March 2010 Housing Credit percentages are as follows:

 

7.81% for the 70% Present Value Credit

 

3.35% for the 30% Present Value Credit