File: 
HC_Bulletin_September_2010.pdf
File: 
rr-10-20.pdf

Summary

  • The Internal Revenue Service has released Revenue Ruling 2010-20, which establishes the applicable Housing Credit percentages under Section 42(b)(2) for September 2010.

    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 September 2010 Housing Credit percentages are as follows:
    7.65% for the 70% Present Value Credit
    3.28% for the 30% Present Value Credit