Blog

NAHMA LIHTC Update: Rates for November 2022

Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2022-20, 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 November 2022.
Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2022-20, 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 November 2022.
 
As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for November 2022:
  • Appropriate percentage for the 70% present value low-income housing credit: 7.91%
  • Appropriate percentage for the 30% present value low-income housing credit: 3.39%
 
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%.

>> Read All of IRS Revenue Ruling 2022-20

Contributors

    Contributors

      Member Programs


      Multi-Family Insurance Program


      Facilities Maintenance Buying Program



      2024 NAHMA Drug-Free Kids Calendar
      Order Yours Today!