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November 2015 Housing Credit Percentages
The Internal Revenue Service (IRS) released Revenue Ruling 2015-22, which establishes the applicable Housing Credit percentages under Section 42(b)(1) for November 2015.
The November 2015 Housing Credit percentages are:
- 7.48 percent for the 70% Present Value Credit
- 3.20 percent for the 30% Present Value Credit
Please note, these are the percentages to which KHC will underwrite all Housing Credit applications submitted in the 2016 funding round.
As a reminder, the Universal Funding Application (UFA) system is now open and the deadline for application submissions is 5 p.m. ET, Friday, December 18, 2015.
If you have questions, please contact Andrew Hawes toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 326; TTY 711; or email ahawes@kyhousing.org.
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Changes to FEMA Mapping Service
There have been significant changes to FEMA's Flood Map Service Center. Applicants for multifamily housing programs are required to provide proof of floodplain status with application submittals. If you have questions, please contact Mark Taylor toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 420; TTY 711; or email mataylor@kyhousing.org. |
