The Council for Affordable and Rural Housing (CARH) is a national non-profit trade organization. Since 1980, CARH has served as the nation’s premier association for participants in the affordable rural housing profession, including: Builders, Owners, Developers, Managers, Non-profits, Housing Authorities, Syndicators, Accountants, Architects, Attorneys, Bankers, and companies that supply goods and services to the industry.

The IRS publishes monthly credit percentages that apply to low-income housing tax credit buildings placed in service that month. There are two rates: the 70% present value credit (PVC) and the 30% present value credit. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expendiretures that are not federally subsidized. The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures.