December 30, 2013! Without Congressional action, this is the last day a building using low-income housing tax credits (LIHTCs) can be placed in service and benefit from a 9 percent applicable percentage. Meeting the Dec. 30, 2013 deadline is critically important for many LIHTC projects. However, with careful planning, owners can preserve the 9 percent rate for some projects, or at least find a way for a project to use its full allocation of credits. Meanwhile, the industry continues to work with Congress to extend the 9 percent rate. Hopefully congressional action will someday make this article obsolete.