IRS Sets 2022 Per-Capita Multiplier for 9% LIHTCs at $2.60; PAB Small-State Minimum Increases

Wednesday, November 10, 2021 - 9:15am

The multiplier for the state per-capita allocation of 9% low-income housing tax credits (LIHTCs) in 2022 will be $2.60 and the private activity bond (PAB) multiplier will remain at $110, based on Revenue Procedure 2021-45, released today by the Internal Revenue Service (IRS). The small-state minimum for LIHTCs will be $2,975,000 and the small-state minimum for PABs will be $335,115,000. The 9% LIHTC figure is a decrease from 2021, the final year of a four-year 12.5% boost in allocation amount (although a provision to extend that boost is included in reconciliation legislation being considered by Congress). The PAB small-state minimum is an increase of $10,110,000 over the 2021 figure.

Increased competition for PABs and the 4% LIHTCs that come with them will be among the topics at the Novogradac 2021 Tax Credit Housing Conference, Dec. 2-3 in Las Vegas.