LIHTC State Caps for 2020 Include 2 Percent Per-Capita Boost

Thursday, November 7, 2019 - 9:30am

The Internal Revenue Service today issued the inflation-adjusted amounts for states’ low-income housing tax credit (LIHTC) and private activity bonds (PAB) for 2020. Revenue Procedure 2019-44 sets the state ceiling for the LIHTC at the greater of $2.8125 multiplied by the state population or $3,217,500. The per-capita number is an increase of 2 percent over 2019 and the state minimum is an increase of $50,625. The PAB cap is the greater of $105 multiplied by the state population or $321,775,000–the same per-capita figure as 2019 and slightly more than a $5 million boost for the state minimum.