NAHMA LIHTC Update: IRS Issues LIHTC Per-Capita Multiplier and PAB Multiplier for 2021October 27, 2020 Dear NAHMA Members,
The Internal Revenue Service recently published Revenue Procedure 2020-45, which states the LIHTC per-capita multiplier will remain the same for 2021, while the state private activity bond per-capita multiplier will increase by $5. Low-Income Housing Credit: For calendar year 2021, the amount used to calculate the State housing credit ceiling for the low income housing credit is the greater of (1) $2.8125 multiplied by the State population, or (2) $3,245,625. Private Activity Bonds Volume Cap: For calendar year 2021, the amounts used to calculate the State ceiling for the volume cap for private activity bonds is the greater of (1) $110 multiplied by the State population, or (2) $324,995,000. IRS Revenue Procedure 2020-45 is attached and also available here. |