IRS Announces New LIHTC Volume Amounts

The new volume caps are the result of a program increased approved under the Consolidated Appropriations Act.

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The new low-income housing tax credit (LIHTC) volume cap is the greater of $2.70 multiplied by a state’s population or $3,105,000 as a result of an increase provided in the recent Consolidated Appropriations Act, announced the Internal Revenue Service in Rev. Procedure 2018-22.

That’s an increase from $2.40 multiplied by a state’s population or the small-state minimum of $2,765,000.

The spending bill boosts the LIHTC volume cap by 12.5% for four years.

About the Author

Donna Kimura

Donna Kimura is deputy editor of Affordable Housing Finance. She has covered the industry for more than 20 years. Before that, she worked at an Internet company and several daily newspapers. Connect with Donna at dkimura@questex.com or follow her @DKimura_AHF.

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