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NAHMA LIHTC Update: IRS Issues LIHTC Per-Capita Multiplier and PAB Multiplier for 2021

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. 

IRS Issues LIHTC Per-Capita Multiplier and PAB Multiplier for 2021


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 available here.

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