The Internal Revenue Service has announced the low-income housing tax credit (LIHTC) and bond caps for 2016.
The amounts used to calculate each state’s LIHTC ceiling next year will be the greater of $2.35 multiplied by the state population or $2,690,000. That’s an increase from $2.30 and $2,680,000 this year.
For 2016, the amounts used to calculate the state ceiling for
private-activity bonds is the greater of $100 multiplied by the state
population, which has been the same since 2014, or $302,875,000. That’s up from
$301,515,000 this year.