2016 LIHTC and Bond Caps Revealed

By Donna Kimura

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.

Donna Kimura is deputy editor of Affordable Housing Finance. She has covered the industry for more than a decade. Before that, she worked at an internet company and several daily newspapers. Connect with Donna at [email protected] or follow her @DKimura_AHF.