The Internal Revenue Service has revealed the low-income housing tax credit (LIHTC) and private-activity bond caps for 2017.
The amounts used to calculate each state’s LIHTC ceiling next year will be the greater of $2.35 multiplied by the state population, which remains the same as 2016, or $2,710,000, a $30,000 increase over this year's cap.
For 2017, 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 $305,315,000. That’s up from $302,875,000 this year.