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.
