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The Internal Revenue Service has announced an increase in the private-activity bond volume cap while the low-income housing tax credit (LIHTC) multiplier will remain the same in 2021. The multiplier is $2.8125, which is multiplied by a state’s population to determine the volume of 9 percent credits the state will have. The amounts used to calculate the state credit ceiling ultimately for 9 percent LIHTCs will be the greater of the multiplier amount or $3,245,625. While there is no change to the multiplier, the small state minimum has increased $28,125 from $3,217,500 this year.
