IRS Publishes Housing Credit and Private Activity Bond 2021 Volume Cap Amounts

On October 26, the Internal Revenue Service issued Revenue Procedure 2020-45, providing the 2021 per capita and small state minimum levels for the Housing Credit and Private Activity Bond (PAB) volume caps. In 2021, states will receive the greater of $2.81 per capita or $3,245,625 in Housing Credit authority. The Housing Credit per capita amount is the same as it was in 2020, but the small state minimum increased from $3,217,500. The PAB volume cap in 2021 is the greater of $110 per capita or $324,995,000, an increase over 2020 when the PAB volume cap was $105 per capita or $321,775,000.