IRS Revenue Procedure 2020-45, 2021 Housing Credit and Housing Bond Volume Caps
IRS Rev. Proc. 2020-45 provides the 2021 per capita and small state minimum levels for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). In 2021, states will receive the greater of $2.81 per capita or $3,245,625 in Housing Credit authority and the greater of $110 per capita or $324,995,000 in PAB volume cap.