IRS Revenue Procedure 2023-34: 2024 Housing Credit and Housing Bond Volume Caps
The Internal Revenue Service’s Revenue Procedure 2023-34 provides the 2024 per-capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds. In 2024, states will receive the greater of $2.90 per capita or $3,360,000 in Housing Credit authority and the greater of $125 per capita or $378,230,000 in PAB volume cap.
