On November 15, 2018, the IRS published Revenue Procedure 2018-57 providing the 2019 per capita and small state minimum volume caps for the Housing Credit program and Private Activity Bonds (PAB). The ceiling for the Housing Credit program is the greater of the per capita rate of $2.76 or $3,166.875. This is a $0.05 increase over the 2018 figures equating to a $61,875 increase for the state minimum. The state ceiling for PABs volume will be the greater of the per capita rate of $105 or $316,745,00. This is an unchanged figure from 2018 but the state minimum increased by $6.035 million.
IRS Publishes 2019 Credit and Bond Cap Figures
