The IRS released new 2026 per capita multipliers for private activity bonds and LIHTCs in early October and we covered the release in our October 15 edition.
- Originally the IRS did not apply the 12 percent allocation increase enacted in the One Big Beautiful Bill Act and only factored in adjustments for inflation.
The IRS updated Revenue Procedure 2025-32 changing the 9% LIHTC multiplier from $3.05 to $3.416.
By the numbers: In the past, the IRS has rounded down the multiplier to the nearest nickel. An additional 1.6 cents in a state of 10 million could produce eight more affordable apartments.
Go deeper: Check out Dirk Wallace’s Notes from Novogradac on the updates.
