One of proposals is to allow states to cash in some of their volume cap to use for additional LIHTC with a ceiling of 7% of cap that can be transferred for LIHTC use.
Using my understanding of the formula in the budget document I project that Oregon could gain another $1.654 million in LIHTC by cashing in $25.93 million in volume cap. (This seems highly doable as little of the cap is now being used).
This would amount to up to an 18.7% boost in LIHTC for Oregon, using a projected current LIHTC allocation of $8.83 million.
My calculations are pasted in as image below; would VERY much appreciate any feedback OR correction of my assumptions:
Originally created or posted on the Oregon Housing Blog.
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