Industry syndicators report cautious optimism for the 2026 LIHTC equity market, with pricing stabilizing after volatility in late 2025. Investor demand remains strong as expanded credit allocations increase deal flow.

• 12.5% permanent increase in 9% credits expanding supply nationwide
• 25% bond threshold unlocking additional 4% LIHTC deals
• Corporate tax reform discussions have not reduced LIHTC value to investors
• Construction costs remain elevated, squeezing deal economics
• California, Massachusetts, and Missouri deals command pricing premiums
• Credit pricing in mid-80s to low-90s for well-structured deals
• NCSHA and Novogradac to release comprehensive market data in March

Market conditions support moving forward with pipeline projects. Syndicators emphasize realistic operating projections and demonstrated development capacity.

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