From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss the Treasury Department's correction to 2026 LIHTC state allocation ceilings.

• Treasury corrects 2026 state ceiling calculations for 9% low-income housing tax credits
• Revised figures reflect permanent 12% allocation increase under One Big Beautiful Bill Act
• 2026 state ceiling: greater of $3.416 multiplied by state population or $3,953,600 minimum floor
• Correction addresses calculation error that understated allocations in several states
• Large states like California, Texas, and New York gain tens of millions in additional credit authority
• Small state minimum ensures adequate allocations for Wyoming, Vermont, and Alaska
• Industry groups flagged discrepancy; Treasury's swift correction ensures full OBBBA intent realized

State housing finance agencies should update their 2026 allocation projections accordingly. Developers with pending applications should confirm with state agencies whether corrected figures apply to current funding cycles.

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Keywords: Treasury Department, LIHTC, Low-Income Housing Tax Credit, 9% LIHTC, state allocation ceiling, per capita multiplier, One Big Beautiful Bill Act, OBBBA, IRS, state housing finance agency, HFA, QAP, Qualified Allocation Plan, tax credit allocation, affordable housing, small state minimum, California, Texas, New York, Wyoming, Vermont, Alaska, Spring Street Management Group]]>