NAHMA LIHTC Update: IRS Publishes 2018 Population Estimates

NAHMA LIHTC Update: IRS Publishes 2018 Population Estimates

Yesterday, the IRS published the 2018 Calendar Year Resident Population Figures, which are used by state and local housing credit agencies that allocate low-income housing tax credits and housing bonds to calculate population-based credit ceilings, volume caps, and volume limits.

For Calendar Year 2018, the amount for calculating the credit ceiling is the greater of $2.70 multiplied by the state population, or $3,105,000. The amount for calculating the volume cap calendar year 2018 is the greater of $105 multiplied by the state population, or $310,710,000.

To find the population figures, please see the attached Notice or click here.