The Internal Revenue Service released population estimates for 2016. Annual population estimates determine the amount of Low-Income Housing Tax Credit and tax-exempt private activity bond authority is available for a given year.
In order to determine the LIHTC authority for this year, the number of people estimated to be living in each state will be multiplied by $2.35. Unless that result is smaller than $2.69 million, the state will receive that much in LIHTC authority to distribute to build affordable housing. If the result is smaller than $2.69 million, it will receive $2.69 million in authority.
A state’s tax-exempt bond volume cap will be the greater of $100 multiplied by the state population or $302,875,000.
| State | Population | Estimated LIHTC Authority | Estimated Tax-Exempt Private Activity Bond Cap |
|---|---|---|---|
| Alabama | 4858979 | $11,418,601 | $485,897,900 |
| Alaska | 738432 | $2,690,000 | $302,875,000 |
| American Samoa | 54343 | $2,690,000 | $302,875,000 |
| Arizona | 6828065 | $16,045,953 | $682,806,500 |
| Arkansas | 2978204 | $6,998,779 | $302,875,000 |
| California | 39144818 | $91,990,322 | $3,914,481,800 |
| Colorado | 5456574 | $12,822,949 | $545,657,400 |
| Connecticut | 3590886 | $8,438,582 | $359,088,600 |
| Delaware | 945934 | $2,690,000 | $302,875,000 |
| DC | 672228 | $2,690,000 | $302,875,000 |
| Florida | 20271272 | $47,637,489 | $2,027,127,200 |
| Georgia | 10214860 | $24,004,921 | $1,021,486,000 |
| Hawaii | 1431603 | $3,364,267 | $302,875,000 |
| Idaho | 1654930 | $3,889,086 | $302,875,000 |
| Illinois | 12859995 | $30,220,988 | $1,285,999,500 |
| Indiana | 6619680 | $15,556,248 | $661,968,000 |
| Iowa | 3123899 | $7,341,163 | $312,389,900 |
| Kansas | 2911641 | $6,842,356 | $302,875,000 |
| Kentucky | 4425092 | $10,398,966 | $442,509,200 |
| Louisiana | 4670724 | $10,976,201 | $467,072,400 |
| Maine | 1329328 | $3,123,921 | $302,875,000 |
| Maryland | 6006401 | $14,115,042 | $600,640,100 |
| Massachusetts | 6794422 | $15,966,892 | $679,442,200 |
| Michigan | 9922576 | $23,318,054 | $992,257,600 |
| Minnesota | 5489594 | $12,900,546 | $548,959,400 |
| Missouri | 2992333 | $7,031,983 | $302,875,000 |
| Montana | 6083672 | $14,296,629 | $608,367,200 |
| Nebraska | 1032949 | $2,690,000 | $302,875,000 |
| Nebraska | 1896190 | $4,456,047 | $302,875,000 |
| Nevada | 2890845 | $6,793,486 | $302,875,000 |
| New Hampshire | 1330608 | $3,126,929 | $302,875,000 |
| New Jersey | 8958013 | $21,051,331 | $895,801,300 |
| New Mexico | 2085109 | $4,900,006 | $302,875,000 |
| New York | 19795791 | $46,520,109 | $1,979,579,100 |
| North Carolina | 10042802 | $23,600,585 | $1,004,280,200 |
| North Dakota | 756927 | $2,690,000 | $302,875,000 |
| Northern Mariana Islands | 52344 | $2,690,000 | $302,875,000 |
| Ohio | 11613423 | $27,291,544 | $1,161,342,300 |
| Oklahoma | 3911338 | $9,191,644 | $391,133,800 |
| Oregon | 4028977 | $9,468,096 | $402,897,700 |
| Pennsylvania | 12802503 | $30,085,882 | $1,280,250,300 |
| Puerto Rico | 3474182 | $8,164,328 | $347,418,200 |
| Rhode Island | 1056298 | $2,690,000 | $302,875,000 |
| South Carolina | 4896146 | $11,505,943 | $489,614,600 |
| South Dakota | 858469 | $2,690,000 | $302,875,000 |
| Tennessee | 6600299 | $15,510,703 | $660,029,900 |
| Texas | 27469114 | $64,552,418 | $2,746,911,400 |
| Utah | 2995919 | $7,040,410 | $302,875,000 |
| Vermont | 626042 | $2,690,000 | $302,875,000 |
| Virginia | 8382993 | $19,700,034 | $838,299,300 |
| Virgin Islands | 103574 | $2,690,000 | $302,875,000 |
| Washington | 7170351 | $16,850,325 | $717,035,100 |
| West Virginia | 1844128 | $4,333,701 | $302,875,000 |
| Wisconsin | 5771337 | $13,562,642 | $577,133,700 |
| Wyoming | 586107 | $2,690,000 | $302,875,000 |
