The IRS recently released Notice 2017-19, which gives states population figures used in determining LIHTC allocation amounts as well as private activity bond caps. Rev. Proc. 2016-55 specifies that for the year 2017, each state shall receive the greater of $2.35 multiplied by the state’s population or $2,710,000. Section 3.20 of the same Re. Proc. Outlines bond cap as the greater of $100 multiplied by the state’s population or $305,315,000. The chart below is taken from the IRS Notice.
| State | Population | Estimated LIHTC Authority | Estimated Tax-Exempt Private Activity Bond Cap |
|---|---|---|---|
| Alabama | 4,863,300 | $11,428,755.00 | $486,330,000.00 |
| Alaska | 741,894 | $2,710,000.00 | $305,315,000.00 |
| American Samoa | 54,194 | $2,710,000.00 | $305,315,000.00 |
| Arizona | 6,931,071 | $16,288,016.85 | $693,107,100.00 |
| Arkansas | 2,988,248 | $7,022,382.80 | $305,315,000.00 |
| California | 39,250,017 | $92,237,539.95 | $3,925,001,700.00 |
| Colorado | 5,540,545 | $13,020,280.75 | $554,054,500.00 |
| Connecticut | 3,576,452 | $8,404,662.20 | $357,645,200.00 |
| Delaware | 952,065 | $2,710,000.00 | $305,315,000.00 |
| District of Columbia | 681,170 | $2,710,000.00 | $305,315,000.00 |
| Florida | 20,612,439 | $48,439,231.65 | $2,061,243,900.00 |
| Georgia | 10,310,371 | $24,229,371.85 | $1,031,037,100.00 |
| Guam | 162,742 | $2,710,000.00 | $305,315,000.00 |
| Hawaii | 1,428,557 | $3,357,108.95 | $305,315,000.00 |
| Idaho | 1,683,140 | $3,955,379.00 | $305,315,000.00 |
| Illinois | 12,801,539 | $30,083,616.65 | $1,280,153,900.00 |
| Indiana | 6,633,053 | $15,587,674.55 | $663,305,300.00 |
| Iowa | 3,134,693 | $7,366,528.55 | $313,469,300.00 |
| Kansas | 2,907,289 | $6,832,129.15 | $305,315,000.00 |
| Kentucky | 4,436,974 | $10,426,888.90 | $443,697,400.00 |
| Louisiana | 4,681,666 | $11,001,915.10 | $468,166,600.00 |
| Maine | 1,331,479 | $3,128,975.65 | $305,315,000.00 |
| Maryland | 6,016,447 | $14,138,650.45 | $601,644,700.00 |
| Massachusetts | 6,811,779 | $16,007,680.65 | $681,177,900.00 |
| Michigan | 9,928,300 | $23,331,505.00 | $992,830,000.00 |
| Minnesota | 5,519,952 | $12,971,887.20 | $551,995,200.00 |
| Mississippi | 2,988,726 | $7,023,506.10 | $305,315,000.00 |
| Missouri | 6,093,000 | $14,318,550.00 | $609,300,000.00 |
| Montana | 1,042,520 | $2,710,000.00 | $305,315,000.00 |
| Nebraska | 1,907,116 | $4,481,722.60 | $305,315,000.00 |
| Nevada | 2,940,058 | $6,909,136.30 | $305,315,000.00 |
| New Hampshire | 1,334,795 | $3,136,768.25 | $305,315,000.00 |
| New Jersey | 8,944,469 | $21,019,502.15 | $894,446,900.00 |
| New Mexico | 2,081,015 | $4,890,385.25 | $305,315,000.00 |
| New York | 19,745,289 | $46,401,429.15 | $1,974,528,900.00 |
| North Carolina | 10,146,788 | $23,844,951.80 | $1,014,678,800.00 |
| North Dakota | 757,952 | $2,710,000.00 | $305,315,000.00 |
| Northern Mariana Islands | 53,467 | $2,710,000.00 | $305,315,000.00 |
| Ohio | 11,614,373 | $27,293,776.55 | $1,161,437,300.00 |
| Oklahoma | 3,923,561 | $9,220,368.35 | $392,356,100.00 |
| Oregon | 4,093,465 | $9,619,642.75 | $409,346,500.00 |
| Pennsylvania | 12,784,227 | $30,042,933.45 | $1,278,422,700.00 |
| Puerto Rico | 3,411,307 | $8,016,571.45 | $341,130,700.00 |
| Rhode Island | 1,056,426 | $2,710,000.00 | $305,315,000.00 |
| South Carolina | 4,961,119 | $11,658,629.65 | $496,111,900.00 |
| South Dakota | 865,454 | $2,710,000.00 | $305,315,000.00 |
| Tennessee | 6,651,194 | $15,630,305.90 | $665,119,400.00 |
| Texas | 27,862,596 | $65,477,100.60 | $2,786,259,600.00 |
| Utah | 3,051,217 | $7,170,359.95 | $305,315,000.00 |
| Vermont | 624,594 | $2,710,000.00 | $305,315,000.00 |
| Virginia | 8,411,808 | $19,767,748.80 | $841,180,800.00 |
| Virgin Islands, U.S. | 102,951 | $2,710,000.00 | $305,315,000.00 |
| Washington | 7,288,000 | $17,126,800.00 | $728,800,000.00 |
| West Virginia | 1,831,102 | $4,303,089.70 | $305,315,000.00 |
| Wisconsin | 5,778,708 | $13,579,963.80 | $577,870,800.00 |
| Wyoming | 585,501 | $2,710,000.00 | $305,315,000.00 |
