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LIHTC Update: IRS publishes 2018 Population Estimates

8 May 2018
 May 8, 2018
Category Industry News, News

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.

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