IRS Releases Population Figures for Calculating 2019 LIHTCs, PABs

IRS Releases Population Figures for Calculating 2019 LIHTCs, PABs



The IRS recently released 2019 population figures indicating that the 2019 LIHTC ceiling and tax-exempt private activity bond (PAB) cap for all states will increase. From 2018–2019, the U.S. population increased by 1,448,256 people to 327,167,434 in total, representing a 0.4 percent gain. U.S. territories lost more than 140,000 people, a 3.8 percent decrease. The FY 2018 omnibus appropriations bill provided a 12.5 percent increase in LIHTC allocations from 2018–2021. For 2019–2021, annual inflation adjustments would be applied to the new 2018 allocation amounts.

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