Notice 2026-22

This notice advises State and local housing credit agencies that allocate low-income housing tax credits under § 42 of the Internal Revenue Code, and States and other issuers of tax-exempt private activity bonds under § 141, of the population figures to use in calculating: (1) the 2026 calendar year population-based

component of the State housing credit ceiling (Credit Ceiling) under § 42(h)(3) (C)(ii); (2) the 2026 calendar year volume cap (Volume Cap) under § 146; and (3) the 2026 volume limit (Volume Limit) under § 142(k)(5).

Generally, the population-based component of both the Credit Ceiling and the Volume Cap are determined under § 146(j), which requires determining the population figures for any calendar year on the basis of the most recent census estimate of the resident population of a State (or issuing authority) released by the U.S. Census Bureau before the beginning of the calendar year. Similarly, § 142(k)(5) bases the Volume Limit on the State population.

Sections 42(h)(3)(H) and 146(d)(2) require adjusting for inflation the population-based component of the Credit Ceiling and the Volume Cap. The Credit Ceiling adjustment for the 2026 calendar year is in Rev. Proc. 2025-32; 202545 I.R.B. 695. Section 4.08 of Rev. Proc. 2025-32 provides that, for calendar year 2026, the amount for calculating the Credit Ceiling under § 42(h)(3)(C)(ii) is the greater of $3.416 multiplied by the State population, or $3,953,600. Further, section 4.19 of Rev. Proc. 2025-32 provides that the amount for calculating the Volume Cap under § 146(d)(1) for calendar year 2026 is the greater of $135 multiplied by the State population, or $397,625,000.

For the 50 states, the District of Columbia, and Puerto Rico, the population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2026 calendar year are the resident population estimates released electronically by the U.S. Census Bureau on January 27, 2026, and described in Press Release CB26-20. For American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands, the population figures for the 2026 calendar year are the 2025 midyear population figures in the U.S. Census Bureau’s International Data Base.

For convenience, these figures are reprinted below.

April 6, 2026 802 Bulletin No. 2026–15

Resident Population Figures Alabama 5,193,088 Alaska 737,270 American Samoa 43,268 Arizona 7,623,818 Arkansas 3,114,791 California 39,355,309 Colorado 6,012,561 Connecticut 3,688,496 Delaware 1,059,952 District of Columbia 693,645 Florida 23,462,518 Georgia 11,302,748 Guam 169,691 Hawaii 1,432,820 Idaho 2,029,733 Illinois 12,719,141 Indiana 6,973,333 Iowa 3,238,387 Kansas 2,977,220 Kentucky 4,606,864 Louisiana 4,618,189 Maine 1,414,874 Maryland 6,265,347 Massachusetts 7,154,084 Michigan 10,127,884 Minnesota 5,830,405 Mississippi 2,954,160 Missouri 6,270,541 Montana 1,144,694 Nebraska 2,018,006 Nevada 3,282,188 New Hampshire 1,415,342 New Jersey 9,548,215 New Mexico 2,125,498 New York 20,002,427 North Carolina 11,197,968 North Dakota 799,358 Northern Mariana Islands 50,946 Ohio 11,900,510 Oklahoma 4,123,288 Oregon 4,273,586 Pennsylvania 13,059,432 Puerto Rico 3,184,835 Rhode Island 1,114,521 South Carolina 5,570,274 South Dakota 935,094 Tennessee 7,315,076 Texas 31,709,821 Utah 3,538,904 Vermont 644,663 Virginia 8,880,107 Virgin Islands, U.S. 103,792 Washington 8,001,020 West Virginia 1,766,147 Wisconsin 5,972,787 Wyoming 588,753

Bulletin No. 2026–15 803 April 6, 2026

The principal authors of this notice are Waheed M. Olayan, Office of the Associate Chief Counsel (Energy, Credits, and Excise Tax), and Brian Choi, Office of the Associate Chief Counsel (Financial Institutions and Products). For further information regarding this notice, please contact Waheed M. Olayan at (202) 317-6239 (not a toll-free call).

Public Recommendations Invited on Items to be Included on the 2026-2027 Priority Guidance Plan