On March 15, 2021, the IRS published Notice 2021-19, which advises state a local housing credit agencies and issuers of private activity bonds of the state population figures that are used to calculate the annual state allocation for the 9% LIHTC as well as the state’s private activity bond cap.  Based on the population figures, Alaska, Delaware, the District of Columbia, Montana, North Dakota, Rhode Island, South Dakota, Vermont and Wyoming will receive the small-state 9% LIHTC minimum of $3,245,625. Those states, plus Arkansas, Hawaii, Idaho, Kansas, Maine, Mississippi, Nebraska, New Hampshire, New Mexico and West Virginia, will receive the small-state PAB minimum of $324,995,000.