The Internal Revenue Service (IRS) released its 2011 Calendar Year Resident Population Estimates in Notice 2011-15. State and local housing credit agencies use these estimates to calculate the annual Low Income Housing Tax Credit (LIHTC) ceiling. The Low Income Housing Tax Credit (LIHTC) state ceiling for 2011 is the greater of $2.15 multiplied by the state population or $2,465,000.

Delaware has a resident population of 897,934, approximately a 1.4% increase from 2010.  Since the per capita calculation  is less than the minimum ceiling allowed, the estimated 2011 tax credit authority for Delaware is $2,465,000.  This allocation may increase due to additional tax credit authority from other sources such as  forfeited credits from uncompleted projects, excess credits from completed projects, and additional credits due to unused credits from other states.