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2022 Unused LIHTC National Pool of $5.4 Million Allocated to 27 States

Monday, October 24, 2022 - 2:30PM

The Internal Revenue Service (IRS) will allocate more than $5.4 million of unused low-income housing tax credits (LIHTCs) to 27 states. Revenue Procedure 2022-37 provides $5,423,591 in unused credits. The largest recipient is California, just shy of $1 million at $982,548; Vermont at $16,166 sits on the opposite end of the spectrum. The 2022 amount marks a dip from the $7.8 million in carryover LIHTC allocation announced in 2021, which was the highest total in more than two decades. National demand for the LIHTC remains robust and unused authority should not be confused for general lack of demand. The allocation process sometimes results in LIHTC authority too small to be allocated to affordable housing developments.

Dig deeper into the details of LIHTC with a copy of this year’s edition of the Novogradac Low-Income Housing Tax Credit Handbook.

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