IRS ANNOUNCES LIHTC ALLOCATIONS TO NATIONAL POOL

Monday, August 13, 2007 - 7:00am

The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2007 that were allocated to 40 qualified states under Internal Revenue Code §42(h)(3)(D). Revenue Procedure 2007-55 details how $6.375 million of unused LIHTCs were divided among the states in the national pool. California received the largest allocation of $851,151 in LIHTCs.

To discuss the latest developments in the LIHTC industry, join Novogradac & Company LLP and industry leaders at the 14th Annual San Francisco Affordable Housing Conference on October 4 and 5.