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IRS ANNOUNCES LIHTC ALLOCATIONS TO NATIONAL POOL

Monday, August 13, 2007 - 7:15AM

The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2008 that were allocated to 28 qualified states under Internal Revenue Code §42(h)(3)(D). Revenue Procedure 2008-57 details how $4.158 million of unused LIHTCs were divided among the states in the national pool. Texas received the largest allocation of $518,587 in LIHTCs.

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