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IRS ANNOUNCES LIHTC ALLOCATIONS TO NATIONAL POOL

Wednesday, September 2, 2009 - 8:00AM

The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2009 that were allocated to 29 qualified states under Internal Revenue Code §42(h)(3)(D). Revenue Procedure 2009-40 details how $4.61 million of unused LIHTCs were divided among the states in the national pool. California received the largest allocation, $882,632, in LIHTCs.

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