Sign Up For Novogradac Industry Alert Emails

IRS DISTRIBUTES UNUSED 2011 LIHTC ALLOCATION

Thursday, November 17, 2011 - 8:00AM

The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2011 that were allocated to 28 qualified states under Internal Revenue Code §42(h)(3)(D). Revenue Procedure 2011-57 details how nearly $3.66 million of unused LIHTCs were divided among the states in the national pool. California received the largest allocation, $570,425 in LIHTCs.

Learn more about Novogradac's expertise and many services