National LIHTC Pool Figures Issued

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New IRS Revenue Procedure 2008-57 specifies awards of an additional $4.16 million in low-income housing tax credit authority to 28 states from the 2008 “national pool.” This pool is funded by unused housing credit authority from various state housing credit agencies. This year’s awards range from $13,478 for North Dakota and Vermont, to $518,587 for Texas. Missing from the list is California, normally on each year’s list receiving the largest award.  read more…