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The IRS recently published Revenue Procedure 2019-41, which announced the amounts of unused LIHTC carryovers allocated to qualified states for calendar year 2019. Unused LIHTCs are oftentimes generated from small amounts of LIHTCs returned by affordable housing developments or from otherwise remaining LIHTCs toward the end of the year that could not be matched with new applications before the end of the year. The national pool sweeps up these amounts and distributes the total to other states.
