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Internal Revenue Bulletin:  2009-39 

September 28, 2009 

Rev. Proc. 2009-40


This revenue procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under § 42(h)(3)(D) of the Internal Revenue Code for calendar year 2009.


Rev. Proc. 92-31, 1992-1 C.B. 775, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under § 42(h)(3)(D). Section 4.06 of Rev. Proc. 92-31 provides that the Internal Revenue Service will publish in the Internal Revenue Bulletin the amount of unused housing credit carryovers allocated to qualified states for a calendar year from a national pool of unused credit authority (the National Pool). This revenue procedure publishes these amounts for calendar year 2009.


The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2009 is as follows:

Qualified State Amount Allocated
Alabama $104,336
California 882,632
Connecticut 78,360
Delaware 19,540
Florida 410,197
Georgia 216,772
Illinois 288,743
Kansas 62,713
Kentucky 95,548
Maine 29,463
Maryland 126,083
Massachusetts 145,428
Michigan 223,881
Minnesota 116,835
New Hampshire 29,448
New Jersey 194,322
New Mexico 44,411
New York 436,202
North Dakota 14,365
Ohio 257,060
Oregon 84,823
Pennsylvania 278,599
Rhode Island 23,517
South Dakota 17,998
Tennessee 139,092
Utah 61,243
Vermont 13,904
Qualified State Amount Allocated
Virginia 173,876
West Virginia 40,609


This revenue procedure is effective for allocations of housing credit dollar amounts attributable to the National Pool component of a qualified state’s housing credit ceiling for calendar year 2009.


The principal author of this revenue procedure is Christopher J. Wilson of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure contact Mr. Wilson at (202) 622-3040 (not a toll-free call).

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