The Treasury Department has released Rev. Proc. 2026-9, which contains the amounts of unused housing credit carryovers allocated to qualified states under IRC Sec. 42(h)(3)(D) for calendar 2025.
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The notice, which will be published in the Internal Revenue Bulletin on Jan. 20, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under Sec. 42(h)(3)(D).
The amount represents the unused housing credit carryovers allocated to qualified states for a calendar year from a national pool of unused credit authority (the National Pool). The carryovers range from some $2.4 million in California and some $1.9 million in Texas to $44,851 in Alaska and $39,297 in Vermont.
Because of the timing of the publication of the revenue procedure, any amount of unused housing credit carryover that a qualified state fails to allocate before the close of 2025 will not be considered in determining whether that state qualifies for an allocation of unused housing credit carryover for calendar year 2026.
Qualified state
Amount allocated
null Alabama $312,546 Alaska $44,841 California $2,389,455 Connecticut $222,702 Delaware $63,744 Florida $1,416,309 Illinois $770,210 Iowa $196,428 Kentucky $278,046 Massachusetts $432,437 Michigan $614,491 Nebraska $121,527 New Mexico $129,089 New York $1,203,915 North Carolina $669,367 North Dakota $48,270 Pennsylvania $792,546 Rhode Island $67,404 South Dakota $56,033 Texas $1,896,161 Utah $212,312 Vermont $39,297 Virginia $533,941 Washington $482,250 West Virginia $107,257
