SECTION 2. BACKGROUND

Rev. Proc. 96–46 published a portion of the unused housing credit carryovers allocated to qualified states from a national pool of unused credit authority for calendar year 1996 (the 1996 National Pool). Sec. 3.02 of Rev. Proc. 96–46 provides that upon resolution of certain issues, qualified states may be entitled to an additional allocation from the 1996 National Pool. These issues have been resolved and qualified states are entitled to an additional allocation from the 1996 National Pool. This revenue procedure publishes these additional allocation amounts. Because there will be no further allocations to qualified states for the 1996 calendar year, this revenue procedure also publishes the total amounts of unused housing credit carryovers allocated to qualified states from the 1996 National Pool.