Sign Up For Novogradac Industry Alert Emails

HUD DESIGNATES 2013 DDAs

Friday, September 28, 2012 - 7:00AM

The U.S. Department of Housing and Urban Development (HUD) today designated difficult development areas (DDAs) for 2013 for purposes of the low-income housing tax credit (LIHTC). LIHTC developments in DDAs or qualified census tracts (QCTs) are eligible for as much as 30 percent more LIHTC subsidy. HUD also announced that it will delay the adoption of small area DDAs by one year. HUD said it will publish the 2014 DDAs in a separate notice after further consideration of the small area DDA concept.

Tune in to the Tax Credit Tuesday podcast on Oct. 2 to hear more about the 2013 DDAs.

Discuss what lies ahead for LIHTC property financing at Novogradac & Company’s Tax Credit Housing Finance Conference, Nov. 29-30 in Las Vegas, Nev.

Learn more about Novogradac's expertise and many services