HUD Designates 2015 DDAs, QCTs

Thursday, October 2, 2014 - 7:00AM

In tomorrow’s Federal Register, the U.S. Department of Housing and Urban Development (HUD) will publish a notice designating difficult development areas (DDAs) and qualified census tracts (QCTs) for 2015 for purposes of the low-income housing tax credit (LIHTC). LIHTC developments in DDAs or QCTs are eligible for as much as 30 percent more LIHTC subsidy. The 2015 metropolitan DDA designations will be the last designated for entire metropolitan areas. HUD announced previously that beginning with the 2016 DDA designations, metropolitan DDAs will use small area fair market rents (FMRs), instead of metropolitan-area FMRs, for designating metropolitan DDAs.

Tune into the Oct. 7 Tax Credit Tuesday podcast to hear more about the 2015 DDAs and QCTs. And join other LIHTC professionals at the Novogradac Affordable Housing Conference in San Francisco on Oct. 9 and 10 to discuss the latest news in LIHTC development.

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