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HUD Notice Extends Effective Period for 2019, 2020 QCTs, DDAs Not on Subsequent Lists
The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Friday’s Federal Register extending the period by 180 days for which certain 2019 and 2020 qualified census tracts (QCTs) and difficult development areas (DDAs) are effective for purposes of the low-income housing tax credit (LIHTC). The notice, in response to the COVID-19 pandemic and presidentially declared emergency, extends the eligibility period from 730 days to 910 days for properties in QCTs and DDAs that are not on subsequent lists of QCTs and DDAs and that submitted applications while the area was a 2019 or 2020 QCT or DDA.
The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides the basics of the LIHTC incentive, including QCTs and DDAs.