HUD Publishes Notice Designating DDAs

Tuesday, November 30, 2004 - 1:45am

The U.S. Department of Housing and Urban Development today published a notice designating difficult development areas (DDAs) for purposes of the low-income housing tax credit (LIHTC) under Section 42 of the Internal Revenue Code (IRC). HUD makes new DDA designations annually; the 2005 lists of DDAs are effective for LIHTC allocations after December 31, 2004 or for purposes of IRC Section 42(h)(4)(B), if the bonds are issued and the building is placed in service after December 31, 2004. The designations of qualified census tracts published December 12, 2002, as supplemented on December 19, 2003, remain in effect. Click here for a copy of the notice.