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HUD Updates Maps Showing DDAs, QCTs for 2023

Thursday, December 8, 2022 - 4:15PM

The U.S. Department of Housing and Urban Development (HUD) this week updated its map for qualified census tracts (QCTs) and difficult development areas (DDAs) to reflect areas that are effective Jan. 1, 2023. HUD published a notice in the Oct. 24 Federal Register establishing QCTs and DDAs. Low-income housing tax credit (LIHTC)-financed properties in QCTs and DDAs are qualified to boost their eligible basis by up to 30%. The 2023 QCTs and DDAs are effective for LIHTC allocations made after Dec. 31, 2022, or buildings placed in service after Dec. 31, 2022, if they are financed with tax-exempt bonds.

The Novogradac Low-Income Housing Tax Credit Handbook is an essential resource for affordable housing rental owners, developers, managers and investors.

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