Supplemental Designation of Qualified Census Tracts and Difficult Development211 Areas, Section 42 of IRS Code 1986

摘要

This document provides a revised listing of the 'Qualified Census Tracts' in211u001eMetropolitan Statistical Areas (MSAs) and Primary Metropolitan Statistical Areas 211u001e(PMSAs) eligible for Low Income Housing Tax Credits (LIHTCs). The LIHTC provides 211u001ean income tax credit to owners of newly constructed or substantially 211u001erehabilitated low-income rental housing developments. Credit is limited and based 211u001eon the number of low-income units, based on a minimum occupancy and maximum rent 211u001ecriteria. A building located in a Qualified Census Tract can receive a higher 211u001ecredit percentage. The designations are based on 1990 Census Data. The document 211u001ealso provides revised designations of Difficult Development Areas (DDAs), which 211u001eare defined by the Secretary of HUD as areas that have high costs of 211u001econstruction, land, and utilities relative to the Area Median Gross Income. 211u001eMetropolitan and Nonmetropolitan DDAs are listed.