The U.S. Department of Housing and Urban Development recently released updated designated Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for the purposes of the 2014 low-income housing tax credit program. The Notice also announces upcoming changes to the designation methodology for metropolitan DDAs that will begin with 2016 designations, which will use Small Area Fair Market Rents (SAFMRs), rather than metropolitan-area Fair Market Rents (FMRs), for designating metropolitan DDAs. The designations of “˜”˜Qualified Census Tracts” published on April 20, 2012 remain in effect. The 2014 DDAs are effective for allocations of credit after December 31, 2013 or for LIHTC projects if the bonds are issued and the building is placed in service after December 31, 2013.

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