The U.S. Department of Housing and Urban Development today released the list of difficult development areas (DDAs) and qualified census tracts (QCTs) for 2019 for the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for as much as a 30 percent basis boost while receiving the LIHTC. The DDAs and QCTs are effective for allocations of LIHTCs beginning Jan. 1, 2019, and for bond-financed properties where the bonds are issued and the building is placed in service after Jan. 1, 2019.
Related Posts
Comments on North Dakota’s Action Plan Due May 13
The North Dakota Housing Finance Agency is accepting comments on its draft 2024 Annual Action Plan, which provides a summary of the actions, activities and specific federal and non-federal resources that will be used during the year to address priority needs and goals identified in the Consolidated Plan.
Ohio Board Meeting – April 17
The Ohio Housing Finance Agency will host a finance committee and board meeting on April 17, both in person (2600 Corporate Exchange Drive, Columbus, OH 43231) and virtually.
Virgin Islands HFA Appoints Eugene Jones Jr. Executive Director
Eugene Jones Jr. has been appointed executive director of the Virgin Islands Housing Finance Authority. Jones most recently served as executive director of the Atlanta Housing Authority and brings to his new role decades of experience working in housing agencies in cities, such as Chicago, Toronto, New Orleans and Detroit
Kentucky Updates 2024 Multifamily Development Cost Containment Limits
The Kentucky Housing Corporation updated the cost containment limits for 2024.