Regulacje i polityka gospodarcza · 21/10/1997

Statutorily Mandated Designation of Difficult Development Areas for Section 42 of the Internal Revenue Code of 1986

This document provides revised designations of ``Difficult Development Areas'' for purposes of the Low-Income Housing Tax Credit (``LIHTC'') under section 42 of the Internal Revenue Code of 1986, and describes the methodology used by the United States Department of Housing and Urban Development (``HUD''). The new Difficult Development Areas are based on FY 1997 Fair Market Rents (``FMRs''), FY 1997 income limits and 1990 census population counts as explained below. The corrected designations of ``Qualified Census Tracts'' under section 42 of the Internal Revenue Code published May 1, 1995 (60 FR 21246) remain in effect.