Regulacje i polityka gospodarcza · 24.10.1994

Statutorily Mandated Designation of Qualified Census Tracts and Difficult Development Areas for Section 42 of the Internal Revenue Code of 1986; Notice DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

This document provides revised designations of ``Qualified Census Tracts'' and ``Difficult Development Areas'' for purposes of the Low-Income Housing Tax Credit (``LIHTC'') under section 42 of the Internal Revenue Code of 1986, and provides the methodology used by the United States Department of Housing and Urban Development (``HUD''). The new Qualified Census Tract designations are based on 1990 census data. The new Difficult Development Areas are based on FY 1994 Fair Market Rents (``FMRs''), FY 1994 income limits and 1990 census population counts as explained below.