HUD Releases 2015 DDA and QCT Designations
On October 3, HUD issued a notice designating Difficult to Develop Areas (DDA) and Qualified Census Tracts (QCT) for 2015. Housing Credit properties developed in areas with a DDA or QCT designation are eligible to receive up to a 30 percent basis boost. 2015 is last year for which HUD will designate DDAs spanning entire metropolitan areas. Beginning in 2016, HUD will base DDA designations on Small Area Fair Market Rents (FMR) instead of metropolitan-area FMRs in order to better target areas most in need of a DDA designation. Contact NCSHA’s Jennifer Schwartz with questions.