HUD Designates QCTs

The U.S. Department of Housing and Urban Development (HUD) has designated qualified census tracts (QCTs) for 2013 for purposes of the low-income housing tax credit (LIHTC) under Section 42 of the Internal Revenue Code (IRC). HUD based the 2013 QCTs on new data from the 2010 Decennial Census and the 2006-2010 tabulations of American Community Survey. This is the first time since 2007 that the QCTs have changed substantially, and the 2010 census tract boundaries and numbers may differ from those established in 2000. The 2013 QCTs will take effect on January 1, 2013. The 2012 difficult development areas (DDAs) designated in the October 27, 2011 Federal Register remain in effect.