Qualified Census Tracts and Difficult Development Areas

Dataset/Qualified Census Tracts and Difficult Development Areas

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AGENCY: Office of the Secretary, HUD.

ACTION: Notice of correction.

SUMMARY: On October 21, 1997, HUD published a notice of statutorily mandated designations of "Difficult Development Areas" for purposes of the Low-Income Housing Tax Credit under section 42 of the Internal Revenue Code of 1986. The notice described the methodology used by HUD to make the designations. The purpose of this notice is to advise the public that the table accompanying this notice contained an error in the listing of certain counties.

FOR FURTHER INFORMATION CONTACT: With questions on how areas are designated and on geographic definitions, Kurt G. Usowski, Economist, Division of Economic Development and Public Finance, Office of Policy Development and Research, Department of Housing and Urban Development, 451 Seventh Street, S.W., Washington, D.C. 20410, telephone (202) 708-0426, e-mail Kurt_G._Usowski@hud.gov. With specific legal questions pertaining to section 42 and this notice, Chris Wilson, Attorney, Office of the Chief Counsel, Pass Throughs and Special Industries Branch 5, Internal Revenue Service, 1111 Constitution Ave, N.W., Washington, DC, 20244, telephone (202) 622-3040, fax (202) 622-4779; or Harold J. Gross, Senior Tax Attorney, Office of the General Counsel, Department of Housing and Urban Development, 451 Seventh Street, S.W., Washington, D.C. 20410, telephone (202) 708-3260, e-mail H._JERRY_GROSS@hud.gov. A telecommunications device for deaf persons (TTY) is available at (202) 708-9300. (These are not toll-free telephone numbers.) Additional copies of this notice are available through HUDUSER at (800) 245-2691 for a small fee to cover duplication and mailing costs.

COPIES AVAILABLE ELECTRONICALLY: Copies of the original notice with corrected tables are available electronically on the Internet (World Wide Web) at https://www.huduser.gov/ under the heading "Data Available from HUDUser."

SUPPLEMENTARY INFORMATION:

Correction

On October 21, 1997 (62 FR 54732), HUD published a notice that provides revised designations of "Difficult Development Areas" for purposes of the Low-Income Housing Tax Credit 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. The notice advised that the new Difficult Development Areas are based on FY 1997 Fair Market Rents, FY 1997 income limits and 1990 census population counts. The notice also advised that 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.

The purpose of this notice is to correct an error that appeared in the table accompanying the October 21, 1997 publication. The table listing 1998 Internal Revenue Code Section 423(d)(5)(C) Nonmetropolitan Difficult Development Areas inadvertently named Bradford, Calhoun, and Citrus counties as 1998 Nonmetropolitan Difficult Development Areas in the State of Delaware. Bradford, Calhoun, and Citrus counties should have been listed as 1998 Nonmetropolitan Difficult Development Areas in the State of Florida. Through this notice, the public is therefore advised of the error in the October 21, 1997 publication and provided with the correct information.

Dated: February 17, 1998
Camille E. Acevedo
Assistant General Counsel for Regulations