HUD has announced updated Qualified Census Tracts (QCT) for 2013. These QCT designations take effect for allocations and properties placed in service after 1/1/2013.
Some important things to know about the new designations:
- They are the first designations based on 2010 Census tract boundaries.
- Income calculations are based on the 2006 – 2010 reports from the American Community Survey
- They are placed in effect as of 1/1/2013.
For more information about whether these new designations apply to your property, please see the following notice, which details several scenarios based on allocation date and placed in service date:
http://www.huduser.org/Datasets/qct/QCT2013_Notice.PDF
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