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Qualified Census Tracts Updated for 2013

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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Why is the Rent So High?

Nice article from Matthew Yglesias of Slate on how multifamily construction has failed to keep pace with demand.  Here is the buried lede:

 According to a recent Goldman Sachs analytic note, during the past four years, America has added 2.7 million “shadow” households—young people living with parents or siblings who under normal conditions we’d expect to be heading their own households.

When the economy improves, these households will be moving out on their own and will need someplace to live.  We need to be building apartments for these potential households right now.

Read the article

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Danter Company, LLC, Hiring

Danter Company, LLC is now hiring for two positions:

  • Real Estate Market Analyst: Real Estate Market Analysts are the backbone of the Danter Company’s real estate research, since they gather critical information upon which our analyses are based.  Ideal Analysts are inquisitive, detail-oriented, and willing to spend time in a different city anywhere in the United States every week.  Job responsibilities include gathering data on many types of real estate, including multifamily, single-family, retail, office, lodging, or other assignments as necessary.  In gathering critical data for our real estate research, the Analyst may be called on to visit an apartment community, conduct interviews with local government officials or real estate agents, or research real estate records at a county courthouse.  Analysts with initiative who exhibit superior work skills and display exemplary capacity to understand market dynamics will be considered for promotion to Project Director.
  • Real Estate Research Assistant: This position is responsible for conducting research activities primarily from Danter Company, LLC offices via the Internet and phone as well as internal databases. Ideal candidate will be computer literate and skilled in finding information over the Internet. Interviewing skills, both over the telephone and in person, are critical, as are attention to detail and the ability to work unsupervised. Occasional travel will be required. Ideal candidate will also have above average writing skills. Skill in using Microsoft Access a plus. Full and part-time positions are currently available.

Send résumé and cover letter stating the position you seek to us at:
Employment Opportunities
The Danter Company
2760 Airport Drive, Suite 135
Columbus OH 43219

or e-mail cover letter and résumé to us at resumes@danter.com - please include the position you are applying for in the subject line.

 

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LIHTC Maximum Rents and Incomes Released for 2012

LIHTC maximum rents and incomes have been released for 2012. The Danter Company’s interactive database has been updated.

Tags: 2012 LIHTC maximum rents and incomes

Qualified Census Tracts Updated for 2012

HUD has updated the Qualified Census Tracts for use in the LIHTC (Section 42) housing program. The interactive QCT database at Danter.com has been updated to reflect these changes. All QCTs for 2012 still use Census 2000 geography. To determine which Census Tract your site may be in, try using this online application. (Note – HUD User application has not been updated for 2012, but it will return the correct Census Tract.)

Tags: 2012, QCT, Qualified Census Tracts

Difficult Development Areas Updated for 2012

The Difficult Development Areas have been released by HUD and we have updated them for 2012 on the Danter Company website.

Tags: DDA, Difficult Development Areas, LIHCT