Difficult Development Area definition
Difficult Development Area means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to Area Gross Median Income in accordance with Section 42(d)(5) of the Code.
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with Section 42(d)(5), of the Code. A list of the 2003 Florida DDAs is adopted and incorporated herein by reference. A copy of such list is available on FHFC’s web site www.floridahousing.org. The United States Department of Housing and Urban Development maintains the official DDA list. The incorporated Florida DDA list is designed to assist the Applicant in the Application process. Applicants are responsible for providing Florida Housing with accurate DDA information.
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with section 42(d)(5) of the Code. The United States Department of Housing and Urban Development maintains the official DDA list. Applicants are responsible for providing Florida Housing with accurate DDA information.
More Definitions of Difficult Development Area
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with
Difficult Development Area means areas designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with Section 42(d)(5)(B), of the IRC.
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with Section 42(d)(5), of the Code IRC. A list of the DDAs is adopted and incorporated herein by reference. A copy of such list is available on FHFC’s web site www.floridahousing.org.
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income in accordance with section 42(d)(5) of the Code. A list of the 2003 Florida DDAs is adopted and incorporated herein by
Difficult Development Area or “DDA” shall mean a geographic area designated by HUD as having high construction, land, or utility costs relative to area median income levels. DDA designations are updated annually by HUD and may include metropolitan or non-metropolitan areas that meet the criteria established under Section 42(d)(5)(B) of the Code. Projects located in a DDA may qualify for a 30% increase in Eligible Basis for purposes of calculating the LIHTC, subject to applicable federal rules and the provisions for a Boost contained in this Guide and in the QAP.
Difficult Development Area or “DDA” means any area designated by the Secretary of Housing and Urban Development as an area which has high construction, land, and utility costs relative to area median gross income. For buildings placed in service after July 30, 2008, a state agency can designate buildings to be treated like a DDA if additional credits are needed for financial feasibility and if not tax-exempt bond-financed.
Difficult Development Area means any area that is so designated by the Secretary of the United States Department of Housing and Urban Development (HUD) as an area which has high construction, land, and utility costs relative to area median family income.