[Federal Register Volume 63, Number 35 (Monday, February 23, 1998)]
[Notices]
[Pages 9006-9007]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4456]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4287-N-02]
Statutorily Mandated Designation of Difficult Development Areas
for Section 42 of the Internal Revenue Code of 1986; Correction
AGENCY: Office of the Secretary, HUD.
ACTION: Notice of correction.
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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, SW., Washington, DC 20410, telephone (202)
[[Page 9007]]
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.,
NW., 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, SW., Washington, DC 20410, telephone (202) 708-3260, e-mail
[email protected] 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 http://www.huduser.org/ 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.
[FR Doc. 98-4456 Filed 2-20-98; 8:45 am]
BILLING CODE 4210-32-M
