Sunday, November 18, 2018

Browse QCT listings by map

Why a QCT/DDA?

What is a QCT / DDA?

A QCT is a census tract where the average median income is less than 60% of the county median income, or where the poverty rate is greater than 25%. A DDA is an area that has high construction, land and utility costs, relative to the Area Median Gross Income (AMGI).

Featured QCT/DDA/LIHTC Listings

Site Planned for 78 Units, Priced at Less than $13,000 a unit
Vacant Land, DDA
Rockledge, Florida
7.06 Acres
R-3 multi family, allows for up to 14 units per acre. Current site plan is for 78 units.

High Density Land Near High School
Vacant Land, DDA
Moses Lake, Washington
Up to 13.00 Acres
R-3 Multifamily, allows for 34 units per acre

Qualifies for Historic Tax Credit Funding, Potential 4% bond deal
Historic Buildings, QCT
Louisville, Kentucky
171,000 SqFt
C-2, Allows for multi family residential
Live QCT/DDA/LIHTC Statistics

134 Total Available Listings

Historic Buildings - 24
DDA - 18
Vacant Land - 103
Non-QCT/DDA - 9
Apartments - 7
QCT - 107
Click here to start browsing LIHTC listings! Click here to view sample documentation!
Why a QCT / DDA?

Eligible Basis multiplied by 130% of what it otherwise would be.

Example Eligible Basis Calculation
Non-QCT Calculation QCT Calculation
Total Development Cost of Property (Total Uses) $8,000,000 Total Development Cost of Property (Total Uses) $8,000,000
Less: non-eligible basis (i.e. land, syndication fees, closing costs) ($1,000,000) Less: non-eligible basis (i.e. land, syndication fees, closing costs) ($1,000,000)
Eligible Basis (Total Uses minus land) $7,000,000 Eligible Basis (Total Uses minus land) $7,000,000
Non QCT (100%) $7,000,000 QCT Boost (130%) $9,100,000
Credit Percentage (4% or 9%) 9% Credit Percentage (4% or 9%) 9%
Total annual tax credits (Eligible Basis x Credit Percentage) $630,000 Total annual tax credits (Eligible Basis x Credit Percentage) $819,000
Ten Year Total Credits $6,300,000 Ten Year Total Credits $8,190,000
  Additional QCT Credits (via a QCT) $1,890,000
QCT / DDA Trend

The 30-percent boost in LIHTCs associated with QCTs has helped finance more than one-fourth of all LIHTC projects and approximately one-third of projects in recent years.

In 2004, the latest year for which data is available, 47.5 percent of LIHTC projects and 56.1 percent of LIHTC units were located in a QCT

The chart below suggests an increase of 3.3% (in units) per year, at this rate all units will be located within a QCT/DDA by 2016!

QCT/DDA Trends

*Source: U.S. Department of Housing and Urban Development

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