[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.__U[email protected]. 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