New DDAs named in hurricane GO Zones

Posted today at HUDUSER, and expected in tomorrow's Federal Register: the new supplemental designation of Difficult Development Areas that will bring extra low-income housing tax credits (LIHTC) to affordable housing projects in the Gulf Opportunity Zones defined by this fall's hurricane relief legislation. Projects in areas on this list, if approved for LIHTC credits, can get up to 30% more than the usual level of subsidy from this source. Today's designation is good through 2008.