Department of Housing and Urban Development September 18, 2007 – Federal Register Recent Federal Regulation Documents

The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. There continues to be great interest in the Low Income Housing Tax Credit Program at HUD, the Department of Treasury, and from many other sources. Unfortunately, since the program is independently administered by more than 50 different state housing agencies, there would be no centralized sources of data about the units that have been developed with this federal subsidy without this data collection effort.

The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. In response to Congress and the mandate under the Energy Conservation Policy Act (42 U.S.C. 8251 et seq.) a survey is needed to accurately conduct research and report steps taken to reduce utility expenses through energy conservation measures of public housing. Thereafter, reports will be updated and sent to Congress every 2 years indicating energy strategies for energy reduction goals and how the Department of Housing and Urban Development will monitor the energy usage of public housing agencies.

This document designates ``Difficult Development Areas'' (DDAs) for purposes of the Low-Income Housing Tax Credit (LIHTC) under Section 42 of the Internal Revenue Code of 1986 (the Code) (26 U.S.C. 42). The United States Department of Housing and Urban Development (HUD) makes new DDA designations annually. The designations of ``Qualified Census Tracts'' (QCTs) under Section 42 of the Internal Revenue Code published September 28, 2007, remain in effect.