Answer
What is a Qualified Census Tract?
A Qualified Census Tract (QCT) is a HUD-designated area where at least half of households earn below 60% of area median income. Affordable housing projects in a QCT receive a 30% boost to their Low-Income Housing Tax Credit basis.
What to know
- QCT status raises the LIHTC eligible basis to 130% — meaning more tax credits per project.
- It mainly benefits developers building or substantially rehabbing affordable rental housing.
- HUD updates QCT designations every January 1, so confirm current status.
- LIHTC allocations in Illinois are awarded through the Illinois Housing Development Authority (IHDA).
Related programs
Sources
This is a discovery tool, not legal, tax, or eligibility advice. Confirm current requirements with the administering agency before applying, certifying, or relying on any program listed here.