Sec. 135504. Inclusion of rural areas as difficult development areas
101 words·~1 min read·
/bill/117/hr/5376/rh/section-135504·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subclause
(I)of section 42(d)(5)(B)(iii) is amended by inserting before the period the following: , and any rural area . Clause
(iii)of section 42(d)(5)(B) is amended by redesignating subclause
(II)as subclause
(III)and by inserting after subclause
(I)the following new subclause: For purposes of subclause (I), the term rural area means any non-metropolitan area, or any rural area as defined by section 520 of the Housing Act of 1949, which is identified by the qualified allocation plan under subsection (m)(1)(B). . The amendments made by this section shall apply to buildings placed in service after December 31, 2021.