U.S. Treasury/Internal Revenue Service
To qualify for disaster relief, the federal government must first issue a disaster declaration for an area or areas within your state. The following link to the Federal Emergency Management Agency (FEMA) website will help you determine if your state has received a federal disaster declaration:http://www.fema.gov/disasters
Housing Credit
In the event of a PDD and upon the request of a State Housing Credit allocating agency, the IRS may issue a notice suspending certain Housing Credit program requirements for owners that provide temporary housing to individuals residing in certain major disaster areas who have been displaced because their residences have been destroyed or damaged as a result of the disaster.
In the event of a PDD and upon the request of a State Housing Credit allocating agency, the IRS may issue a notice suspending certain Housing Credit program requirements for owners that provide temporary housing to individuals residing in certain major disaster areas who have been displaced because their residences have been destroyed or damaged as a result of the disaster.
NCSHA’s overarching goal is an affordably housed nation by Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur vel consectetur arcu.
In the event of a PDD and upon the request of a State Housing Credit allocating agency, the IRS may issue a notice suspending certain Housing Credit program requirements for owners that provide temporary housing to individuals residing in certain major disaster areas who have been displaced because their residences have been destroyed or damaged as a result of the disaster.
IRS Notice
- Notice 2013-40: Low-Income Housing Credit Disaster Relief for Oklahoma Severe Storms and Tornadoes
- IRS Notice 2013-09: Temporary Shelter for Individuals Displaced by Hurricane Sandy
- IRS Notice 2012-68: Waiver of Housing Credit Rules due to Hurricane Sandy
- Revenue Ruling 96-35: Characterization of FEMA Assistance to Qualified Low-Income Buildings
- Revenue Procedure 2007-54: Temporary Relief from Certain Requirements of Section 42 for Housing Credit Properties in Major Disaster Areas
Useful Links
- Final GSE Duty to Serve Plans Include Increaded Housing Credit Investments;Collaborations with HFAs
- Harvard Report Finds Growth in Renter Demand Slowing Overall, but Need forHousing Assistance Among Poorest Still at Near-Record
- Conferees Agree on Final Tax Reform Bill Preserving the Housing Credit andBond Programs
- House Financial Services Committee Reports Bill on GSE Dividends, HousingTrust Fund
Additional Information
- Final GSE Duty to Serve Plans Include Increaded Housing Credit Investments;Collaborations with HFAs
- Harvard Report Finds Growth in Renter Demand Slowing Overall, but Need forHousing Assistance Among Poorest Still at Near-Record
- Conferees Agree on Final Tax Reform Bill Preserving the Housing Credit andBond Programs
- House Financial Services Committee Reports Bill on GSE Dividends, HousingTrust Fund
