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IRS Notice 2018-17, Housing Credit Disaster Relief for Puerto Rico

Published on April 29, 2018
IRS Notice 2018-17, Housing Credit Disaster Relief for Puerto Rico

In February 2018, Internal Revenue Service (IRS) issued Notice 2018-17 providing guidance on Housing Credit disaster relief for Puerto Rico as a result of Hurricane Maria, expanding on the general IRS disaster relief provided in Revenue Procedure 2014-49 and Revenue Procedure 2014-50, including specific provisions on emergency housing relief, compliance monitoring reviews, and carryover allocation deadlines. The expanded relief provided by the notice is limited to Puerto Rico for purposes of recovery from Hurricane Maria.

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