Low Income Housing Limits to Be Waived For Colorado Disaster Victims
Issue
Number: IR-2013-79
WASHINGTON — The
Internal Revenue Service announced today that it is waiving certain limitations
for projects financed with low-income housing tax credits or exempt facility
bonds so that owners and operators of these facilities anywhere in the nation
can provide housing to victims of severe storms, flooding, landslides and
mudslides in Colorado that began Sept. 11.
Because of the
widespread devastation to housing caused by storms and flooding, the IRS will
temporarily suspend certain limitations for qualified low-income housing
projects that house people displaced by the storms and flooding. The action will
expand the availability of housing for disaster victims and their families.
Further details are available in Notice 2013-63 and Notice 2013-64, posted today on IRS.gov.
The IRS recently
announced other relief available to affected taxpayers in the presidentially
declared disaster area.
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