|
Low-Income Housing Can Be Used for Hurricane Victims
The IRS and Treasury Department have announced they are waiving rules that prohibit owners of low-income housing from providing that housing to victims of Hurricane Katrina who do not qualify as low-income. The action is aimed at expanding the availability of housing for disaster victims and their families.
The temporary suspension includes income limitation requirements and non-transient requirements for qualified low-income housing projects located anywhere in the United States.
"The widespread damage caused by the hurricane left many thousands of Americans homeless," said Treasury Secretary John W. Snow. "We hope that providing this disaster relief will allow states to temporarily house many of the needy whose homes were destroyed."
A special toll free telephone number — 866-562-5227 — has been established to answer disaster-related tax questions from 7 a.m. to 10 p.m.
For other information from the IRS related to helping victims of Hurricane Katrina, click here.
|
