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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