Affordable Housing and Tax Credit Developments NationallyTemporary Housing Relief for Storm Victims in Pennsylvania

October 19, 2011by George Danneman

The Internal Revenue Service (IRS) suspended the income limitations, status of units, and non-transient requirements under Section 42 of the Internal Revenue Code for Low-Income Housing Tax Credit (LIHTC) projects in order to provide temporary housing to Pennsylvania individuals affected by Hurricane Irene and/or Tropical Storm Lee.

According to the Pennsylvania Housing Finance Agency (PHFA), to qualify for such housing assistance an individual must have been displaced from a residence located in the following counties:

Hurricane Irene: Bucks County, Chester County, Delaware County, Lehigh County, Luzerne County, Monroe County, Montgomery County, Northampton County, Philadelphia County, Sullivan County, and Wyoming County; or

Tropical Storm Lee: Adams County, Berks County, Bradford County, Bucks County, Chester County, Columbia County, Cumberland County, Dauphin County, Delaware County, Lancaster County, Lebanon County, Luzerne County, Lycoming County, Montgomery County, Montour County, Northampton County, Northumberland County, Perry County, Philadelphia County, Schuylkill County, Snyder County, Sullivan County, Susquehanna County, Union County, Wyoming County, and York County.

For more information, see the following:

Internal Revenue Service (IRS) Notice 2011-83

Pennsylvania Housing Finance Agency (PHFA) notice to Low-Income Housing Tax Credit (LIHTC) project owners and management agents

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