Compliance - Presidentially Declared Disaster Information for HTC properties during the Compliance Period
Definition of Presidentially Declared Disaster: Any disaster for which the President issues a major disaster declaration and thereby authorizes the provision of Individual and/or Public Assistance from the federal government. Cities, counties, and other local jurisdictions that are designated as part of a major disaster area and are eligible for federal aid as a result of the Presidential declaration are published by notice in the Federal Register by the Federal Emergency Management Agency (FEMA).
The above Revenue Procedures offer guidance for Owners & Housing Credit Agencies in the event of a Presidentially Declared Disaster.
- Owners wanting to provide emergency housing for displaced households.
- Owners with disaster-related casualty losses.
For more information, contact Meg Tynan at (512) 475-0697 or email: email@example.com.