Housing Tax Credits

Latest Updates

Treasury and IRS Expand Availability
of Housing for Hurricane Katrina Victims

September 2, 2005 - WASHINGTON, DC – The Treasury Department and the Internal Revenue Service (IRS) today announced that they will waive rules that prohibit owners of low-income housing from providing housing to victims of Hurricane Katrina who do not qualify as low-income.  The action will expand the availability of housing for disaster victims and their families.

Because of the widespread devastation to housing caused by Hurricane Katrina, the Treasury Department and  the IRS will temporarily suspend 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," stated 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."

HTC Owners/Developers Unit Availability
Assessment Form for Disaster Relief

Hurricane Katrina has caused widespread and intensive damage or destruction of thousands of homes in our state. The Mississippi Home Corporation is receiving requests for housing by many of those displaced by the hurricane and is attempting to assist those in need.

If you are an owner or manager of a Housing Tax Credit Development, we ask that you complete the Unit Availability Assessment form as soon as possible, and email to Robert Collier. This form will help MHC assess the number of vacant HTC units, as well as those units which may have sustained damage.

Please contact Robert Collier with any questions at 601.718.4630, and thank you, in advance, for helping us help those in need.