The President issued major disaster declarations for many Iowa counties because of the devastation caused by the severe weather event of August 10, 2020. The President issued the declarations under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121 et seq.
As of October 6, 2020, the Federal Emergency Management Agency (FEMA) designated jurisdictions for Benton, Boone, Cedar, Clinton, Jasper, Linn, Marshall, Polk, Poweshiek, Scott, Story and Tama Counties in Iowa for Individual Assistance. Because of the widespread damage to housing caused by this severe weather event, the Service has determined that state housing agencies (Agencies) may provide approval to project owners in their respective states to provide temporary emergency housing for displaced individuals in accordance with this notice.
For purposes of this notice, the term “displaced individual” means an individual who resided in a jurisdiction designated for Individual Assistance and who has been displaced because his or her residence was destroyed or damaged as a result of the devastation caused by these severe weather events.
The Service has also determined that the projects to which this approval may be given can be in any state, regardless of whether a major disaster declaration with Individual Assistance has been issued for that state.
Under Internal Revenue Notice: 2014-49, Individuals displaced from these counties as a result of these disasters are eligible to be housed in LIHTC properties under certain circumstances.