On August 25, 2017, President Trump declared Hurricane Harvey a major disaster. As of September 6, 2017, the Federal Emergency Management Agency (FEMA) designated 39 Texas counties as major disaster areas.
Internal Revenue Procedure 2014-49
, the Internal Revenue Services (IRS) provides housing tax credit owners temporary relief from income requirements for individuals displaced by a major disaster. Households are eligible for emergency housing in Housing Tax Credit (HTC) properties if their principal residence was located in an area eligible for individual assistance.
Owners and managers of Housing Tax Credit (HTC) properties who wish to provide temporary emergency housing to displaced residents must have written approval from the Kentucky Housing Corporation (KHC). Please review the list of impacted Texas counties at
Unless your written policies and procedures provide a preference for households displaced by presidentially declared disasters, you may not skip over households on your waiting list to provide emergency housing. Likewise, you may not displace existing households in order to provide emergency housing.
Units leased as emergency housing are subject to the program rent limits. The Internal Revenue Procedure 2014-49 allows units to be used on a transient basis and relieves the owner and household from providing evidence of income eligibility. The emergency relief period ends
Saturday, August 25, 2018. After this date, displaced households that cannot document eligibility for the HTC program cannot occupy program units.