IRS Expands LIHTC, Bond Disaster Relief for Puerto Rico

Thursday, February 8, 2018 - 9:15am

The Internal Revenue Service today issued Notice 2018-17 to expand temporary relief from certain low-income housing tax credit (LIHTC) and tax-exempt bond requirements to Puerto Rico. The relief, provided under Revenue Procedures 2014-49 and 2014-50, include temporary housing relief, compliance monitoring relief and carryover allocation relief. Read more here about Rev. Procs. 2014-49 and 2014-50