Sign Up For Novogradac Industry Alert Emails

IRS Invites Comments on Notice 2004-66; FHFC Announces Guidelines for Displaced Individuals

Friday, September 24, 2004 - 1:45AM

The Internal Revenue Service (IRS) today invited public comments concerning Notice 2004-66, which suspended certain income limitations requirements under Section 42 of the Internal Revenue Code for certain low-income housing tax credit (LIHTC) properties in Florida that were affected by the devastation caused by Hurricane Charley and Hurricane Frances. Comments are due by November 23, 2004.
Meanwhile, the Florida Housing Finance Corporation (FHFC) announced that it is drafting guidelines for owners and property management companies who will be leasing units to displaced individuals. Once complete, these guidelines will be posted online at www.floridahousing.org. FHFC has also posted to its web site a statewide list of vacant rental units that could be available for rent to displaced individuals, including properties financed with or without LIHTCs. More than 6,000 units were identified as vacant as of August 31.

Learn more about Novogradac's expertise and many services