National Sec. 42 disaster waiver announced

Treasury Dept. announcement out just now announcing a Treasury/IRS plan to waive Sec. 42 income restrictions for tax-credit landlords preparing to house disaster victims. [ADDED NOTE: This is an exceptional waiver of both income and "non-transient" restrictions on projects housing hurricane victims "located anywhere in the United States."]

Novogradac has this item and several others, including disaster-related updates from the tax credit programs of Texas and Kentucky as well as Louisiana.

[UPDATE: The Texas Dept. of Housing and Community Affairs has the waiver request forms available for download.]