Treasury and IRS Expand Availability of Housing for Hurricane Sandy Victims

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By RealEstateRama -

WASHINGTON, DC – November 5, 2012 – (RealEstateRama) — As part of the administration’s continued support for states and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service today announced that they will waive low-income housing tax credit rules that prohibit owners of low-income housing from providing housing to victims of Hurricane Sandy who do not qualify as low-income. The action will expand the availability of housing for disaster victims and their families.

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