Branstad, Reynolds announce IRS approval of housing relief for those affected by Missouri River flood

DES MOINES, IA – December 23, 2011 – (RealEstateRama) — Gov. Terry Branstad and Lt. Gov. Kim Reynolds today announced that the Internal Revenue Service (IRS) has approved the Branstad/Reynolds Administration’s request for a temporary waiver of income restrictions on federal housing tax credit properties throughout the state to assist Iowans who may have been displaced by the Missouri River flooding last summer. The Iowa Finance Authority administers the federal housing tax credit program in Iowa and a listing of properties is available at: www.IowaFinanceAuthority.gov/EmergencyHousing.