The Internal Revenue Service allows owners of multifamily housing developments financed with AHFA-administered Housing Credits to provide temporary housing in vacant units to displaced individuals or households displaced due to a major disaster declared by the president:
Housing Credit property owners must request approval from AHFA to participate, prior to housing any displaced individuals. Please complete the form below and return to AHFA's compliance staff:
Once AHFA approves the request, the owner may use the form located below to comply with IRS Revenue Procedures 2014-49 and 2014-50:
If you have any questions, please contact AHFA's compliance staff.