Source: https://www.nifa.org/about/news/view-article/HousingforDisplacedIndividualsDuetoSevereWinterStormStraight-lineWindsandFloodingDisastersinNebraska
Timestamp: 2019-04-21 14:59:35+00:00

Document:
This NIFA Notice applies to Displaced Individuals as described below and to all § 42 buildings (including buildings financed with exempt facility bonds pursuant to § 142 of the Code) currently in the NIFA Low Income Housing Tax Credit (“LIHTC”) Program.
On March 21, 2019, President Trump issued a Major Disaster Declaration (“Presidential Declaration”) for Nebraska. As of March 21, 2019, the Federal Emergency Management Agency (FEMA) designated 9 Nebraska counties as areas eligible for individual assistance from the federal government.
Internal Revenue Procedure 2014-49 (“Rev. Proc. 2014-49”), provides temporary relief from certain requirements of § 42 of the Internal Revenue Code of 1986 (the “Code”), together with the ability for owners of § 42 LIHTC properties to offer Displaced Individuals (described below) emergency temporary housing in LIHTC properties. Specifically, with respect to those individuals (“Displaced Individuals”) displaced from their principal residences by the disaster (which residences are or were located in the Nebraska counties of Butler, Cass, Colfax, Dodge, Douglas, Nemaha, Sarpy, Saunders or Washington), temporary relief from the § 42 income requirements is authorized and such Displaced Individuals need not qualify as low-income households.
See the list of eligible counties at: https://www.fema.gov/disaster/4420. NOTE: Only Displaced Individuals from those counties eligible for Individual Assistance from FEMA are subject to this Notice.
Owners of LIHTC properties who wish to provide temporary emergency housing to Displaced Individuals must receive written approval from NIFA. For approval, an owner must complete and submit the Owner Request to Provide Emergency Housing form that is posted on NIFA's website.
Unless the written policies and procedures with respect to a specific § 42 project provide a preference for households displaced by presidentially declared disasters, the owner may not skip over households on your waiting list to provide emergency housing. Likewise, existing households may not be displaced in order to provide emergency housing to Displaced Individuals.
Owners that are approved to provide emergency housing must use the required forms for each Displaced Individual (or household). The following forms are posted on NIFA’s website: Affidavit of Displacement, Temporary Housing Lease Addendum, and Temporary Housing Self-Certification of Income.
Note: Units leased as emergency housing are subject to the applicable LIHTC program rent limits. Rev. Proc. 2014-49 permits units to be used on a transient basis and relieves the owner and Displaced Individual from providing evidence of income eligibility.
The emergency relief period specified in this Notice ends on March 31, 2020. After this date, Displaced Individuals that are unable to document income eligibility in accordance with the LIHTC Program may not occupy LIHTC units.
Please review Rev. Proc. 2014-49 carefully and in its entirety to avoid noncompliance issues. If you have any questions, contact NIFA’s Compliance staff at txcr.multifamily@nifa.org.
*This waiver of restrictions applies to the LIHTC and § 142 bond financing rules only. Developments financed with HOME, CDBG or other funds should contact the appropriate agency with respect to continuing requirements.

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