a-98-81.pdf

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Part IV - Items of General Interest
Special Disaster Relief
Announcement 98-81
Pursuant to the authority described in section 9 of
Rev. Proc. 95-28, 1995-1 C.B. 704, 705-6, this announcement
extends the relief provided in section 5.02 of that revenue
procedure to the owner of any project in Nevada County,
California that (1) received a 1996 allocation of low-income
housing credit under § 42(h)(1)(E) or (F) of the Internal Revenue
Code, (2) is located within 20 miles of Yuba County, California,
one of the counties included in a major disaster declaration by
the President on February 9, 1998, as a result of flooding from
the "El Nino" weather pattern, and (3) as required by section 6
of Rev. Proc. 95-28, is determined by the California Tax Credit
Allocation Committee to qualify for the relief provided in
section 5.02 of that revenue procedure as a result of the
flooding herein described. In addition, the compliance
monitoring relief provided in section 8 of Rev. Proc. 95-28 will
apply to the California Tax Credit Allocation Committee.
The principal author of this announcement is Christopher J.
Wilson of the Office of Assistant Chief Counsel (Passthroughs and
Special Industries). For further information regarding this

notice contact Mr. Wilson on (202) 622-3040 (not a toll-free
call).