SECTION 1. PURPOSE

In the context of a Major Disaster, this revenue procedure provides temporary relief from certain requirements of § 42 of the Internal Revenue Code for Agencies and Owners. This revenue procedure also provides emergency housing relief for individuals who are displaced by a Major Disaster from their principal residences in certain Major Disaster Areas. For lowincome buildings financed with exempt facility bonds under § 142, see also Rev. Proc. 2014–50, I.R.B. 2014–37, which provides for emergency housing relief under § 142(d) in response to Major Disasters. This revenue procedure modifies and supersedes Rev. Proc. 2007–54, 2007–2 C.B. 293. See section 5 of this revenue procedure for definitions of certain capitalized terms appearing throughout this revenue procedure.