SECTION 12. EMERGENCY

HOUSING RELIEF — REQUIREMENTS AND RESTRICTIONS

.01 Requirements for Relief . For an Owner to use the relief provided in section 13 of this revenue procedure, the conditions in this section 12 must be satisfied.

.02 Agency Approval. (1) The Agency provides written approval to the Owner for use of the Project to house Displaced Individuals and specifies the date on which the Temporary Housing Period for the Project ends. The Temporary Housing Period cannot exceed 12 months from the end of the month in which the President declared the Major Disaster.

(2) For low-income buildings financed with exempt facility bonds under § 142, see section 5.02 of Rev. Proc. 2014–50, I.R.B. 2014–37.

.03 Protection of Existing Tenants . No existing tenant whose income is, or is treated as, at or below an applicable income limit under § 42(g)(2) may be evicted or otherwise have his or her occupancy terminated solely to provide emergency housing relief for a Displaced Individual.

.04 Recordkeeping Requirements . The Owner complies with the recordkeeping requirements in section 14 of this revenue procedure.

.05 Rent Restrictions . Gross rents for the low-income units that house Displaced

Individuals do not exceed the maximum gross rent for those units that would apply under § 42(g)(2).

.06 Project Meets All Remaining Re- quirements . Except as expressly provided in this revenue procedure, a Project meets all other rules and requirements of § 42.