Briefly
The Internal Revenue Service and the Treasury Department will waive rules to allow owners of low-income housing to provide housing to victims of Hurricane Katrina who do not qualify as low-income. They will also temporarily suspend nontransient requirements for qualified low-income housing projects anywhere in the United States.
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* Although insurance rates surely will increase in Louisiana, Mississippi and Alabama, rates in states outside the hurricane-affected region are not expected to jump, industry experts say. Rates in a state are based on what occurs only there, said Robert Hartwig, chief economist for the Insurance Information Institute in New York.
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