How to plan for natural disasters

Article Abstract:

Companies can reduce their losses in the event of a natural disaster if they have a disaster plan prepared beforehand. This first involves an assessment of risks, following which, steps can be taken to make preparations to cope with those risks, should they become reality. A team of experts trained in dealing with such matters allows companies to respond speedily, and they need the necessary resources made available to them. This includes a center for operations which coordinates essential needs, such as food and shelter.

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Damming the risk

Article Abstract:

it is necessary to plan ahead to cope with disasters, especially for people who own or rent buildings, and those involved in negotiating leases, and insurance. This is illustrated by disasters in the United States city of Chicago. Risks can be managed if appropriate steps are taken, and these include building maintenance and adequate insurance cover as owners' responsibility, and being aware of lease conditions as a responsibility for tenants.

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Seeking shelter from the storm: casualty loss and the LIHTC

Article Abstract:

There is a danger that damage to housing property can result in the loss of tax benefits under United States law, though owners can minimize this through using Casualty Exception procedures. This is contained in Section 42 of the United States Internal Revenue Code. The procedures are especially relevant to firms and individuals involved in low cost housing, and they can benefit from planning for such eventualities.

Real estate investment trusts, Interpretation and construction, Tax law, Laws, regulations and rules, Low income housing tax credit

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