HCCP 2026 Exam Questions
and Correct Answers | New
Update
Compliance period is _________ years - ANSWER ✔✔15
________ year Credit period starts on ______ the year after the project
is placed in service - ANSWER ✔✔10, 1/1
Can MSA ever be changed? - ANSWER ✔✔No
Initial inspection of tenant files is done at the ____ of year ____ after the
project is placed in service, then every _____ years - ANSWER
✔✔End of year 2, then every 3 years
, Tenants must be verified less than _____ days before the effective date -
ANSWER ✔✔120
Are student loans financial assistance/income? - ANSWER ✔✔No
Move in effective date is the same as the - ANSWER ✔✔Move in
date
PIS date for Aq Rehab - ANSWER ✔✔A date in any 24 month period
where 20% of adjusted basis is spent
Project must be placed in service by end of year when credits were
allocated. If a carryover allocation is given, they get an extra ___ years,
but they must spend ____% of ______ within _____ months -
ANSWER ✔✔2 years, 10% of EB within 12 months
If credits are deferred, the project must meet the MSA by - ANSWER
✔✔The end of the following year
If bonds are used, can rural be used? - ANSWER ✔✔NO. Only
private financing
HERA date - ANSWER ✔✔Before 1/1/09
_____ days notice to update utility allowance - ANSWER ✔✔90
and Correct Answers | New
Update
Compliance period is _________ years - ANSWER ✔✔15
________ year Credit period starts on ______ the year after the project
is placed in service - ANSWER ✔✔10, 1/1
Can MSA ever be changed? - ANSWER ✔✔No
Initial inspection of tenant files is done at the ____ of year ____ after the
project is placed in service, then every _____ years - ANSWER
✔✔End of year 2, then every 3 years
, Tenants must be verified less than _____ days before the effective date -
ANSWER ✔✔120
Are student loans financial assistance/income? - ANSWER ✔✔No
Move in effective date is the same as the - ANSWER ✔✔Move in
date
PIS date for Aq Rehab - ANSWER ✔✔A date in any 24 month period
where 20% of adjusted basis is spent
Project must be placed in service by end of year when credits were
allocated. If a carryover allocation is given, they get an extra ___ years,
but they must spend ____% of ______ within _____ months -
ANSWER ✔✔2 years, 10% of EB within 12 months
If credits are deferred, the project must meet the MSA by - ANSWER
✔✔The end of the following year
If bonds are used, can rural be used? - ANSWER ✔✔NO. Only
private financing
HERA date - ANSWER ✔✔Before 1/1/09
_____ days notice to update utility allowance - ANSWER ✔✔90
