HCCP QUESTIONS AND ANSWERS SET A.pdf

HCCP QUESTIONS AND ANSWERS SET A+
✔✔Limited Partner - ✔✔Provides GP with money to build

✔✔Syndicator - ✔✔Middle Man - communicates between GP and LP

✔✔What are other names for HFA - State Housing Finance Agency - ✔✔1. State
Agency
2. Allocating Agency
3. Finance Agency

✔✔What is a QAP - ✔✔Qualified Allocation Plan

✔✔What is QAP also Known As - ✔✔Game Plan

✔✔What is the Game Plan - ✔✔QAP - Qualified Allocation Plan

✔✔What is QAP for? - ✔✔Used by the states to decide who gets credits using the
scoring system

✔✔What is form 8823 - ✔✔Form used by the state agency to file non compliance to the
IRS

✔✔Who files 8823? - ✔✔State Agency

✔✔What is 8823 Guide book - ✔✔Provides agency's with reference on how to complete
form 8823

✔✔What is LURA? - ✔✔Land Use Restriction Agreement

✔✔LURA Aka... - ✔✔1. Use Agreement
2. Regulatory Agreement