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Hccp Actual Test Full Questions And Correct Answers Examprep Study Sheet

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HCCP ACTUAL TEST FULL QUESTIONS AND CORRECT ANSWERS EXAMPREP STUDY SHEET

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HCCP ACTUAL TEST FULL QUESTIONS AND
CORRECT ANSWERS EXAMPREP STUDY
SHEET

●● What are the Federally Protected Classes
Answer: Race, Color, Religion, Sex, National Orgin, Disability and
Familial Status


●● Private Letter Ruling
Answer: Ruling made directly with the owner but cannot be changed


●● Private Letter Ruling
Answer: Cannot be cited as precedent


●● HERA
Answer: Housing andEconomic Recovery Acts


●● What year does HERA start
Answer: 2008


●● When did LIHTC Start
Answer: 1986 - 10/22/1986

, ●● To Retain credits, a development must:
Answer: 1. Rent to Qualified Households
2. Keep Rents Affordable
3. Keep property Decent, Safe and Sanitary


●● I - R - S cheat meaning
Answer: I - Income
R - Rents
S - Safe and Sanitary


●● General Partner
Answer: Considered the Owner but can also be the Management
Company


●● Limited Partner
Answer: Provides GP with money to build


●● Syndicator
Answer: Middle Man - communicates between GP and LP


●● What are other names for HFA - State Housing Finance Agency

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