Multifamily Housing Specialist Certification (MHS) Exam Final with Correct Questions and Answers 100% A+ Graded

Multifamily Housing Specialist Certification (MHS) Exam Final with Correct Questions and Answers 100% A+ Graded Rental assistance under the project-based Section 8 program is tied to: a. The resident b. The project - CORRECT ANSWER-a. The project No new project-based Section 8 HAP contracts may be executed by HUD with the exception of contracts executed under the RAD PBRA program a. True b. False - CORRECT ANSWER-a. True CAs and PBCAs typically perform all of the following functions except: a. Processing monthly TRACS and voucher submissions b. Reviewing and following up on certain REAC inspection findings c. Updating program regulations d. Managing annual utility allowance analysis and rent increases - CORRECT ANSWER-a. Updating program regulations The owner and the management agent must be the same business entity a. True b. False - CORRECT ANSWER-b. False Which party's major responsibilities include allocating and monitoring funds? a. HUD b. The O/A c. Congress d. PBCAs and CAs - CORRECT ANSWER-a. HUD How often does HUD update the HUD Handbook 4350.3? a. Monthly b. Annually c. Biennially d. From time to time as needed - CORRECT ANSWER-d. From time to time as needed Housing notices (H-notices) are: (Select all that apply) a. Mandatory while current b. Guidance once they expire as long as a new notice has not superseded them c. Discretionary since they are not part of the CFRs - CORRECT ANSWER-a. Mandatory while current b. Guidance once they expire as long as a new notice has not superseded them All multifamily requirements apply uniformly to all properties and residents, including properties assisted under multiple programs a. True b. False - CORRECT ANSWER-b. False Which of the following is NOT true about the HUD Handbook 4350.3? a. It contains rules governing eligibility and occupancy requirements b. It provides HUD's interpretations of mandatory rules and regulations, and advisory guidance c. It only applies to a few programs under the multifamily umbrella d. It is organized by program function - CORRECT ANSWER-c. It only applies to a few programs under the multifamily umbrella The Code of Federal Regulations Parts 88-, 881, 883, and 884 are all relevant to multifamily housing programs a. True b. False - CORRECT ANSWER-a. True When converting public housing units to Section 8 HAP contracts under RAD, the PHA may select to convert units to: a. Low-income housing tax credits b. Project-based rental assistance (PBRA) only c. Project-based vouchers (PBVs) d. Either project-based vouchers (PBVs) or project-based rental assistance (PBRA) - CORRECT ANSWER-d. Either project-based vouchers (PBVs) or project-based rental assistance (PBRA) What office within HUD oversees the project-based Section 8 (PBRA) program? a. Multifamily b. Public and Indian Housing (PIH) c. Community Planning and Development (CPD) d. Office of Inspector General - CORRECT ANSWER-a. Multifamily There are no differences between the requirements for running a standard PBRA project vs. a RAD PBRA project a. True b. False - CORRECT ANSWER-b. False HUD launched RAD to assess the effectiveness of converting public housing, moderate rehabilitation properties and units under rent supplement and rental assistance payments programs to long-term project-based Section 8 a. True b. False - CORRECT ANSWER-a. True Which of the following are true with regards to RAD PBRA? (Select all that apply) a. Rental assistance is provided to PHAs through HAP contracts b. The initial terms of contracts are 20 years with mandatory renewals c. Projects are treated as Pre-1981 Act projects - CORRECT ANSWER-a. Rental assistance is provided to PHAs through HAP contracts b. The initial terms of contracts are 20 years with mandatory renewals c. Projects are treated as Pre-1981 Act projects When must HUD approve a project's Tenant Selection Plan (TSP)? a. When the owner adopts any waiting list preferences b. When the owner adopts any discretionary preferences c. When the owner adopts a residency or homeless preference d. HUD never needs to approve a project's TSP - CORRECT ANSWER-c. When the owner adopts a residency or homeless preference The O/A must get approval from the local HUD field office for any non-regulatory preferences a. True b. False - CORRECT ANSWER-a. True For placement on the waiting list, it is not necessary for the owner to verify preferences claimed by the applicant family a. True b. False - CORRECT ANSWER-b. False Which of the following is not true regarding owner-adopted preferences a. Owners are required to adopt preferences b. Preferences must comply with applicable fair housing and civil rights laws