K
C
LO
YC
D
U
TAX CREDIT SPECIALIST
ST
EXAM QUESTIONS AND
CORRECT VERIFIED
ANSWERS 100% GUARANTEED
PASS A+ GRADED
, Who is responsible for most of the regulatory administration of the low-income housing tax credit
program?
State Housing Finance Agencies (SHFA)
The initial compliance period for LIHTC properties combined with the Extended Use Period must
be for a minimum period of affordability at:
30 Years
K
The LIHTC regulations require that HUD guidance for properly identifying and calculating
income and assets be followed according to :
C
Hud Handbook 4350.3 REV-1
LO
Use of HUD's EIV system is:
Prohibited for LIHTC income verifications
LIHTC legislation provisions include
YC
HERA, ARRA, VAWA
The first 3 stages in the life of a LIHTC property generally occur whithin:
3 Years
D
A reservation letter received at the end of the application stage for LIHTC means that
A portion of that years tax credits will be held in reserve for a project
U
Carryover Allocations are issued by State Housing Federal Agency (SHFA) for LIHTC projects
ST
when:
Their 10% tests have been met
Acquisition/rehab projects generally place in service at acquisition and are given
120 days before acquisition
120 days after acquisition
240 days surrounding the acquisition
C
LO
YC
D
U
TAX CREDIT SPECIALIST
ST
EXAM QUESTIONS AND
CORRECT VERIFIED
ANSWERS 100% GUARANTEED
PASS A+ GRADED
, Who is responsible for most of the regulatory administration of the low-income housing tax credit
program?
State Housing Finance Agencies (SHFA)
The initial compliance period for LIHTC properties combined with the Extended Use Period must
be for a minimum period of affordability at:
30 Years
K
The LIHTC regulations require that HUD guidance for properly identifying and calculating
income and assets be followed according to :
C
Hud Handbook 4350.3 REV-1
LO
Use of HUD's EIV system is:
Prohibited for LIHTC income verifications
LIHTC legislation provisions include
YC
HERA, ARRA, VAWA
The first 3 stages in the life of a LIHTC property generally occur whithin:
3 Years
D
A reservation letter received at the end of the application stage for LIHTC means that
A portion of that years tax credits will be held in reserve for a project
U
Carryover Allocations are issued by State Housing Federal Agency (SHFA) for LIHTC projects
ST
when:
Their 10% tests have been met
Acquisition/rehab projects generally place in service at acquisition and are given
120 days before acquisition
120 days after acquisition
240 days surrounding the acquisition
