7/14/26, 9:23 AM Tax Credit Specialist Exam (Latest Update 2026) UPDATE!! comprehensive questions fully solved & updated Flashcards | Quizlet
Tax Credit Specialist Exam (Latest Update 2026)
UPDATE!! comprehensive questions fully solved
& updated
Save Add to calendar
Terms in this set (61)
Who is responsible for most of the State Housing Finance Agencies (SHFA)
regulatory administration of the low-
income housing tax credit program?
The initial compliance period for 30 Years
LIHTC properties combined with the
Extended Use Period must be for a
minimum period of affordability at:
The LIHTC regulations require that Hud Handbook 4350.3 REV-1
HUD guidance for properly
identifying and calculating income
and assets be followed according to
:
https://quizlet.com/1194631075/tax-credit-specialist-exam-latest-update-2026-update-comprehensive-questions-fully-solved-updated-flash-cards/?new 1/9
, 7/14/26, 9:23 AM Tax Credit Specialist Exam (Latest Update 2026) UPDATE!! comprehensive questions fully solved & updated Flashcards | Quizlet
Use of HUD's EIV system is: Prohibited for LIHTC income verifications
LIHTC legislation provisions include HERA, ARRA, VAWA
The first 3 stages in the life of a 3 Years
LIHTC property generally occur
whithin:
A reservation letter received at the A portion of that years tax credits will be held in
end of the application stage for reserve for a project
LIHTC means that
Carryover Allocations are issued by Their 10% tests have been met
State Housing Federal Agency
(SHFA) for LIHTC projects when:
Acquisition/rehab projects generally 120 days before acquisition
place in service at acquisition and 120 days after acquisition
are given 240 days surrounding the acquisition
In the project example from The tax credit projects mortgage will be less than
Appendix C (Course Manual pg. that of the conventional property providing less
525), the equity from the credit sale debt and greater affordability
means that:
When conducting physical HUD's Uniform Physical Condition Standards
inspections for LIHTC, most state (UPCS)
agencies use:
The two most important line items 8B and 10C
for management purposes under
Part ll of IRS form 8609 are:
https://quizlet.com/1194631075/tax-credit-specialist-exam-latest-update-2026-update-comprehensive-questions-fully-solved-updated-flash-cards/?new 2/9
Tax Credit Specialist Exam (Latest Update 2026)
UPDATE!! comprehensive questions fully solved
& updated
Save Add to calendar
Terms in this set (61)
Who is responsible for most of the State Housing Finance Agencies (SHFA)
regulatory administration of the low-
income housing tax credit program?
The initial compliance period for 30 Years
LIHTC properties combined with the
Extended Use Period must be for a
minimum period of affordability at:
The LIHTC regulations require that Hud Handbook 4350.3 REV-1
HUD guidance for properly
identifying and calculating income
and assets be followed according to
:
https://quizlet.com/1194631075/tax-credit-specialist-exam-latest-update-2026-update-comprehensive-questions-fully-solved-updated-flash-cards/?new 1/9
, 7/14/26, 9:23 AM Tax Credit Specialist Exam (Latest Update 2026) UPDATE!! comprehensive questions fully solved & updated Flashcards | Quizlet
Use of HUD's EIV system is: Prohibited for LIHTC income verifications
LIHTC legislation provisions include HERA, ARRA, VAWA
The first 3 stages in the life of a 3 Years
LIHTC property generally occur
whithin:
A reservation letter received at the A portion of that years tax credits will be held in
end of the application stage for reserve for a project
LIHTC means that
Carryover Allocations are issued by Their 10% tests have been met
State Housing Federal Agency
(SHFA) for LIHTC projects when:
Acquisition/rehab projects generally 120 days before acquisition
place in service at acquisition and 120 days after acquisition
are given 240 days surrounding the acquisition
In the project example from The tax credit projects mortgage will be less than
Appendix C (Course Manual pg. that of the conventional property providing less
525), the equity from the credit sale debt and greater affordability
means that:
When conducting physical HUD's Uniform Physical Condition Standards
inspections for LIHTC, most state (UPCS)
agencies use:
The two most important line items 8B and 10C
for management purposes under
Part ll of IRS form 8609 are:
https://quizlet.com/1194631075/tax-credit-specialist-exam-latest-update-2026-update-comprehensive-questions-fully-solved-updated-flash-cards/?new 2/9
