Multifamily Housing Specialist Certification (MHS) Exam/Questions and answers from Nan McKay & Associates Certification coursework

Multifamily Housing Specialist Certification
(MHS) Exam/Questions and answers from Nan
McKay & Associates Certification coursework
Rental assistance under the project-based Section 8 program is tied to:
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a. The resident
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b. The project - Correct Answers a. The project
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Il` No new project-based Section 8 HAP contracts may be executed by HUD with the exception of
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Il` contracts executed under the RAD PBRA program Il` Il` Il` Il` Il` Il`




a. True Il`




b. False - Correct Answers a. True
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Il` CAs and PBCAs typically perform all of the following functions except:
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a. Processing monthly TRACS and voucher submissions
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b. Reviewing and following up on certain REAC inspection findings
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c. Updating program regulations
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d. Managing annual utility allowance analysis and rent increases - Correct Answers a. Updating
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program regulations
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Il` The owner and the management agent must be the same business entity
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a. True Il`




b. False - Correct Answers b. False
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Il` Which party's major responsibilities include allocating and monitoring funds?
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a. HUD Il`

,b. The O/A
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c. Congress
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d. PBCAs and CAs - Correct Answers a. HUD
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Il` How often does HUD update the HUD Handbook 4350.3?
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a. Monthly
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b. Annually
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c. Biennially
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d. From time to time as needed - Correct Answers d. From time to time as needed
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Il` Housing notices (H-notices) are: (Select all that apply) Il` Il` Il` Il` Il` Il` Il`




a. Mandatory while current
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b. Guidance once they expire as long as a new notice has not superseded them
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c. Discretionary since they are not part of the CFRs - Correct Answers a. Mandatory while current
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b. Guidance once they expire as long as a new notice has not superseded them
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Il` All multifamily requirements apply uniformly to all properties and residents, including properties
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Il` assisted under multiple programs Il` Il` Il`




a. True Il`




b. False - Correct Answers b. False
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Il` Which of the following is NOT true about the HUD Handbook 4350.3?
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a. It contains rules governing eligibility and occupancy requirements
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b. It provides HUD's interpretations of mandatory rules and regulations, and advisory guidance
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c. It only applies to a few programs under the multifamily umbrella
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d. It is organized by program function - Correct Answers c. It only applies to a few programs
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under the multifamily umbrella
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,Il` The Code of Federal Regulations Parts 88-, 881, 883, and 884 are all relevant to multifamily
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Il` housing programs Il`




a. True Il`




b. False - Correct Answers a. True
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Il` When converting public housing units to Section 8 HAP contracts under RAD, the PHA may select
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Il` to convert units to:
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a. Low-income housing tax credits
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b. Project-based rental assistance (PBRA) only
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c. Project-based vouchers (PBVs)
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d. Either project-based vouchers (PBVs) or project-based rental assistance (PBRA) - Correct
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Answers d. Either project-based vouchers (PBVs) or project-based rental assistance (PBRA)
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Il` What office within HUD oversees the project-based Section 8 (PBRA) program?
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a. Multifamily
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b. Public and Indian Housing (PIH)
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c. Community Planning and Development (CPD)
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d. Office of Inspector General - Correct Answers a. Multifamily
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Il` There are no differences between the requirements for running a standard PBRA project vs. a
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Il` RAD PBRA project Il` Il`




a. True Il`




b. False - Correct Answers b. False
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Il` HUD launched RAD to assess the effectiveness of converting public housing, moderate
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Il` rehabilitation properties and units under rent supplement and rental assistance payments Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` programs to long-term project-based Section 8 Il` Il` Il` Il` Il`

, a. True Il`




b. False - Correct Answers a. True
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Il` Which of the following are true with regards to RAD PBRA? (Select all that apply)
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a. Rental assistance is provided to PHAs through HAP contracts
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b. The initial terms of contracts are 20 years with mandatory renewals
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c. Projects are treated as Pre-1981 Act projects - Correct Answers a. Rental assistance is provided
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to PHAs through HAP contracts
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b. The initial terms of contracts are 20 years with mandatory renewals
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c. Projects are treated as Pre-1981 Act projects
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Il` When must HUD approve a project's Tenant Selection Plan (TSP)?
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a. When the owner adopts any waiting list preferences
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b. When the owner adopts any discretionary preferences
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c. When the owner adopts a residency or homeless preference
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d. HUD never needs to approve a project's TSP - Correct Answers c. When the owner adopts a
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residency or homeless preference
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Il` The O/A must get approval from the local HUD field office for any non-regulatory preferences
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a. True Il`




b. False - Correct Answers a. True
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Il` For placement on the waiting list, it is not necessary for the owner to verify preferences claimed
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Il` by the applicant family
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a. True Il`




b. False - Correct Answers b. False
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