LIHTC TEST QUESTIONS EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE Actual Exam for LIHTC TEST - Basic Facts

12/4/25, 9:11 AM LIHTC TEST QUESTIONS EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE Actual Exam for 2025…




LIHTC TEST QUESTIONS EXAM (updated 2025)
Questions & Answers | Latest Already Graded A+
UPDATE Actual Exam for 2025-2026 LIHTC TEST -
Basic Facts

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Terms in this set (18)


Tax Credits (Intro) When owners receive a reduction in tax liability

1. New buildings/construction
Tax Credits go towards
2. Rehabilitation
(three things)
3. Acquisition (if also Rehabilitating)

1. FILES - Rent to Qualified People
To Retain Tax Credits 2. RENTS - Keep Rents Low (affordable)
3. UNITS - Maintain the Property

1. General Partner
2. Limited Partner/Syndicators
Four Players in Tax Credits
3. The IRS
4. The State

General Partner Assumes Liability and is usually the "Developer"

Limited Partner/Syndicator Gives the money and owns most of the property

The IRS Oversees the program

The State Allocates credits and moniters for compliance




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