HCCP COMPREHENSIVE TEST BANK 2026
VERIFIED QUESTIONS AND SOLUTIONS
100% CORRECT
●● What are the Federally Protected Classes.
Answer: Race, Color, Religion, Sex, National Orgin, Disability and
Familial Status
●● Private Letter Ruling.
Answer: Ruling made directly with the owner but cannot be changed
●● Private Letter Ruling.
Answer: Cannot be cited as precedent
●● HERA.
Answer: Housing andEconomic Recovery Acts
●● What year does HERA start.
Answer: 2008
●● When did LIHTC Start.
Answer: 1986 - 10/22/1986
, ●● To Retain credits, a development must:.
Answer: 1. Rent to Qualified Households
2. Keep Rents Affordable
3. Keep property Decent, Safe and Sanitary
●● I - R - S cheat meaning.
Answer: I - Income
R - Rents
S - Safe and Sanitary
●● General Partner.
Answer: Considered the Owner but can also be the Management
Company
●● Limited Partner.
Answer: Provides GP with money to build
●● Syndicator.
Answer: Middle Man - communicates between GP and LP
●● What are other names for HFA - State Housing Finance Agency.
VERIFIED QUESTIONS AND SOLUTIONS
100% CORRECT
●● What are the Federally Protected Classes.
Answer: Race, Color, Religion, Sex, National Orgin, Disability and
Familial Status
●● Private Letter Ruling.
Answer: Ruling made directly with the owner but cannot be changed
●● Private Letter Ruling.
Answer: Cannot be cited as precedent
●● HERA.
Answer: Housing andEconomic Recovery Acts
●● What year does HERA start.
Answer: 2008
●● When did LIHTC Start.
Answer: 1986 - 10/22/1986
, ●● To Retain credits, a development must:.
Answer: 1. Rent to Qualified Households
2. Keep Rents Affordable
3. Keep property Decent, Safe and Sanitary
●● I - R - S cheat meaning.
Answer: I - Income
R - Rents
S - Safe and Sanitary
●● General Partner.
Answer: Considered the Owner but can also be the Management
Company
●● Limited Partner.
Answer: Provides GP with money to build
●● Syndicator.
Answer: Middle Man - communicates between GP and LP
●● What are other names for HFA - State Housing Finance Agency.
