NCHM TAX CREDIT SPECIALIST CERTIFIED QUALITY EXAM
QUESTIONS AND ANSWERS 2026/2027 ASSURED PASS
Rent limits for lihtc represent gross rent consisting of:
Contract rent plus utility allowance plus non-optional fees
Citizenship as a tenant eligibility requirement for lihtc is:
At the owner's discretion
Determining a building's applicable fraction consists of a
comparison between it's:
Unit percentage and square footage percentage
The section 42 regulations for lihtc say that annual income
recertification is not required for:
100% lihtc sites
The available unit rule applies when:
The tenant's income increases over 140% of the current income
limit
, When transferring between buildings at lihtc sites, tenant
income must be:
Below 140% of the current income limit
One of the two provisions included in the vacant unit rule
provides that:
Reasonable attempts to rent vacant lihtc units should be made
before renting vacant market units
What fair housing laws do not apply to lihtc
Section 504 of the rehabilitation act
Compliance reporting requirements for lihtc is at the
discretion of the state housing agency, but the following is not:
Owner's certification of continuing program compliance
One of the requirements for a unit to be considered qualified
as low-income in order to generate tax credits is that its
building be placed in service for at least:
30 days
The student status of tenant household members is:
QUESTIONS AND ANSWERS 2026/2027 ASSURED PASS
Rent limits for lihtc represent gross rent consisting of:
Contract rent plus utility allowance plus non-optional fees
Citizenship as a tenant eligibility requirement for lihtc is:
At the owner's discretion
Determining a building's applicable fraction consists of a
comparison between it's:
Unit percentage and square footage percentage
The section 42 regulations for lihtc say that annual income
recertification is not required for:
100% lihtc sites
The available unit rule applies when:
The tenant's income increases over 140% of the current income
limit
, When transferring between buildings at lihtc sites, tenant
income must be:
Below 140% of the current income limit
One of the two provisions included in the vacant unit rule
provides that:
Reasonable attempts to rent vacant lihtc units should be made
before renting vacant market units
What fair housing laws do not apply to lihtc
Section 504 of the rehabilitation act
Compliance reporting requirements for lihtc is at the
discretion of the state housing agency, but the following is not:
Owner's certification of continuing program compliance
One of the requirements for a unit to be considered qualified
as low-income in order to generate tax credits is that its
building be placed in service for at least:
30 days
The student status of tenant household members is:
