HCCP QUESTIONS WITH
DETAILED VERIFIED ANSWERS;
ALREADY GRADED A; 2026
_____ days notice to update utility allowance -
correct answer- 90
________ year Credit period starts on ______ the year
after the project is placed in service - correct
answer- 10, 1/1
Acquisition deals are always _% - correct answer-
4%
Annual tax credit is the amount the owner can claim in
years - correct answer- 2-10
Applicable fraction is a building or a project rule -
correct answer- Building
, Applicable fraction is reviewed by the owner at the ____
of each month for year one - correct answer-
End
Are student loans financial assistance/income? -
correct answer- No
Are super and model units counted in applicable fraction?
- correct answer- Super no, model is counted as
market rate
Can MSA ever be changed? - correct answer-
No
Carryover allocation is related to - correct answer-
Placed in service date
Compliance period is _________ years - correct
answer- 15
DETAILED VERIFIED ANSWERS;
ALREADY GRADED A; 2026
_____ days notice to update utility allowance -
correct answer- 90
________ year Credit period starts on ______ the year
after the project is placed in service - correct
answer- 10, 1/1
Acquisition deals are always _% - correct answer-
4%
Annual tax credit is the amount the owner can claim in
years - correct answer- 2-10
Applicable fraction is a building or a project rule -
correct answer- Building
, Applicable fraction is reviewed by the owner at the ____
of each month for year one - correct answer-
End
Are student loans financial assistance/income? -
correct answer- No
Are super and model units counted in applicable fraction?
- correct answer- Super no, model is counted as
market rate
Can MSA ever be changed? - correct answer-
No
Carryover allocation is related to - correct answer-
Placed in service date
Compliance period is _________ years - correct
answer- 15
