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What time of the month does the government pay the monthly subsidy to Tax Credit properties on behalf of low-income renters?
Is it possible for a program to have multiple set-asides?
A building that is meeting the 40/60 set-aside rules would have which of the following?
If a building has 68 units and 27 of those units are qualified under your 40/60 set-aside, is this building meeting the compliance goal? Yes or No?
To calculate Max Rent, first determine the income limit to use (bedroom size times 1.5) then multiply by .30 divided by 12.
True or False? When a property is getting an error uploading the electronic report to the reporting agency, there is nothing support can to do help, it is the agency's problem to fix.
What Income limit would you use for a 5-bedroom unit that is on the 60% set-aside?
What Income limit would you use for a 4-bedroom unit that is on the 50% set-aside?
Once the income limit of $38,760 is determined, what is the Monthly Max Rent?
There are many different types of rental assistance that are available in various states/areas. Federal, local, private, etc.
If the client is unable to edit the "Income at move-in" value from the Household information tab, what does this indicate?
True or False? If the household is layered with HUD, the TIC must show the same income and asset values as appear on the 50059.
True or False? If a household moves in on 5/16, of whatever year, on the Tax credit program the next Annual date must be 5/1 of the next year.
True or False? If a TIC is showing informational errors when clicking "verify tax credits", We should verify the information and ignore it if applicable.
True or False? In order for a Tax Credits site to update their Utility Allowances, they must process IR TICs for every resident.
