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Track each student's skills and progress in your Mastery dashboards
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- Q1
What time of the month does the government pay the monthly subsidy to Tax Credit properties on behalf of low-income renters?
The first 10 days of the month
There is no subsidy paid
It varies, the government is fickle
The last 10 days of the month
30sNH.PK.IK - Q2
Is it possible for a program to have multiple set-asides?
truefalseTrue or False30sNH.PK.IK - Q3
A building that is meeting the 40/60 set-aside rules would have which of the following?
40% of the households are at or below the 60% AMI levels
50% of the households are at or below the 20% AMI levels
60% of the households are at or below the 40% AMI levels
20% of the households are at or below the 50% AMI levels
30sNH.PK.IK - Q4
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?
Users enter free textType an Answer30sNH.PK.IK - Q5
To calculate Max Rent, first determine the income limit to use (bedroom size times 1.5) then multiply by .30 divided by 12.
truefalseTrue or False30sNH.PK.IK - Q6
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.
falsetrueTrue or False30sNH.PK.IK - Q7
What Income limit would you use for a 5-bedroom unit that is on the 60% set-aside?
$38,760
$38,300
$44,520
$45,960
30sNH.PK.IK - Q8
What Income limit would you use for a 4-bedroom unit that is on the 50% set-aside?
$29,900
$41,640
$34,700
$35,880
30sNH.PK.IK - Q9
Once the income limit of $38,760 is determined, what is the Monthly Max Rent?
$323
$792
$969
$970
30sNH.PK.IK - Q10
There are many different types of rental assistance that are available in various states/areas. Federal, local, private, etc.
truefalseTrue or False30sNH.PK.IK - Q11
If the client is unable to edit the "Income at move-in" value from the Household information tab, what does this indicate?
The household is pending move-out
The household has a finalized Initial certification
The household is not eligible for Tax Credits
The household was converted from different software
30sNH.PK.IK - Q12
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.
falsetrueTrue or False30sNH.PK.IK - Q13
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.
falsetrueTrue or False30sNH.PK.IK - Q14
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.
truefalseTrue or False30sNH.PK.IK - Q15
True or False? In order for a Tax Credits site to update their Utility Allowances, they must process IR TICs for every resident.
falsetrueTrue or False30sNH.PK.IK
