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Housing Credit Certification Exams

Welcome to the Housing Credit Online Training Center Exam Room

National Compliance Exam Testable Areas

  • Testable Area #1: Overview & Pertinent Program Terms — 10 questions
    • History & Mission
    • The Players
    • Code/Regulatory Provisions
    • Minimum Set-Aside
    • Target Fraction
    • Credit, Compliance & Extended Use Period
  • Testable Area #2: Allocation, Development & Financing — 10 questions
    • State Allocation Process
    • Federal & State Elections
    • Credit Reservations
    • 10 Percent Test & Carryover Allocations
    • Regulatory & Funding Agreements
  • Testable Area #3: Credit Calculations — 10 questions
    • Applicable Fraction
    • Eligible Basis
    • Credit Percentage
    • Qualified Basis
    • Credit Calculation
    • Financing & Other Program Affects
  • Testable Area #4: Rent Up & First Year — 10 questions
    • Placed In Service Dates
    • IRS Form 8609
    • Labeling Units
    • Vacant Units
    • Starting the Credit Period
    • First Year Applicable Fraction
    • Claiming Credits the First Year
  • Testable Area #5: Income & Rent Eligibility — 10 questions
    • Income Limits
    • Maximum Rents
    • Utility Allowances
    • Gross Rent Floors
    • Income Calculations
    • Verification Process
    • Total Household Income
    • Record Retention
  • Testable Area #6: Special Eligibility Rules — 10 questions
    • Full-time Students
    • Section 8 Voucher Holders
    • Resident Manager’s Units
    • Unit Eligibility
    • Unit Transfers
    • Unit Vacancy Rule
    • Recertifications
    • Available Unit Rule
  • Testable Area 7: Monitoring, Reporting & Noncompliance — 10 questions
    • Reporting Requirements
    • Audits
    • IRS Form 8823
    • Final 8823 Guide
    • Ownership Changes
    • Noncompliance
    • Recapture
    • Noncompliance Correction

 

 

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