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LIHTC PRACTICE EXAM (LATEST) QUESTIONS WITH 100% CORRECT ANSWERS!!
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LIHTC PRACTICE EXAM (LATEST) QUESTIONS WITH 100% CORRECT ANSWERS!!
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LIHTC PRACTICE EXAM(LATEST) QUESTIONS
WITH 100% CORRECT
ANSWERS!!
LIHTC
Evatee 10/3/24 LIHTC
, LIHTC PRACTICE EXAM (LATEST) QUESTIONS
WITH 100% CORRECT ANSWERS!!
The head of Household is age 65. He receives $650 per month is Social Security
benefits. How much of this is included as annual family income? Answer -
$7800
An adult household member of a LIHTC family receives $400/month from
management for cleaning the laundry rooms at the property. Because this is
considered as a resident service stipend by property's owners, non of it is
included as income for the family for eligibility purposes Answer - False
The son of the head of household in a LIHTC family is 45 years old. He is a full
time student. He earns $750/month from his job. How much of this amount is
included as part of annual family income for eligibility purposes? Answer -
$480
The head of household of the family, who is a full time students, earns
$600/month from her job. The owner of the property must count all of this
income as part of the family gross annual income, for eligibility purposes.
Answer - True
Mrs. Herrington, the spouse of the head of household applying for a LIHTC unit,
has a court order requiring her ex-husband to pay her $350 per month in child
support. Mrs. Herrington has certified that her ex husband is only paying
$100/month. however because the ex husband lost his job earlier in the year.
Mrs. Herrington has not gone back to court to seek injunction requiring
payment of the remaining amount. The owner of the LIHTC property should:
Answer - Include $4800 as part of the family income.
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