Exam (elaborations)
HCCP/HCCP EXAM 2024!!
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HCCP/HCCP EXAM 2024!!
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Name: Score:33 Multiple choice questions
Term 1 of 33
When adding new members
Ignore the new members income when updating certification
Apply the available unit rule only if the new member is a minor
Verify and add the new members income to the most recent certification. Apply the
available unit rule if applicable to new household income
Add the new members income without verification
Definition 2 of 33
The states use ______ for local code for physical inspections
Local zoning regulations
Uniform physical conditions standards (UPCS)
National building codes
State tax laws
Term 3 of 33
Allocation rules are spelled out in a
Qualified allocation plan (QAP)
The allocation of credits and compliance monitoring
Using form 8823
State agencies or state allocating agencies
, Term 4 of 33
Who do we count in the house hold?
Live in attendants
Children who are Temporarily absent and placed in foster home
In joint custody who are present 50% of time
Away at school who live with family during school breaks
Being adopted
Unborn
Members temporarily away
Members in rehab
Future spouse or roommate
Foster children and adults
State agencies or state allocating agencies
An owner (partner) who has unlimited liability and is active in managing the firm.
Term 5 of 33
Limited Partnership (LP)
Facilitate the GP and LP relationship. Syndicator combine multiple projects into a single
fund, and then offer shares in the fund to individual investors
Verify and add the new members income to the most recent certification. Apply the
available unit rule if applicable to new household income
A partnership in which one or more partners have limited liability as long as at least one
partner (the general partner) has unlimited liability. The limited partners are passive
investors that cannot take an active role in the firm's management.
1. All adult household members are married and entitled to file a joint tax return
2. All adult household members are single parents with minor children
3. A household member receives TANF
4. A household member formerly received foster care assistance
5. A household member gets assistance from the JTPA or SIMILAR program
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