History
Documents
Program Requirements
Household Composition
Income/Assets
100
1986
What is the year Low Income Housing Tax Credit Program was enacted?
100
TIC
What is a Tenant Income Certification?
100
40/60 or 20/50
What is minimum set-asides?
100
Foster Adult
What is include?
100
Checking Account
What is six month average?
200
Population
What is how Tax Credits are allocated by the IRS to the State?
200
PIS
What is Placed in Service?
200
6 months
What is the IRS lease term requirement?
200
Child visiting on the weekend
What is exclude?
200
Savings Account
What is current balance?
300
State Housing Agency
What is who monitors compliance?
300
CO
What is Certificate of Occupancy?
300
UA
What is a Utility Allowance?
300
Unborn Child
What is include if disclosed?
300
Imputed Value
What is 2%?
400
Tax Credit
What is a dollar for dollar credit against a tax liability?
400
8823
What is document issue to report non-compliance to the State?
400
120
What is how long verification forms are good for?
400
Military Member
What is include unless under hostile fire?
400
Net Amount
What is Self-Employment?
500
HUD
What is who sets the Rents and Income Guidelines for LIHTC?
500
HUD 4350.3 Rev 1
What is the guidebook for Income and Assets?
500
5 months in a calendar year
What length of time in school determines a student?
500
LICA
What is exclude for Income, Include for Occupancy
500
$480
What is income counted from a dependent working household member?
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