INCOME
This income verification is no longer required to be dated within 120 days of certification effective date.
What is a Social Security Award Letter?
Asset self-certification is not allowed when total ___________________ assets exceed the current threshold.
What is non-necessary personal property?
For LIHTC, new household members get added to the existing household in Yardi at this next event.
What is at the next recertification?
Waitlists should be purged _________________.
What is once a year?
DAILY DOUBLE: HOTMA stands for ___________.
What is Housing Opportunity Through Modernization Act?
This income verification can no longer be used to verify employment unless there is a special circumstance.
What is an employment verification?
Number of checking account statements needed for verification when required to verify.
What is one?
Under HOTMA, these household members no longer count as part of the household for income limit purposes.
What is foster adults/children?
There should be __________ preventative maintenance inspections reports in the tenant's file.
What is one report a year?
The compliance department has _____ members.
What is seven?
This form is required when obtaining pay stubs for new MIs and recertifications.
What is the Employer/Applicant Pay Stub Questionnaire?
These types of accounts are no longer considered assets under HOTMA.
What are retirement accounts?
True or False: Unborn children must be counted as part of the household's occupancy for bedroom size & income limit purposes.
What is true?
Habitat requires this type of folder for tenant files.
What is a six-part folder?
This asset category is always excluded as an asset.
What is Necessary Personal Property?
_________ income is used to calculate self-employment.
What is net income?
You must always include the value of this asset type on the TIC/59 regardless of whether it is less than or exceeds the current threshold.
What is real property?
True or False: A student who lives on campus is still considered a household member.
What is false?
When entering income/assets for a new applicant into Yardi after compliance approval, you must look at the __________ to ensure that correct information is being entered.
What is the approved file/approval page from compliance?
Calculation worksheets should be completed for new MIs and every __________.
What is recertification?
When completing a recertification, if a tenant is paid weekly, management must obtain _______ pay stubs.
What is four?
DAILY DOUBLE: Under HOTMA, assets have been broken into these (3) categories.
What is Necessary Personal Property, Non-Necessary Personal Property and Real Property?
When reviewing a tenant's request to transfer, management must treat the tenant as a new MI when transferring between BINs and/or __________ in set-asides.
What is decreasing?
Yardi produces _______ recertification notices.
What is three?
Tax returns or refundable credits are subtracted from __________.
What is the total net assets?