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Quiz | Leases

home htf hud lihtc quiz rural development Jan 25, 2023

As we move into a new year, we may find ourselves thinking of timelines, which may lead to thoughts of lease terms, which this quiz explores.

1. Which program has a minimum lease term that is less than 12 months? (select all that apply)

A) HUD Section 8

B) Rural Development

C) LIHTC

D) HOME

E) NHTF

2. Which programs have a federally-required model lease?

A) HUD Section 8

B) Rural Development

C) LIHTC

D) HOME

E) NHTF

3. True or False

HOME and the HTF require that all lease terminations be given with 30 days' notice.

4. True or False

Rural Development leases are developed by an owner and approved by RD, but they must be certified by the owner's attorney to be in compliance with RD rules and local and state law.

 5. True or False

The LIHTC program has a list of 9 lease provisions that are prohibited by law.

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