Quiz | Utility Allowances | Part 2
Oct 25, 2023
Note: Part 1 last month covered questions 1 - 5.
6. If a building has any Rural Development-assisted units, the RD UA must be used for all other LIHTC units, even ones with HUD-assisted or voucher-holding households.
True or False
7. If a building has any HUD-regulated units, and no units are RD-assisted, the HUD UA must be used for all other LIHTC units, except ones with voucher-holding households.
True or False
8. If PHA estimate UAs are used, these must be checked every _____ days to ensure compliance with the 90-day rule relating to PHA estimates.
9. The state agency must approve all UAs.
True or False
10. Utility allowances that are incorrectly calculated will trigger 8823s only if the miscalculation triggers noncompliance with LIHTC gross rents.
True or False
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