Quiz 03/19/2018: Income Limits - Part 1

March 19, 2018

In anticipation of the release by HUD of income limits by April, the topic is income limits. 

 

1. Once a tax credit property is placed in service, it will not use lower income and gross rent limits, even if limits go down in the property's area.  

     True or False

 

2. MTSP income limits are used for which programs:

     A. HUD

     B. Tax credit and tax exempt bonds

     C. HOME funds

     D. All of the above 

 

3. Once HUD releases the HUD and MTSP income limits, these must be implemented for HOME units. 

      True or False

 

CLICK HERE for answers to this week's quiz

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