Quiz 04/02/2018: Income Limits - Part 2

April 2, 2018

With HUD's release of the 2018 limits, this is the final in a two-part series on income limits. 


1. A project placed in service in the year 2009 is eligible for the HERA Special tax credit limits, if these limits are listed as an option for the property's county.

      TRUE or FALSE


2. What type of financing at a tax credit property makes it ineligible for the Rural National Non-metropolitan limit? 

      A. HUD section 8

      B. Rural Development section 515

      C. HOME Funds

      D. Tax exempt bonds


3. Which government agency defines "rural" areas potentially eligible for the rural National Non-metropolitan limits?

       A. HUD

       B. IRS

       C. USDA

       D. DOJ 


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