COS Eligibility Determination & Application Processing 3

Question 1

Which of the following assets is excluded from annual income calculations under HUD's definition of assets?

Accepted Answer

Necessary personal property such as furniture and automobiles

Answer

Necessary personal property including furniture, automobiles, and clothing are excluded from the HUD definition of assets used in income calculations.

Question 2

The 'passbook rate' in asset income calculations is applied when:

Accepted Answer

Total household assets exceed $5,000 and actual income is less than the passbook rate calculation

Answer

When household assets exceed $5,000, the greater of actual income or the passbook savings rate applied to total assets must be used in income calculation.

Question 3

A household on the waiting list must be notified of their position update at minimum how frequently under HUD guidelines?

Accepted Answer

Every 12 months

Answer

HUD requires that households on waiting lists be contacted at least annually to confirm continued interest and update eligibility information.

Question 4

Under the Fair Housing Act, which of the following is NOT a protected class at the federal level?

Accepted Answer

Sexual orientation

Answer

Sexual orientation is not a federally protected class under the Fair Housing Act, though many states and localities provide this protection; HUD interprets sex discrimination to include sexual orientation in some contexts.

Question 5

When processing a mixed-family household (some members with eligible immigration status, some without), the subsidy is calculated based on:

Accepted Answer

Only the eligible family members' pro-rated share

Answer

For mixed-family households, assistance is prorated based only on the eligible members' share of the household.

(COS) Certified Occupancy Specialist Practice Test

(COS) Certified Occupancy Specialist Practice Test

COS Eligibility Determination & Application Processing 3