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HCCP Housing Credit Certified Professional VIP Practice Exam

HCCP — The HCCP (Housing Credit Certified Professional) designation is awarded by the National Council of State Housing Agencies (NCSHA); the credentialing exam covers Section 42 Low-Income Housing Tax Credit (LIHTC) compliance, income and rent restrictions, record-keeping, and IRS reporting requirements, and is typically 100 questions administered over 3 hours.

53
Questions
90m
Time Limit
70.00%
To Pass
Question 1 of 53👑 VIP

A tax credit property owner is reviewing the requirements under Internal Revenue Code Section 42. Under the minimum set-aside test, which of the following elections correctly satisfies the 20-50 requirement?

Questions 2–53 and full explanations are VIP-exclusive.