LIHTC Study Guide 2026
Everything you need to pass the LIHTC exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 LIHTC Exam Format at a Glance
📚 LIHTC Topics to Study (31)
✍️ Sample LIHTC Questions & Answers
1. Which set-aside election requires that at least 20% of LIHTC units be occupied by tenants at or below 50% of AMI?
The 20-50 test requires that a minimum of 20% of the units be occupied by tenants earning at or below 50% of AMI.
2. What is the federal 'basis boost' percentage available to LIHTC projects located in a Qualified Census Tract (QCT)?
Projects in a QCT or DDA may use up to 130% of eligible basis to compute the credit, increasing the maximum available credit amount.
3. Under TCAC ethical requirements, which practice is prohibited when scoring competitive 9% LIHTC applications?
Awarding scoring preferences based on developer contributions to agency funds would constitute an unethical pay-to-play arrangement.
4. What is the compliance period for LIHTC projects?
LIHTC projects are legally obligated to maintain affordability and adhere to all program requirements for a minimum compliance period of 15 years. While many projects commit to longer affordability periods (often 30-55 years) through other agreements, the federal compliance period for tax credit recapture purposes is 15 years. Failure to comply during this time can result in penalties.
5. Which IRS form must a state allocating agency file to report a LIHTC noncompliance event?
Form 8823 (Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition) is filed by the state agency to notify the IRS of any compliance violations.
6. What distinguishes a California Low-Income Housing Tax Credit Exam certified professional from a non-certified practitioner?
Certification provides objective validation of competency through standardized assessment.