LIHTC Ethical Standards & Professional Conduct 4

Question 1

A LIHTC property's resident services coordinator learns a tenant is experiencing domestic violence. Under ethical professional standards, what is the priority consideration?

Accepted Answer

Protect tenant confidentiality while connecting them to resources and honoring VAWA protections

Answer

The Violence Against Women Act (VAWA) protects LIHTC tenants experiencing domestic violence, and staff must prioritize confidentiality and survivor-centered support.

Question 2

In a LIHTC partnership, what constitutes a breach of the general partner's duty of care?

Accepted Answer

Failing to maintain required minimum set-aside compliance due to willful neglect

Answer

Willful neglect of compliance obligations, such as failing to maintain set-aside requirements, breaches the general partner's duty of care to the partnership.

Question 3

A LIHTC owner is pressured by a city official to lease a specific unit to the official's associate. What is the ethical response?

Accepted Answer

Refuse, document the request, and report it to the appropriate oversight authority

Answer

Selecting tenants based on political pressure rather than neutral criteria violates fair housing and program integrity rules and must be reported.

Question 4

Which behavior by a LIHTC property management employee constitutes a violation of professional conduct toward applicants?

Accepted Answer

Requiring applicants of one nationality to provide more documentation than others

Answer

Requiring additional documentation from applicants of a particular national origin is discriminatory and violates fair housing laws and professional conduct standards.

Question 5

Under California law and LIHTC ethical guidelines, a property manager who learns of a habitability defect has an obligation to:

Accepted Answer

Disclose the defect promptly, make repairs within a reasonable time, and document all actions

Answer

California law and professional ethics require prompt disclosure of habitability defects, timely repair, and complete documentation.

(LIHTC) California Low-Income Housing Tax Credit Exam Practice Test

(LIHTC) California Low-Income Housing Tax Credit Exam Practice Test

LIHTC Ethical Standards & Professional Conduct 4