TCS Inspection and Physical Compliance

Question 1

What is the primary federal standard used to assess the physical condition of LIHTC units during inspections?

Accepted Answer

Uniform Physical Condition Standards (UPCS)

Answer

The Uniform Physical Condition Standards (UPCS) are the primary federal inspection standard used to assess the physical condition of LIHTC and other federally assisted housing.

Question 2

During an LIHTC compliance inspection, inspectors typically examine which areas?

Accepted Answer

The site, building exteriors, building systems, common areas, and unit interiors

Answer

UPCS inspections cover all major areas including the site, building exteriors, systems, common areas, and a sample of unit interiors.

Question 3

How frequently must state housing finance agencies inspect LIHTC properties during the compliance period?

Accepted Answer

At least once every three years

Answer

State HFAs must conduct physical inspections and tenant file reviews at least once every three years during the compliance period.

Question 4

A LIHTC unit fails a physical inspection due to a non-emergency deficiency. The owner typically has how long to correct it?

Accepted Answer

30 days

Answer

Owners are generally given 30 days to correct non-emergency physical deficiencies identified during LIHTC compliance inspections.

Question 5

An emergency health and safety deficiency found during inspection, such as a missing smoke detector, must be corrected:

Accepted Answer

Within 24 hours

Answer

Emergency health and safety deficiencies that pose immediate danger must be corrected within 24 hours of identification.

TCS - Tax Credit Specialist Practice Test

TCS - Tax Credit Specialist Practice Test

TCS Inspection and Physical Compliance