TCS Fair Housing and Lease Requirements 2

Question 1

What must a LIHTC lease include regarding the income and rent limitations of the property?

Accepted Answer

A disclosure that the unit is subject to LIHTC restrictions

Answer

LIHTC leases must include a disclosure informing tenants that the unit is part of a tax credit program with income and rent restrictions.

Question 2

A tenant with a mobility disability requests a ground-floor unit that is currently occupied. The owner must:

Accepted Answer

Place the requesting tenant on a waiting list and offer the next available accessible unit

Answer

The owner must offer the next available accessible unit to the tenant with a disability and maintain them on a waiting list in the interim.

Question 3

A property applies a policy requiring all applicants to have a credit score above 650. This could constitute discrimination if:

Accepted Answer

It has a disparate impact on a protected class without business justification

Answer

Neutral policies that disproportionately affect protected classes may violate the Fair Housing Act under the disparate impact theory unless there is a legitimate business justification.

Question 4

Under the Violence Against Women Act (VAWA), LIHTC properties must:

Accepted Answer

Provide emergency transfers and protections for survivors of domestic violence

Answer

VAWA requires housing providers to offer emergency transfers and prohibits denying housing or evicting tenants solely because they are victims of domestic violence.

Question 5

A LIHTC lease addendum is required to address which compliance-specific item?

Accepted Answer

The tenant's obligation to provide annual income documentation for recertification

Answer

LIHTC leases typically include an addendum requiring tenants to provide income documentation annually for recertification purposes.

TCS - Tax Credit Specialist Practice Test

TCS - Tax Credit Specialist Practice Test

TCS Fair Housing and Lease Requirements 2