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TCS Tax Credit Specialist VIP Certification Exam

TCS — The Tax Credit Specialist (TCS) designation is issued by the National Center for Housing Management (NCHM) and tests proficiency in Section 42 of the Internal Revenue Code (Low-Income Housing Tax Credit program), covering tenant eligibility, income and rent limits, compliance monitoring, and set-aside requirements across a 50-question proctored exam.

31
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 31👑 VIP

A prospective tenant at your LIHTC property earns $38,400 annually. The current income limit for a one-person household in your area is $32,000 (60% AMI). The tenant insists she qualifies because she read that LIHTC allows households earning up to 80% AMI. How should you respond?

Questions 2–31 and full explanations are VIP-exclusive.