Hccp Exam Questions And Answers.

Income Averaging- Project Consists of 2 buildings, Both Buildings haves 5 units each. 3 units at 80%, 4 units at 60%, 2 units at 40% and 1 unit at 20%. At minimum how many units must be affordable {Ans: 4 units}Private Letter Ruling {Ans: Ruling made directly with the owner but cannot be changed}Income Averaging- Project Consists of 2 buildings, Both Buildings haves 5 units each. 3 units at 80%, 4 units at 60%, 2 units at 40% and 1 unit at 20%. Has this project met MSA elected by the owner? {Ans: Yes - 40% must be at or below 60% set aside}How long do you have to implement Utility Allowances {Ans: UA must be implemented within 90 days of the announced PHA Change}Example of Non-Optional charge {Ans: 1. Renters Insurance 2. Cable}What year does HERA start {Ans: 2008}