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The set covers tenant and qualification leasing calculations, treatment of irrevocable trusts in annual income, and eligibility evaluation for tax credit properties. It also tests LIHTC accounting during casualties, compliance period end dates, credit-start timing after move-in, and conditions affecting eligible basis. Additional items address available unit rules, minimum set-aside election authority, and required retention and inspection timelines for resident files.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/sample-hccp-exam-questions-review-questions/459785/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/sample-hccp-exam-questions-review-questions/459785.png","ImageObject",300,407,{"name":92,"@type":93},"Well Done","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-04","2026-09-30",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"How is household income determined for tax credit purposes in Section I Q1?","Question",{"text":112,"@type":113},"The question asks for the total household income by combining the husband’s hourly wages over the stated weekly hours with the wife’s part-time student earnings, plus the wife’s annual bonus.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How should an irrevocable trust be treated when determining annual income (Section I Q2)?",{"text":117,"@type":113},"The item tests whether the trust principal should count as an asset and whether any trust investment income should count for the applicant when the applicant has no access to the trust or income.",{"name":119,"@type":110,"acceptedAnswer":120},"When can the owner begin to claim credit after a qualified household moves into a unit (Section II Q3)?",{"text":121,"@type":113},"The question specifies the building placed-in-service date and the household move-in date, then asks for the earliest date the owner may start claiming the credit on the unit.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},459785,1790756895,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":14,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":129,"read_time":24,"preview_page_count":4},5909892210082,"https://ap-avatar.wpscdn.com/avatar/56001069da27c9f41e8?x-image-process=image/resize,m_fixed,w_180,h_180&k=1789614185077863061","Sample HCCP Exam Questions  \nFor complete information about the Exam, [visit](visit nahb.org/hccpinfo)[ nahb.org/hccpinfo](visit nahb.org/hccpinfo).  \nSection I. Tenant/Qualification Leasing  \n1. A couple is applying for an apartment at a Section 42 property. The husband earns $10.00 per hour and works between 35 and 39 hours per week. He receives no other income. The wife is a full-time student who works 20 hours per week. She earns $6.00 per hour and receives an annual bonus of $200. What is the total household income for tax credit purposes?  \na. $20,760 . b. $24,640 . c. $26,520 . d. $26,720 .  \n2. Three months ago an applicant voluntarily set up an irrevocable trust for the benefit of a 3rd party. The applicant has no access to the trust or to any income earned from the investment of the trust. How should the trust be treated when determining annual income?  \na. The trust should be treated as an asset only if the invested amount of the trust earns interest.  \nb. The amount contributed to the trust should be counted as an asset disposed of for less than fair market value and added to other household assets.  \nc. The trust should not be counted as an asset, but any income earned by the trust should be counted as income for the applicant.  \nd. Since the trust is irrevocable, neither value nor income of the trust should be counted for the household.  \n3. A household that has obtained a Section 8 voucher applies for a unit in a tax credit property. Which of the following should NOT be considered when evaluating the household’s eligibility?  \na. The household’s family size. b. Full-time student status of the household.  \nc. Housing authority utility allowance. d. Total household gross income.  \n4. A housing credit agency can delegate all of the following responsibilities to a private contractor EXCEPT:  \na. The review of 1st year tenant files. b. Reporting of non-compliance to the owner.  \nc. A review of the annual owner’s certification. d. Notification of non-compliance to the IRS.  \nSection II. Tax Credit Accounting/Compliance  \n1. In the 3rd year of the compliance period, a kitchen fire makes a unit in a tax credit property uninhabitable. The fire occurred on Feb. 1 and the unit is restored and put back in service on Sept. 16 of the same year. The LIHTCs allowed to the owner for this unit in the year of the casualty are:  \na. 5/12 of a full year of LIHTCs. b. 4/12’s of a year of LIHTCs.  \nc. A full year of LIHTCs. d. No LIHTCs are allowed for the unit.  \n2. A property was placed in service on July 1, 1990 and claimed credits in 1990. On what date will the 15-year compliance period end?  \na. June 30, 2004. b. Dec. 31, 2004. c. June 30, 2005. d. Dec. 31, 2005.  \n3. A building was placed in service on June 8, during the first year of the tax credit period. A qualified household moved into a unit on June  \n12. As of what date may the owner begin to claim credit on the unit?  \na. June 1. b. June 8. c. June 12. d. July 1.  \n4. A rehabilitation property that received a 2004 tax credit allocation is acquired in November 2004. All occupants are qualified at the date of acquisition. Rehabilitation begins immediately, and the property is completed and placed in service on August 5, 2005. What is the earliest date the tax credit period can begin?  \na. December 2004. b. January 2005. c. August 2005. d. September 2005.  \nSample questions continured on back.  \n[nahb.org/HCCPinfo](nahb.org/HCCPinfo)  \n[Join the conversation.](Join the conversation.)  \nSample questions continued.  \n5. The available unit rule is triggered at a mixed-income property when a:  \na. Market-rate household moves out. b. Tax credit household moves out.  \nc. Tax credit household transfers within the same building. d. Household is above 140% of area median income at recertification.  \n6. According to Section 42, who can authorize changing the minimum set-aside election?  \na. The state allocating agency. b. The owner. c. No one. d. HUD.  \n7. In year 4 of the credit peri","cbCaiszVu391ib3k","https://ap.wps.com/l/cbCaiszVu391ib3k","pdf",169720,"English","# Section I. Tenant/Qualification Leasing\n## Q1-4\n# Section II. Tax Credit Accounting/Compliance\n## Q1-11","[{\"question\":\"How is household income determined for tax credit purposes in Section I Q1?\",\"answer\":\"The question asks for the total household income by combining the husband’s hourly wages over the stated weekly hours with the wife’s part-time student earnings, plus the wife’s annual bonus.\"},{\"question\":\"How should an irrevocable trust be treated when determining annual income (Section I Q2)?\",\"answer\":\"The item tests whether the trust principal should count as an asset and whether any trust investment income should count for the applicant when the applicant has no access to the trust or income.\"},{\"question\":\"When can the owner begin to claim credit after a qualified household moves into a unit (Section II Q3)?\",\"answer\":\"The question specifies the building placed-in-service date and the household move-in date, then asks for the earliest date the owner may start claiming the credit on the unit.\"}]","Sample HCCP Exam Questions - Review Questions | PDF"]