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

HUD Housing Quality Standards (HQS)

Answer

IRS Minimum Property Standards

Answer

OSHA Residential Safety Guidelines

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

Only occupied LIHTC units

Answer

Only common areas and building systems

Answer

Only vacant units to avoid disturbing tenants

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

Every year

Answer

Every five years

Answer

Only at placed-in-service and end of 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

24 hours

Answer

90 days

Answer

6 months

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

Within 30 days

Answer

At the next scheduled maintenance cycle

Answer

Before the next annual inspection

Question 6

What must owners do if they cannot correct a physical deficiency within the required timeframe?

Accepted Answer

Notify the state agency and provide a corrective action plan with a revised timeline

Answer

Request a waiver from the IRS

Answer

Vacate the affected unit until repairs are complete

Answer

Terminate the tenant's lease