Compliance Quizzle Answers. Jeffrey Promnitz - Zeffert & Associates, Inc.

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July 29, 2021 Quizzle

Question One
The Centers for Disease Control and Prevention (CDC) recently announced (again) it would extend the agency’s federal eviction moratorium. What is the new expiration date?

A. December 31, 2021
B. September 30, 2021
C. July 31, 2021
D. January 1, 2022

Answer: C. July 31, 2021. The eviction moratorium that was scheduled to expire on June 30, 2021 is now extended through July 31, 2021. This is intended to be the final extension of the moratorium.

Question Two
A LIHTC building was acquired on 10/16/2020 and the rehab was placed in service 3/15/2021. What date can both credits begin?

A. 1/1/2021
B. 3/1/2021
C. 3/15/2021
D. 4/1/2021

Answer: A. 1/1/2021
Both credits may begin on 1/1/2021 because the acquisition date is different than the rehab date. It will always be deferred to the year of the rehab and start claiming credits in the beginning of the tax year.

Question Three
What are the three parts to a HUD Management and Occupancy Review or “MOR” inspection?

A. Maintenance, pets, staff
B. Desk review, on-site review, after on-site review
C. Owner/agent signatures, tenant eligibility, lead based paint disclosure review
D. Maintenance, tenant eligibility, desk review

Answer: B. Desk review, on-site review, after on-site review.  See HUD Form 9834.

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