Certified Housing Manager Assistant Exam flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Annual income definition

The total anticipated income of all household members for the next 12 months, including wages, benefits, and asset income, with HUD-specified exclusions applied.

Adjusted income

Annual income minus HUD-allowed deductions such as dependent allowances, child care, disability assistance, and the elderly or disabled household deduction.

HUD-50059 form

The income and rent determination form used in HUD multifamily assisted housing, signed by tenant and owner and retained for the required period.

Interim recertification

A rent redetermination performed between annual recertifications when a household reports a change that would alter the rent or eligibility.

Imputed asset income

A HUD-published rate applied to net family assets above the threshold, used when it exceeds the actual income earned on those assets.

Tenant selection plan

The written document describing eligibility criteria, screening standards, and selection preferences; criteria must be applied consistently to all applicants.

Reasonable accommodation

A change in rules, policies, practices, or services needed so a person with a disability can use and enjoy the dwelling and common areas.

Minimum rent rule

A floor rent set by program rules, typically $25 to $50, subject to hardship exemptions when the household cannot pay.

Qualified allocation plan

The state's annual plan setting priorities, selection criteria, and scoring for allocating low-income housing tax credits to applicants.

Applicable fraction

The share of a building that is low-income, computed by unit count or floor area, used to determine eligible basis and annual credit.

Eligible basis

The depreciable cost of constructing or rehabilitating a building, excluding land and certain costs, on which the credit is calculated.

Twenty/fifty set-aside

A minimum set-aside election in which at least 20% of units are rented to households at or below 50% of area median income.

Forty/sixty set-aside

A minimum set-aside election in which at least 40% of units are rented to households at or below 60% of area median income.

Compliance period

The 15-year period beginning with the first credit year during which the building must remain in compliance to avoid recapture.

Credit recapture

The recovery of accelerated tax credits by the IRS when a building falls out of compliance during the compliance period.

Available unit rule

Requires that when a low-income unit becomes vacant and is rented to a higher-income household, the next comparable unit must go to a qualified household.

Nine percent credit

The credit rate generally applied to new construction and substantial rehabilitation that is not financed with tax-exempt bonds or other federal subsidy.

Four percent credit

The credit rate generally applied to acquisition costs and to projects financed with tax-exempt bonds or other federal subsidy.

Annual owner certification

A yearly filing to the state housing credit agency confirming the building remains in compliance with tax credit requirements.

Extended use period

The additional affordability period beyond the compliance period that the owner agrees to in the extended use agreement.

Fair housing protected classes

Federal classes: race, color, religion, sex, national origin, familial status, and disability; state and local laws may add more.

Warranty of habitability

The landlord's duty to keep the unit safe, sanitary, and in repair; breach can support rent withholding or repair remedies under state law.

Security deposit return

State law typically requires a written receipt, a statutory return period, and an itemized statement of deductions from the deposit.

Notice to vacate

A written notice ending a tenancy that must state the statutory period and be served in the manner required by state law.

Economic occupancy

Collected rent divided by potential rent; it measures revenue performance rather than physical unit occupancy.

Self-help eviction

Removing a tenant by lockout, utility shutoff, or property removal without a court order; unlawful in most jurisdictions.

Work order priority

A classification of maintenance requests as emergency, urgent, or routine, with response times set by policy and lease terms.

Reasonable modification

A physical change to a unit or common area, at the tenant's expense where required, so a person with a disability can use the space.

Four-fifths rule

An adverse impact indicator: a protected group's selection rate below 80% of the highest group's rate suggests discrimination and requires validation.

Job analysis

A systematic study of tasks, knowledge, and skills required for a job, used to establish that an employment test is job-related.

Training record retention

Documentation of learner identity, module version, completion date, and score, kept for the period set by policy and audit needs.

Content version control

Tracking module revisions with version numbers and effective dates so regulatory updates can be traced and learners reassigned as needed.