Credit Allocation and the Applicable Fraction
It's a good idea to quiz your staff members regularly to assess their familiarity with the low-income housing tax credit (LIHTC) program. Testing staff members this way can confirm that you're working with a team equipped to tackle important compliance issues and keep the owner's tax credits safe. Or it can reveal gaps in staff members’ compliance knowledge, so you'll know where they need training to get up to speed.
Click here to access a quiz that will allow you to assess your staff members’ familiarity with the applicable fraction requirement. After grading the quiz, use the results to help you determine which staff members need more training. Also, take into consideration how long it took individual staff members to complete the quiz.