Are You LIHTC Fluent?

Test your knowledge of common acronyms used in the low-income housing tax credit industry. On the lines below (or on a blank piece of paper), write down the terms associated with each of the following 50 acronyms. The answers appear on p. 8. This list was provided by Karen Graham of Karen A. Graham Consulting LLC.

1. ADA

2. AFR

3. AMGI

4. ARRA

5. BIN

6. CD

7. CDBG

8. CFR

9. CO

10. CPM

11. CV

12. EIV

13. EUA

14. FHA

15. FMR

16. FMV

17. HCCP

18. HERA

19. HOME

20. HQS

21. IRC

22. IREM

23. LURA

24. MOR

25. MOU

26. MR

27. MTSP

28. MV

29. NAA

30. NAHB

31. NAHMA

32. NAUR

33. NCSHA

34. NH&RA

35. NMHC

36. NMTC

37. NOI

38. PHA

39. PIS

40. PLR

41. QAP

42. QCT

43. REAC

44. RD

45. SHCM

46. SSD

47. SSI

48. TANF

49. TCAP

50. UPCS

QUIZ ANSWERS

1. Americans with Disabilities Act

2. Applicable Federal Rate

3. Area Median Gross Income

4. American Recovery and Reinvestment Act of 2009

5. Building Identification Number

6. Certificate of Deposit

7. Community Development Block Grants

8. Code of Federal Regulations

9. Certificate of Occupancy

10. Certified Property Manager

11. Cash Value

12. Enterprise Income Verification

13. Extended Use Agreement

14. Fair Housing Act

15. Fair Market Rent

16. Fair Market Value

17. Housing Credit Certified Professional

18. Housing and Economic Recovery Act of 2008

19. Home Investment Partnership Program

20. Housing Quality Standards

21. Internal Revenue Code

22. Institute of Real Estate Management

23. Land Use Restriction Agreement

24. Management and Occupancy Report

25. Memorandum of Understanding

26. Market Rate

27. Multifamily Tax Subsidized Project

28. Market Value

29. National Apartment Association

30. National Association of Home Builders

31. National Affordable Housing Management Association

32. Next Available Unit Rule

33. National Council of State Housing Agencies

34. National Housing & Rehabilitation Association

35. National Multi-Housing Council

36. New Markets Tax Credit

37. Net Operating Income

38. Public Housing Authority

39. Placed in Service

40. Private Letter Ruling

41. Qualified Allocation Plan

42. Qualified Census Tract

43. Real Estate Assessment Center

44. USDA Rural Development

45. Specialist in Housing Credit Management

46. Social Security Disability

47. Supplemental Security Income

48. Temporary Aid to Needy Families

49. Tax Credit Assistance Program

50. Uniform Physical Condition Standards