Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
The Primary Supervisory Activities of HUD - Correct
Answers ✅HUD is the federal agency responsible for
national policy and programs that address America's housing
needs, improve and develop U.S. communities, and enforce
fair housing laws.
HUD's mission is to help create a decent home and suitable
living environment for all U.S. citizens.
HUD's primary activities include:
supervising the Federal Housing Administration (FHA),
directing Ginnie Mae,
enforcing the Fair Housing Act,
managing the Housing Choice Voucher Program (formerly
Section 8 Housing),
managing the Indian Housing Act, and
supervising public housing projects.
Activities of HUD - Correct Answers ✅o provide information
on home ownership to the public. The HUD website
(www.hud.gov) is a tremendous resource for the public and
for real estate practitioners.
,Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
stated mission to "create strong, sustainable, inclusive
communities and quality affordable homes for all,"
Strategic Framework for 2014- 2018 emphasizes the following
strategic goals:
Strengthen the nation's housing market to bolster the
economy and protect consumers
Meet the need for quality affordable rental homes
Use housing as a platform for improving quality of life
Build inclusive and sustainable communities free from
discrimination
Fair Housing - Correct Answers ✅The HUD Office of Fair
Housing and Equal Opportunity (FHEO) enforces the Fair
Housing Act (Title VIII of the Civil Rights Act of 1968
prohibiting discrimination in the sale, rental, and financing of
dwellings based on race, color, national origin, religion, sex,
familial status, and disability) and other civil rights laws,
including:
Title VI of the Civil Rights Act of 1964,
Section 109 of the Housing and Community Development Act
of 1974,
Section 504 of the Rehabilitation Act of 1973,
,Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
Title II of the Americans with Disabilities Act of 1990,
the Age Discrimination Act of 1975,
Title IX of the Education Amendments Act of 1972, and
the Architectural Barriers Act of 1968.
Community Development Block Grants (CDBG) - Correct
Answers ✅helped communities with economic
development, job opportunities, and housing rehabilitation.
CDBG funds have been used to construct and improve public
facilities such as water, sewer, streets, and neighborhood
centers; to purchase real property; and to assist private
businesses.
funds are split between states and entitlement communities,
Annual grants are provided to 1,209 general units of state
and local government.
The amount of each grant is determined based on a formula
made up of different measures of community needs, such as
poverty level, population data, age, and density of housing.
Seventy percent of CDBG funds must benefit low-income and
moderate-income families.
, Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
entitlement communities - Correct Answers ✅metropolitan
cities with populations of at least 50,000 and urban counties
with populations of at least 200,000.
States distribute to none-ntitlement communities.
Neighborhood Stabilization Program (NSP) - Correct
Answers ✅help stabilize communities that have suffered
from foreclosed and abandoned homes.
NSP2 funds were authorized under the American Recovery
and Reinvestment Act (ARRA) to include nonprofit entities on
a competitive basis for grants and to provide $50 million in
funds to national and local technical assistance providers.
NSP3 funds were authorized under the Dodd-Frank Act of
2010 to provide a third round of grants to states and local
governments on a formula basis.
To receive NSP3 funding, each grantee must submit an action
plan, substantial amendment, or abbreviated plan to HUD.
Unlike NSP2, grantees are not constrained to census tract
boundaries and can define their target areas more precisely
to their intended target area.
Exam Questions and Answers (Complete
Practice Papers)
The Primary Supervisory Activities of HUD - Correct
Answers ✅HUD is the federal agency responsible for
national policy and programs that address America's housing
needs, improve and develop U.S. communities, and enforce
fair housing laws.
HUD's mission is to help create a decent home and suitable
living environment for all U.S. citizens.
HUD's primary activities include:
supervising the Federal Housing Administration (FHA),
directing Ginnie Mae,
enforcing the Fair Housing Act,
managing the Housing Choice Voucher Program (formerly
Section 8 Housing),
managing the Indian Housing Act, and
supervising public housing projects.
Activities of HUD - Correct Answers ✅o provide information
on home ownership to the public. The HUD website
(www.hud.gov) is a tremendous resource for the public and
for real estate practitioners.
,Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
stated mission to "create strong, sustainable, inclusive
communities and quality affordable homes for all,"
Strategic Framework for 2014- 2018 emphasizes the following
strategic goals:
Strengthen the nation's housing market to bolster the
economy and protect consumers
Meet the need for quality affordable rental homes
Use housing as a platform for improving quality of life
Build inclusive and sustainable communities free from
discrimination
Fair Housing - Correct Answers ✅The HUD Office of Fair
Housing and Equal Opportunity (FHEO) enforces the Fair
Housing Act (Title VIII of the Civil Rights Act of 1968
prohibiting discrimination in the sale, rental, and financing of
dwellings based on race, color, national origin, religion, sex,
familial status, and disability) and other civil rights laws,
including:
Title VI of the Civil Rights Act of 1964,
Section 109 of the Housing and Community Development Act
of 1974,
Section 504 of the Rehabilitation Act of 1973,
,Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
Title II of the Americans with Disabilities Act of 1990,
the Age Discrimination Act of 1975,
Title IX of the Education Amendments Act of 1972, and
the Architectural Barriers Act of 1968.
Community Development Block Grants (CDBG) - Correct
Answers ✅helped communities with economic
development, job opportunities, and housing rehabilitation.
CDBG funds have been used to construct and improve public
facilities such as water, sewer, streets, and neighborhood
centers; to purchase real property; and to assist private
businesses.
funds are split between states and entitlement communities,
Annual grants are provided to 1,209 general units of state
and local government.
The amount of each grant is determined based on a formula
made up of different measures of community needs, such as
poverty level, population data, age, and density of housing.
Seventy percent of CDBG funds must benefit low-income and
moderate-income families.
, Real Estate Finance 15e Ch 3 Solved
Exam Questions and Answers (Complete
Practice Papers)
entitlement communities - Correct Answers ✅metropolitan
cities with populations of at least 50,000 and urban counties
with populations of at least 200,000.
States distribute to none-ntitlement communities.
Neighborhood Stabilization Program (NSP) - Correct
Answers ✅help stabilize communities that have suffered
from foreclosed and abandoned homes.
NSP2 funds were authorized under the American Recovery
and Reinvestment Act (ARRA) to include nonprofit entities on
a competitive basis for grants and to provide $50 million in
funds to national and local technical assistance providers.
NSP3 funds were authorized under the Dodd-Frank Act of
2010 to provide a third round of grants to states and local
governments on a formula basis.
To receive NSP3 funding, each grantee must submit an action
plan, substantial amendment, or abbreviated plan to HUD.
Unlike NSP2, grantees are not constrained to census tract
boundaries and can define their target areas more precisely
to their intended target area.
