HUD EXAM PREP QUESTIONS WITH 100 % CORRECT ANSWERS

2nd mort/piggy back loan - Answer-lower 1st mort, avoid private morg ins, repairs, education 1896 Plessy v. Ferguson - Answer-ruled that segregation was allowed, as long as the facilities were "separate but equal" 1933 Home Owners Loan Corporation (HOLC) - Answer-Conress to avoid foreclosures during great depression/refinance mort in default 1948 Shelly v Kraemer - Answer-deed restrictions deemed illegal 1954 Brown v. Board of Education - Answer-This famous Supreme Court case over turned Plessy v. Ferguson. The Brown decision stated that separated but equalities were inherently unequal. 1962 Executive Order 11063 - Answer-JFK prohibit discrimination in sale/lease/rent backed by federal funds 1964 Civil Rights Act - Answer-This act prohibited Discrimination because of race, color, sex, religion, or national origin by employers or labor unions 1968 Civil Rights Act - Answer-This was passed in response to MLK Jr's assassination. Called the Fair Housing Act. Prohibits discrimination in housing sales, rentals, advertising, and financing based on race, color, national origin, and religion. It also obligated federal agencies to affirmatively further fair housing. 1968 HUD - Answer-Established Ginnie Mae, to expand the availability of government-secured home loans to moderate-income families 1974 & 1988 - Answer-1974/sex & 1988/disability & familia 2010 LGBT - Answer-HUD issued a new policy that provides lesbian, gay, bisexual, and transgender individuals and families with further assistance when facing housing discrimination. The new guidance treats "gender identity discrimination" as gender discrimination.AFFH Research Rules - Answer-Subsidized and Unsubsidized Housing Programs: according to AFFH requirements, the obligations for these programs include: Achieving a condition in which individuals of similar income levels in the same housing market area have a like range of housing choices available to them regardless of their race, color, religion, sex, disability, familial status, or national origin Pursue affirmative fair housing marketing policies in soliciting buyers and tenants, in determining their eligibility, and in concluding sales and rental transacations. PHAs and Consolidated Plan Programs: programs such as Community Development Block Grants, HOME Investment Partnerships, or Emergency Solutions Grants receive formula grants and must submit a Consolidated Plan. These programs have the following AFFH requirements: Conduct an Assessment of Fair Housing or AFH, to analyze challenges to fair housing choice and establish goals. Housing counseling agencies starting a new 3-5 year Consolidated plan cycle that begins before their due date for an AFH should continue to update their Analysis of Impediments. Take appropriate actions to overcome the effects of any impediments identified through the analysis. Maintain records reflecting these analyses and actions. Incorporate community participation in all stafes of the process from identifying barriers to proposing solutions. AFFH Rules: the new AFFH rule, published in July 2015, sets the framework for taking meaningful action to promote fair housing. The rule is: "taking meaningful action, in addition to combating discrimination, that overcome segregation and foster inclusive communities free from barriers that restrict access based on protected characteristics." Formula Grants Formula grant programs are noncompetitive awards that participating organizations that meet certain minimum requireme AFFH Rules - Answer-Recipients of HUD program funds must affirmatively further fair housing in their program designs, operations, actions, and all housing or housing-related activites in their jurisdiction whether or not the housing is publicly or privately funded. There are AFFH requirements for subsidized and unsubsidized housing, for mortgage insurance programs, and for housing counseling agencies. Fund recipients have different responsibilities according to their funding plan: Consolidated Plan In the past, programs receiving funds through Super Notice of Funding Availability have been held responsible, along with Public Housing Agency Plans. However, the focus in this module is Consolidated Plans which is: a plan designed to help states and local jurisdictions to assess their affordable housing and community development needs and market conditions, and to make data-driven, location-cased investment decisions. Subsidized Housing Privately owned housing whose owners agree to lease their properties to low-or moderate-income families in exchange for a subsidy from the government. Subsidies come in various forms, including individual vouchers or subsidies for all units. Unsubsidized Housing Privately owned housing rented at an affordable price. Affirmatively Furthering Fair Housing - Answer-Identifying lender policies that have fair housing implications for clients Conducting educational initiatives to inform people about fair housing obligations Reviewing housing construction or rehabilitation plans