UPC Housing Policy & Affordable Housing 2

Question 1

'Workforce housing' typically refers to housing affordable to households earning:

Accepted Answer

Between 80% and 120% of Area Median Income (AMI)

Answer

Below 30% of Area Median Income (AMI)

Answer

Between 30% and 50% of Area Median Income (AMI)

Answer

Above 150% of Area Median Income (AMI)

Question 2

Which of the following is an example of a 'supply-side' housing subsidy?

Accepted Answer

Low-Income Housing Tax Credits (LIHTC)

Answer

Section 8 Housing Choice Vouchers

Answer

Earned Income Tax Credit (EITC)

Answer

Housing Assistance Payment contracts for existing units

Question 3

A 'density bonus' in housing policy refers to:

Accepted Answer

Allowing developers to build more units than normally permitted in exchange for including affordable housing

Answer

A financial penalty imposed on developments built below the minimum density allowed by zoning

Answer

An incentive that encourages homeowners to subdivide single-family lots

Answer

Additional floor area ratio granted automatically for achieving green building certification

Question 4

'Naturally occurring affordable housing' (NOAH) is best described as:

Accepted Answer

Older, unsubsidized rental housing that is affordable due to its age and condition rather than regulatory restriction

Answer

Housing specifically constructed with government subsidies for low-income residents

Answer

Rural housing built without formal permitting processes

Answer

Units set aside under local inclusionary zoning ordinances

Question 5

Under the Fair Housing Act of 1968, which of the following is one of the seven federally protected classes?

Accepted Answer

Familial status

Answer

Students

Answer

Smokers

Answer

Veterans

Question 6

The Community Reinvestment Act (CRA) of 1977 primarily:

Accepted Answer

Requires federally insured banks to meet the credit needs of low- and moderate-income communities where they operate

Answer

Funds the construction of public housing in urban areas

Answer

Establishes rent control regulations for federally financed housing

Answer

Provides mortgage insurance programs for low-income first-time homebuyers

Question 7

In affordable housing planning, 'AMI' stands for:

Accepted Answer

Area Median Income

Answer

Annual Mortgage Index

Answer

Adjusted Market Income

Answer

Affordable Market Index