Champions Real Estate Finance Exam Review (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade
QUESTION
... [Show More] HUD
Answer:
established as a cabinent dept by Dept of Housing & Urban Development Act
QUESTION
HUD was created in ____________________.
Answer:
1965
QUESTION
FHA (Federal Housing Administration)
Answer:
provides mortgage insurance on loans made by approved lenders throughout U.S.
QUESTION
Community Development Block (CDBG)
Answer:
To help communities with economic development, job opportunities, & housing rehabilitation
QUESTION
Home Investment Partnerships Program
Answer:
block grants to develop & support affordable housing for low income residents.
QUESTION
Rental assistance
Answer:
Section 8 certificates or vouchers for low income households
QUESTION
Public or Subsidized Housing
Answer:
Low income individuals & families
QUESTION
Ginnie Mae (GNMA)
Answer:
Wholly owned government association that operates a mortgage backed securities program designed to facilitate the flow of capital into the housing industry.
QUESTION
Community Development Block Grant (CDBG) was created in _________________.
Answer:
1974.
QUESTION
HUD assist low income households with Section 8 certificates & vouchers through the _______________________________.
Answer:
Office Public & Indian Housing
QUESTION
PIH Public & Indian Housing
Answer:
provides funds for rental voucher, certificate & Moderate Rehabilitation programs
QUESTION
__________________ administers HUD's public housing programs.
Answer:
PIH
QUESTION
Federal Fair Housing
Answer:
prohibit discrimination based on race, color, national origin, sex, religion families with children & disabilities
QUESTION
HUD's programs to prevent housing discrimination through public education & enforcement are administered by _______________________________.
Answer:
Assistant Secretary for Fair Housing & Equal Opportunity (FHEO)
QUESTION
____________________ conducts compliance review of HUD.
Answer:
FHEO
QUESTION
______________________ funds public agencies that have substantially equivalent fair housing laws & also private non profit organizations.
Answer:
FHIP
QUESTION
Interstate Land Disclosure Act was passed in _____________________________.
Answer:
1968 [Show Less]