Fair Housing
A Colorado apartment complex advertises '55+ Community' and restricts residents to those aged 55 and over. Under the Housing for Older Persons Act (HOPA), this is:
AA. Illegal discrimination based on familial status
BB. Legal if at least 80% of the units are occupied by at least one person 55 or older and the complex follows required procedures✓ Correct
CC. Legal only if all residents are 62 or older
DD. Illegal because age is not a protected class
Explanation
Under HOPA (an amendment to the FHA), a 55+ community qualifies for an exemption from familial status discrimination if: (1) at least 80% of units have one occupant 55+, (2) the facility publishes and follows policies demonstrating intent to be 55+ housing, and (3) it complies with HUD rules. A 62+ community qualifies with 100% elderly occupancy.
People Also Study
Related Colorado Questions
- Under HUD regulations, a 55+ housing community in Colorado must demonstrate that at least what percentage of its units are occupied by persons 55 or older?Fair Housing
- A Colorado senior housing community that properly qualifies under HOPA (Housing for Older Persons Act) is exempt from which FHA protected class?Fair Housing
- A Colorado apartment building built in 1995 with four or more units must comply with the Fair Housing Act's accessible design and construction requirements. These include all EXCEPT:Fair Housing
- A Colorado apartment complex has 12 units each renting for $1,500/month. Using a GRM of 120, what is the indicated market value?Property Valuation
- A Colorado apartment complex has 24 units, each renting for $1,375/month. The annual vacancy is 6% and expenses are $142,000. What is the annual NOI?Real Estate Math
- Under the Fair Housing Act, 'familial status' protects:Fair Housing
- A Colorado building has 12 apartment units, each renting for $1,100/month. Operating expenses are $52,000/year and the vacancy rate is 5%. What is the annual NOI?Real Estate Math
- A Colorado duplex has two units, each renting for $1,350/month. Annual operating expenses total $12,000. What is the annual NOI assuming 100% occupancy?Real Estate Math
Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Study This Topic
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →