Fair Housing
The Chicago Fair Housing Ordinance (CFHO) provides additional fair housing protections beyond state and federal law. Which of the following is a protection provided by the CFHO?
AProhibition of all income-based screening criteria for renters
BProhibition of discrimination based on source of income, among other protected categories✓ Correct
CRequiring all Chicago landlords to accept any qualified applicant
DMandating affordable rents for units in historically redlined neighborhoods
Explanation
The Chicago Fair Housing Ordinance prohibits discrimination in housing based on source of income (including housing choice vouchers/Section 8), in addition to all federal and state protected classes. This provides stronger tenant protections in Chicago than under Illinois state law or federal law.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Fair Housing ActFederal 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.
Math Concepts
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