Fair Housing
In Michigan, an apartment complex with 80 units all occupied by persons age 55 or older qualifies for the senior housing exemption from familial status requirements only if it also:
AWas built before 1985
BHas published and follows policies demonstrating intent to be housing for older persons✓ Correct
CCharges rent above the median for the area
DHas a homeowners association
Explanation
To qualify for the 55+ housing exemption under HOPA, the community must meet the 80% occupancy requirement AND have published and follow policies that demonstrate the housing is intended and operated as housing for older persons.
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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.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
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