Fair Housing

What is an affirmative fair housing marketing plan (AFHM)?

AA plan to aggressively market properties to all buyers regardless of protected class

BA plan required by HUD for federally-assisted housing projects to attract buyers or tenants from groups underrepresented in the local housing market✓ Correct

CA Nevada HOA requirement for open houses

DA plan used by Nevada landlords to prove non-discriminatory practices

Explanation

HUD requires recipients of federal funds or FHA-insured financing for new construction or substantial rehabilitation to develop AFHM plans that market housing to all eligible persons, including groups that may have historically been underrepresented.

People Also Study

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.

Steering

An 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.

Comparable Sales (Comps)

Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.

Blockbusting

An illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.