Fair Housing
A North Dakota senior housing development qualifies for the 'housing for older persons' exemption from the Fair Housing Act's familial status protections if:
AAll occupants are over 40 years old
BAt least 80% of the units are occupied by at least one person aged 55 or older, and the facility publishes qualifying policies✓ Correct
CThe facility is federally funded
DThe facility was built before 1988
Explanation
Housing qualifies for the Housing for Older Persons Act (HOPA) exemption if at least 80% of occupied units have at least one resident aged 55 or older, and the housing operator publishes and follows policies demonstrating intent to house persons 55+.
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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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