Chapter 3

Question 1

Federal Farm Loan Act of 1916

Answer 1

It enabled farmers to borrow up to 50% of the value of their land and 20% of the value of their improvements.

Question 2

Farm Credit System (FCS)

Answer 2

assists rural homeowners and owners of some types of farm-related businesses/ serve the unique financial needs of farmers, ranchers, producers, and harvesters of agricultural products.

Question 3

Farm Credit Administration (FCA)

Answer 3

an independent federal agency responsible for regulating and examining the banks, associations, and related entities of the Farm Credit System (FCS).

Question 4

U.S. Department of Agriculture Rural Development Program (USDA Rural Development)

Answer 4

USDA Rural Development programs support such essential public facilities and services as water and sewer systems, housing, health clinics, emergency service facilities, and electric and telephone services.

Question 5

TSAHC

Answer 5

Texas State Affordable Housing Corporation ,affordable housing programs that range from first-time homebuyer programs for individuals and families to assisting in the development of affordable multifamily housing.

Question 6

Department of Housing and Urban Development (HUD)

Answer 6

HUD programs include urban renewal, public housing, model cities, rehabilitation loans, FHA-subsidy programs, and water and sewer grants.

Question 7

The Interstate Land Sales Full Disclosure Act

Answer 7

The Act requires the submission of a statement of record describing a proposed subdivision in detail, accompanied by maps, contract documents, and certifications designed to fully disclose relevant information about the subdivision.

Question 8

Fair Housing Act (of 1968).

Answer 8

Title VIII of the Civil Rights Act /

Question 9

The Texas Fair Housing Act (TFHA)

Answer 9

prohibits discrimination in housing because of race, religion, color, sex, national origin, disability, and familial status.

Question 10

CDBG =>Community Development Block Grant

Answer 10

1974/ one of the largest in HUD, a flexible program that provides communities with resources to address a wide range of unique community development needs

Question 11

Good Neighbor Next Door Program

Answer 11

a discount of 50% from the list price of a home to law enforcement officers, pre-kindergarten through 12th-grade teachers, and firefighters or emergency medical technicians. In return, the buyer must commit to live in the property for 36 months as their sole residence.

Question 12

Hurricane Discount Home Sales

Answer 12

HUD homes for sale at a discount to evacuees displaced by hurricanes.
a 10% discount from the appraised value of the home. In addition, HUD will pay up to 5% of the purchaser’s reasonable and customary closing costs.

Question 13

Indian Housing Loan Guarantee Program

Answer 13

Section 184 , offer homeownership, property rehabilitation, and new construction opportunities for eligible tribes, Indian Housing Authorities, and Native American individuals and families wanting to own a home on trust land or land located in an approved Indian or Alaska Native area.

Question 14

Texas Industry Development (TID) Loan Program

Answer 14

supports eligible tax-exempt public purpose projects that stimulate economic development within the community.

Question 15

The State of Texas Industrial Revenue Bond (IRB)

Answer 15

provide tax-exempt or taxable financing for eligible industrial or manufacturing projects.

Question 16

Texas Military Value Revolving Loan Fund

Answer 16

1. enhancing the military value of a military facility in their area.
   2.to defense communities for job-creating economic development projects.
   3.to defense communities for an infrastructure project to accommodate new or expanded military missions resulting from a base realignment and closure.