Housing & Interior Design

Question 1

Interior Design -

Answer 1

The art and science of creating an interior environment for the people who live or work in the space.

Question 2

Do interior designers considering colors and flooring options?

Answer 2

No, they consider the designation of space, lighting and sound, seating arrangements, and health and safety concerns.

Question 3

The guest circulation pattern involves movement from the entry to the…

Answer 3

coat closet, powder room, and living and family rooms.

Question 4

What kind of architecture began with a number of building styles with similar characteristics, primarily the simplification of form and the elimination of ornament that first arose around 1900. By the 1940s these styles had largely consolidated and been identified as the international style.

Answer 4

Early Modern Architecture

Question 5

What type of plan shows the location of a house on a site as well as other features such as garages, walks, walls, and garden areas?

Answer 5

The foundation plan.

Question 6

By using the same color or shape at different intervals in a room, _______ is created.

Answer 6

Rhythm

Question 7

What style of homes are popular in Southern Louisiana?

Answer 7

Country French

Question 8

What cozy, Medieval style of home become popular in America in the 1920s?

Answer 8

Cottage-style homes

Question 9

Although federal rental vouchers do not proscribe which communities are acceptable, voucher holders are underrepresented in more affluent suburban neighborhoods. What is one reason for this?

Answer 9

The voucher holders are reluctant to move away from family and friends.

Question 10

HUD

Answer 10

US department of Housing and Urban Development

Question 11

PHAs

Answer 11

Public Housing Agencies

Question 12

Housing choice vouchers are administered locally by PHAs. Which department federal department funds them?

Answer 12

HUD

Question 13

SRO unit

Answer 13

A single room occupancy unit provides living and sleeping space for the exclusive use of the occupant but requires the occupant to share sanitation and/or food prep facilities with others.

Question 14

Shared Housing

Answer 14

A single housing unit occupied by an assisted family and another resident or residents.

Question 15

A Cooperative Housing situation

Answer 15

A form of ownership (nonprofit or associated) in which the residents purchase membership entity.

Pay a “carrying charge” rather then rent.

Question 16

The income integration housing policy has two approaches. What are they?

Answer 16

Dispersal and

mixed-income

Question 17

Dispersal

Answer 17

Helps low-income households move into middle income neighborhoods.

Question 18

Mixed-income housing policy

Answer 18

Mixed households with varying incomes within the same building or community development.

Question 19

Exotic mortgages include all of the following except:

Adjustable rate
Interest only
HUD
Balloon

Answer 19

HUD

Question 20

Balloon mortgage

Answer 20

The borrowers pay only the interest and the entire mortgage rate is due at the end of the term.

Question 21

Payment option mortgage

Answer 21

Borrowers can pay less than their normal monthly payment with difference added into the loan principal.

Question 22

Interest-only mortgage

Answer 22

The borrowers are excused from paying the principle for a specific number of years.

Question 23

Teaser mortgage

Answer 23

Interest rate is below market rate or set artificially low at first.

Question 24

How many years do home-equity loans typically last?

Answer 24

15-20 years

Question 25

In the mid-2000s, the mortgage market had become increasingly dominated by…

Answer 25

Negligent writing.

Thousands for borrowers who could clearly not afford them.

Question 26

An attached house is more or less expensive to maintain than a comparable detached house?

Answer 26

Less expensive, due to the shared wall.

Question 27

Mortgage Lenders

Answer 27

Provide funds for the purchase of a home

Question 28

Escrow Officers

Answer 28

Coordinate the transfer of property

Question 29

Mortgage Brokers

Answer 29

Coordinate sales and marketing for loan sources, but do not provide funds.

Question 30

An interior designer will analyze which of the following;

Physical change in the home over time
Construction tactics
Programmatic information
How to manipulate the entire property

Answer 30

Programmatic information

Question 31

The deterioration of mortgage underwriting was a classic example of what economists call ______________.

Answer 31

The principal agency problem

Question 32

Public housing, help for renters, and supporting states and committees with funds for developing housing programs are which type of federal subsidy?

Answer 32

Supply-side (or project based)

Section 8 housing and rental subsides come under this plan.

Question 33

The primary disadvantage of tax incentives for equity investments is that they are ______________.

Answer 33

Inefficient

A substantial portion of each tax expenditure dollar goes not to brick and mortar but to the “transaction costs of raising investment capital and to providing a return on the capital invested.”

Question 34

Combined, both types of tax expenditures for investments in rental housing and mortgage revenue bonds housing currently account for about _____% of total housing-related tax expenditures?

Answer 34

16%

Question 35

What element of interior design refers to movement and guides the eye through the room?

Answer 35

Line

Question 36

Craftsman housing is characterized by large amounts of what in the homes?

Answer 36

Interior woodworks

Question 37

According to the most common standard for affordability in the US, what percentage is a person’s income would be considered affordable for housing?

Answer 37

30%

Question 38

Which is often used by lenders to secure a home equity loan?

Life/disability insurance
Credit cards
Nothing
The borrower’s wages

Answer 38

Life/disability insurance

Question 39

Private mortgage insurance is usually required by the holder until the owner has what percent equity in the home and requests cancellation of the payment?

Answer 39

20%

Question 40

Which plan shows the buildings, utility runs, and equipment layout, the position of roads, and other constructions of an existing or proposed project site?

Foundation
Plot
Floor
Elevation

Answer 40

Plot plan

Question 41

Which plan shows the front or side of something? (They are essential in kitchen design)

Plot
Floor
Foundation
Elevation

Answer 41

Elevation drawings