plan 247 Flashcards
What is Aging out of foster care & homelessness?
When youths reach the age limit for foster care (18-21), they lose state support, leading to risks of homelessness due to lack of stable housing, education, and employment.
Define Community Land Trust.
Nonprofit that manages land for residents, preserving affordability and preventing foreclosures.
What is the Community Reinvestment Act?
Law encouraging banks to meet credit needs in low-income neighborhoods.
Explain criminalization of homelessness.
Policies that penalize activities of homeless individuals, like sleeping in public spaces, without addressing the root causes.
What is a Density Bonus?
Zoning incentive that allows higher housing density in exchange for affordable units.
Define Domestic violence and homelessness eviction.
When individuals leave homes due to abuse, often leading to homelessness without access to safe housing.
What is Fair Share Housing?
Policies ensuring equal access to residential housing for all income groups.
Explain Fannie Mae and Freddie Mac.
Government-sponsored enterprises that provide stability to the mortgage market by buying loans from lenders.
What is the Federal Housing Administration (FHA)?
A U.S. agency that insures mortgages, making it easier for people to obtain home loans with favorable terms.
What is a General Obligation (GO) Bond?
Bonds issued by municipalities, backed by the issuer’s credit, often used for public projects.
Define Gentrification.
Process where rising property values displace long-term residents as neighborhoods become more expensive.
What is the Home Owners Loan Corporation (HOLC)?
Government agency that provided low-interest loans to help homeowners avoid foreclosure during the Great Depression.
What are Housing Acts?
U.S. laws addressing housing issues, including public housing, urban renewal, and mortgage support.
Define Housing Authority.
Public agencies managing housing for low-income families, providing affordable rental options.
Explain Housing Choice Voucher/Section 8 housing.
Federal program that subsidizes rent for very-low-income families, the elderly, and disabled.
What is Housing First vs. Traditional Homeless Shelter?
Housing First provides permanent housing without conditions, while traditional shelters may have requirements like sobriety.
Define the Housing Market.
System of buying, selling, and renting residential properties, driven by supply, demand, and economic conditions.
What is the Housing Trust Fund?
Federal program that grants funds to states for creating and preserving affordable housing for low-income households.
Explain Inclusionary Zoning.
Policies that require or encourage developers to include affordable units in new housing projects.
What is Exclusionary Zoning?
Zoning practices that limit certain housing types, often excluding lower-income groups.
Define Low Income Housing Tax Credit (LIHTC).
Tax incentive encouraging the development of affordable rental housing for low-income households.
What is Missing Middle Housing?
Housing types between single-family homes and large apartments, like duplexes, to bridge the housing gap.
