Housing Development

Question 1

U.S. Department of Housing and Urban Development (HUD)

Answer 1

federal agency responsible for housing and urban development policies and programs

Question 2

Community Development Block Grant (CDBG)

Answer 2

HUD funding for community development (e.g. affordable housing, anti-poverty programs, infrastructure)

Question 3

Low Income Housing Tax Credit (LIHTC)

Answer 3

is a dollar for dollar tax credit in the United States for affordable housing investments

Question 4

New Market Tax Credit (NMTC)

Answer 4

tax credit incentives to investors for equity investments in low-income communities

Question 5

Area Median Income (AMI)

Answer 5

HUD uses median income for families in metropolitan areas to calculate limits for eligibility in a variety of housing programs.

Question 6

Redlining

Answer 6

The illegal, discriminatory, and unprofitable practice of denying or limiting services and products to low-income and minority communities or the overcharging of financial services and products to these communities

Question 7

Greenlining

Answer 7

An investing practice recognizing profitable business opportunities in low-income and minority communities and providing quality financial services and products at a fair price that contributes to creating wealth and improving the quality of life for all communities
- www.greenlining.org

Question 8

The Greenlining Coalition

Answer 8

Coalition of Asian/Pacific Island, Black, and Latino community leaders as well as faith-based organizations, minority business chambers, community development corporations, environmental justice groups, traditional civil rights organizations, and minority media outlets.

Question 9

Community Reinvestmetn Act (CRA)

Answer 9

• The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. 2901) and implemented by Regulations 12 CFR parts 25, 228, 345, and 195, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate.