Question 7
Domain 1: Federal Mortgage-Related LawsA housing community wants to restrict occupancy to persons 55 and older. To qualify for the familial status exemption, what percentage of units must have at least one occupant 55 or older?
Correct answer: C
Explanation
The Housing for Older Persons Act allows a community to qualify for the familial status exemption if it is intended and operated for persons 55 and older. The rule requires that "at least 80 percent of the occupied units" have at least one occupant who is 55 or older, along with published policies and age verification.
Why each option is right or wrong
A. 50%
B. 65%
C. 80%
Under the Housing for Older Persons Act of 1995, codified at 42 U.S.C. § 3607(b)(2)(C), a community may qualify for the familial status exemption if at least 80% of the occupied units have at least one occupant who is 55 years of age or older. The statute also requires published policies and procedures demonstrating intent to operate as 55+ housing and age verification of residents, but the numerical threshold tested here is the 80% occupied-unit requirement.
D. 90%