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Federal Reserve Bank of Boston Economic Quiz

For Sale? For HOW much? - Affordable Housing, Vouching for the High Expense in Boston 1) Over the three-year horizon of 1998 to 2000, the estimated median sales price of a single-family home in Greater Boston in 2001 rose, in nominal terms, by 20.3% 30.3% 40.3% 50.3% 2) In 2000, the rental vacancy rate in the Greater Boston area was 1.7% 2.7% 4.7% 6.7% 3) Which of the following HUD housing affordability programs allows renters choice in where they live: HOPE I HOPE IV Section 8 ROSS 4) The U.S. Department of Housing and Urban Development (HUD) has qualified rental housing as 'not affordable' if the median rental price in a city or town is 50% greater than the median income the median rental price in a city or town is 30% greater than the median income a household is paying more than 50% of its income in gross rent a household is paying more than 30% of its income in gross rent Created with QuizScript

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Economic quiz written by: Anne vanGrondelle - February 3, 2003 Views expressed in the economic quiz are those of the individual author.