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Can you buy in a 55+ community if you are younger?
A: The short answer is yes, you can buy a property, However, one of the individuals living in the home must be over 55. For example, your Mom could live there and you (under 55) can live there as long as she does.
Who can buy 55+ community?
When looking at most 55+ community requirements, there are two standard rules. The first says that each household must have a resident who is 55 years of age or older. The second of the 55+ community rules pertains to the remaining members of the household—spouses, partners, and children.
Do 55+ communities make exceptions?
55 & Older Housing – what does that mean? The Federal Fair Housing Act prohibits discrimination because of race, color, religion, sex, handicap, familial status or national origin. The Housing for Older Persons Act (HOPA) is an exception that allows communities to operate as “55 or over” housing.
Do you have to be 55 to buy in a 55 community in Florida?
In Florida 55+ communities there is a federal law that governs all our age-restricted communities. According to this law, at least 80 percent of the occupied units must have at least one resident who is 55 years of age or older. This means that no one in the community can be younger than 45.
What is the 80/20 rule in 55+ community?
What is the 80/20 rule in a 55+ community? For a community to be considered 55+, 80 percent of its units must be resided by a minimum of one person with an age of 55 and above. There’s no specific requirement for the remaining 20 percent.
Are 55+ communities legal?
Families with children are protected under the Fair Housing Amendments Act (“FHAA”), correct? Yes. The FHAA makes it unlawful for an association to discriminate based on familial status.
What is the Hopa exemption?
Federal Law The Housing for Older Persons Act of 1995 (HOPA) (Pub. Senior housing facilities and communities are exempt from liability for familial status discrimination under HOPA. Exempt senior housing facilities or communities can lawfully refuse to sell or rent dwellings to families with minor children.