Quote:
Originally Posted by JoMar
The Housing for Older People (HOPA) act amends the Fair Housing Act. Under section 2, a community intended and operated as a 55 and older community (that's us) at least 80 percent of the occupied units are occupied by at least one person who is 55 years of age or older. If the number of people age 55+ in a given community falls below the 80 percent threshold, the community could lose its age-restricted status (and loss of such status would be permanent). That means that an over 55 woman and her 19 year old significant other would be eligible to live here. That also provides an option for the developer to sell the other 20% of the houses to those under 55. However, in either case the house could not have children under 19. Once the community meets the HOPA requirements and does not violate State Law the Community can make adjustments i.e., change to a 60 and older, restrict to 55+ or have a younger age eligible. So the short answer to your question is that yes, someone under 55 can buy and live in TV, but the amendment (signed by President Clinton) is not exclusive to TV. How this place ends up after build out is anyone's guess but for now, TV seems to be operating under the 80 - 20 formula.
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Nice response. You obviously did your homework. I have taken the liberty of highliteing(sp?) what I feel is a key part of your post and one that is overlooked too often.