Quote:
Originally Posted by Dr Winston O Boogie jr
What do you mean by tightly run? We've posted what the law says several times. The Villages or any other over 55 community has no right to deny people the right to purchase a home as long as the guidelines are met.
Why do you refer to this as a loophole? It's simply the law. As long as some one is over the age of 19 and 80% of the units in the community are occupied by at least one person over the age of 55 they have the right to live here. They may rent, live with parents or own the home in which they live. I don't know for sure, but if they have no person over 55 living un their unit, and if we got below 80% of the homes having a person over 55 in them, they might have to move out.
As far as records being kept, since this is a federal law, I would think that it would be mandatory that records are kept. I wouldn't be surprised if an annual report has to be made to some government agency in order to keep our status as an over 55 community.
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Doc. They do have a right, the 80% is a minimum. The 20% is there to give them a cushion in the event an 55+ loved one dies. What they allow in the 20% is up to the community.
We were not allowed to buy a condo in Norton, MA
AFTER we already owned a home in The Villages because no one in the home would be 55+.
It is up to the community if they allow homes without a 55+ occupant. The Villages is looser than the community in Norton.
What happens if they go under 80%? They no longer are an over 55 community and can no longer deny access to anyone, including young families.