Quote:
Originally Posted by kansasr
Federal Register 24 CFR Part 100; section 760.24-760.37 (4a), Florida Statutes
For a community to be considered "housing for older persons" as a 55+ community, the housing must be intended and operated for occupancy by persons 55 years of age or older and meet the following requirements:
At least 80% of the occupied units are occupied by at least one person 55 years of age or older.
The facility or community publishes and adheres to policies and procedures that demonstrate its intent to in fact be a provider of housing for older persons.
The facility or community complies with rules established by the U.S. Department of Housing and Urban Development (HUD) for verification of occupancy.
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It’s the 80/20/rule, difficult to enforce and impossible to comply, no one under 20 years old can be a permanent resident (Limited to 3 month only), most people either live in the parents titled home or on a home that is owned by a trust, but the 80%/20% Rule applies