Quote:
Originally Posted by oldtimes
It has to be verified not just your opinion and I would like to know how they comply with this rule.
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First, it’s a HUD certification - so no comments about the developer having the state in its pocket.
Second, you can actually read here - find section 100.306
https://static1.squarespace.com/stat...l+DOC_7770.PDF
And it’s more than the 80% OCCUPANCY rules (not ownership), section 100.305 lays out all the stuff that must happen to be considered senior.
§ 100.307 Verification of occupancy.
(a) In order for a housing facility or community to qualify as housing for persons 55 years of age or older, it must be able to produce, in response to a complaint filed under this title, verification of compliance with
§ 100.305 through reliable surveys and affidavits.
Remember, the legislation was drafted prior to AIRBNB being a thing.
Surveys and affidavit of the 80% rule has to happen every two year.
If you REALLY think more than 20% of the units are occupied by those under 55, FOIA the affidavit.
But just by driving around here, we are no where near 20% under 55.