Quote:
Originally Posted by BrianL99
The regulations are enforced and the Developer is required to submit their conformance plan to HUD for approval. I suspect the Developer is very careful about selling homes to buyers under 55, as maintaining compliance is critical to the Developer's business/marketing model.
Why you ask?
Without the "qualified housing for older Americans" exemption, the Developer loses all rights to "discriminate". In other words, if the Developer was audited and lost their status (exemption), they could no longer restrict "age" or occupancy in any way. Not only would that completely obliterate their marketing philosophy, the lawsuits from existing residents would be crippling.
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From a ToTV perspective, the latter would produce great content though!