Quote:
Originally Posted by golfing eagles
And I believe you are correct---those are the rules for OWNERSHIP. But do those restrictions apply to those that rent?????
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Sort of. All the rules apply to occupants, not all apply to owners. Keep in mind, Short Term Renters are not "residents", they're "temporary occupants".
The Villages (District) is required to provide HUD with a "certification" that they are in compliance with the 80/20 Rule, every 2 years (not that HUD is very efficient about checking these things).
Failure to meet the Certification, means the community looses it's right to "discriminate" against children (as well as some other benefits).
For many years, I *believe* the certification has been a fairly casual, common sense certification ... "we only sell homes to people over 55".
Just an anecdotal observation, but I suspect the current mix is probably about 92/08, so it's not even close to becoming a legal issue with HUD ... & therefore, not an issue that merits attention by the powers that be.