NPR stated that one person in the home has to be 55 or older at time of purchase. Not correct.
Because of federal regulations to prevent age discrimination in communities where federal loans (FHA, VA) are often provided for mortgages, up to 20% of the housing units must be kept available for people under 55, even though it can be billed as an "over 55 age community. Thus age discrimination is avoided at the high end. Thus, age 55 communities can require that no person under the age of 19 live in that community.
__________________
Anderson Indiana---Indianapolis Indiana--- Village of Poinciana Full Time
|