Quote:
Originally Posted by Pturner
Federal law requires 55+ communities to allow 20 percent of the residence to be under 55.
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This gets stated this way often and I think it is backwards. As always I could be wrong.
The law states that 80% of households MUST have one owner that is 55+ to get whatever benefit the over 55 commiunity gets. It does NOT say the community must allow 20% of the household that are under 55. It is the communities choice as I read it.
To back this up, "My lovely wife" and I were denied buying a foreclosure in an over 55 in Norton, MA as neither of us were 55. This was after we were owners in TV