Quote:
Originally Posted by Posh 08
"They" say 20% must be under 55, but nobody knows who is keeping track.
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It’s not about the 20%, it’s about the 80%. The federal Housing for Older Persons Act (HOPA) requires that
at least 80% of the homes be occupied by at least one person that is 55+. The developer can do whatever he wants about the other 20%. They could require 100% to be 55+ if they wanted. This doesn’t just apply to The Villages, it is for any 55+ community nationwide. My last community in another state was 55+ and they required that every home had at least one occupant that was 55+. I assure you that someone is keeping track of the percentages. They could lose their HOPA designation otherwise.
See page 2 of this link for the details:
http://www.hud.gov/offices/fheo/library/hopa_final.pdf