80/20 rule

[shortsaler]

I have a friend that is 50 and would like to purchase in The Villages..does anyone know how that works with the 80/20 rule? Is there a waiting list of sorts or ???? Any help is appreciated! Thanks!

[Twinspin60]

My husband and I are both only 52 and had no problem purchasing a lot to build our home. We came down with the intention of purchasing either a pre-owned home or new bur couldn't find one that had everything we loved so decided to build. As long as no children residing with you no problem with the age and "no waiting list." Were even told couples as young as late 30's are buying as an investement--hope this answers your friend's question.

[billethkid]

there is no rule when buying/selling a resale.
And as said above most likely no problem when buying new either.

btk

[graciegirl]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

[Mack184]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.
Agreed. Our children are grown & out and we are not in the mood to raise anybody else's kids. While we are not unfriendly people we stay away from anything marked "kid friendly" or "family friendly" like it was the plague. I'm 57, my wife is 50 and we like our peace & quiet and we like to communicate with people who are our own age and share our generation's experience. As Bill Cosby once said..Parents are not interested in justice..they only want quiet!!

[obxgal]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

Graciegirl ... I am sooooooooooo with you on this one. Thank heaven the "No one under the age of 19" is still in force. I thought retirement communities were for us older folks.

[tommy steam]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

I do agree with you. I think the idea of a retirement village will be lost if it is opened up to younger people. Just my thoughts.:shrug:

[Virtual Geezer]

I have a friend that is 50 and would like to purchase in The Villages..does anyone know how that works with the 80/20 rule? Is there a waiting list of sorts or ???? Any help is appreciated! Thanks!

I think cash in hand over rules the 80/20 requirement.

VG

[Skybo]

Actually, it's a federal law that requires 80% of the homes be occupied by at least one person that is at least 55.

[ilovetv]

When I was in my 30's, I wish I had had $200,000 extra dollars lying around, to buy a home in TV for my parents.

[eweissenbach]

I think cash in hand over rules the 80/20 requirement.

VG

Actually, it's a federal law that requires 80% of the homes be occupied by at least one person that is at least 55.

Cash in hand would not be enough if the 20% ceiling had been reached, however it has not, nor is there a likelyhood that it will ever be.

[ilovetv]

From HUD:

Questions and Answers Concerning the Final Rule Implementing
the Housing for Older Persons Act of 1995 (HOPA)


Title VIII of the Civil Rights Act of 1968 (the Federal Fair Housing Act), as amended by the Fair Housing Amendments Act of 1988 (the Fair Housing Act), prohibits discrimination in housing and real estate-related transactions based on race, color, religion, sex, national origin, handicap and familial status (in general, the presence of children under the age of 18 in the household). The prohibition against discrimination based on familial status became effective March 12, 1989. The Act contained a provision exempting "senior" housing from the prohibition against familial status discrimination.

The Housing for Older Persons Act (HOPA), signed into law by President Clinton on December 28, 1995, amended the housing for older persons exemption against familial status discrimination. The HOPA modified the statutory definition of housing for older persons as housing intended and operated for occupancy by at least one person 55 years of age or older per unit........"

http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_7769.pdf

[CaptJohn]

I can't imagine why 30 year olds would want to live in a retirement community even as nice as TV.

[wendyquat]

Me either Capt John! I don't think there will be enough of them to make a dent in us more mature folk!

[ugotme]

It is my understanding that in order to qualify as a "senior residence" there can be no less than 80% ownership by someone age 55 or over. If you fall below the 80% mark, you could become an "open community" which would then have to allow children in (under 19).

[Madelaine Amee]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

I am very much in agreement with this post. But, just this week I became aware of a situation which gave me concern ........... an acquaintance of ours has moved to extended living; the son lives in TV and has taken over their home and put "his" son into this property. This is a young man, is no where near retirement age, likes to play loud music at night, and the list goes on...................... It's early days yet, and things may return to normal, but knowing this could happen bothers me.

[tainsley]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

No one is going to yell! I am sure most would agree with you. I remember moving into our neighborhood when our kids were young (and so we're we). We raised our children and in the blink of an eye all those years passed and we were the "nice, elderly couple" in the neighborhood! Although we lived in a wonderful neighborhood, we wanted to be amongst people our age.

[RayMan]

Gracilegirl .... It's been my observation, that the younger Villagers in their 30's, 40's, etc...are not here to raise children, and are not the type that would "dismiss" anyone because of their age. Being one of those "younger folks" myself and associtiating with many....I can assure you that most are here to look after their ill or lonely parents. Many others are here working throughout our community...thus assisting the young, and old alike. Dismissing anyone because of their age, is precisely what you state was done to you...and two wrongs, don't make a right. Fortunately my "older" neighbors have welcomed me...and love that they can always count on me to help them with moving heavy items, computer questions, etc. Just sayin....

[EdV]

It is my understanding that in order to qualify as a "senior residence" there can be no less than 80% ownership by someone age 55 or over. If you fall below the 80% mark, you could become an "open community" which would then have to allow children in (under 19).

I’ve heard a lot of misquotes regarding the 80% requirement of HOPA, but you got it right.

And to clarify it further, it’s not based on the percentage of population, it’s based on a percentage of homes. For example in a senior community with 1000 homes, as long as 800 of those homes had a resident 55 years of age or older, it would qualify for protection under HOPA even if that community also had 1200 residents under the age of 55.

[paulandjean]

Gracilegirl .... It's been my observation, that the younger Villagers in their 30's, 40's, etc...are not here to raise children, and are not the type that would "dismiss" anyone because of their age. Being one of those "younger folks" myself and associtiating with many....I can assure you that most are here to look after their ill or lonely parents. Many others are here working throughout our community...thus assisting the young, and old alike. Dismissing anyone because of their age, is precisely what you state was done to you...and two wrongs, don't make a right. Fortunately my "older" neighbors have welcomed me...and love that they can always count on me to help them with moving heavy items, computer questions, etc. Just sayin....

I agree, Very well spoken.Two wrongs,don't make a right.

[bonrich]

Love to have our grandchildren come to visit us in the Spring. But, oh boy, after a week in the family pool............!!

[downeaster]

When someone says that folks in their 30's can buy here, I feel disappointed. We like the concept of an adult community and expected to find mostly over 55 residents. We left a world of younger people who sometimes dismissed us because of our age.

That does not mean we don't have friends of all ages, but hoped to find our peer group here. Living with people who have finished their careers and raising their children and who have lived at least five decades is comfortable and nice for me.

Please don't yell at me. That is how I feel.

I share your concern, Gracie. I have been thinking about the 80/20 rule since this thread started. I decided to do some checking.

The law allows up to 20% of the units to be occupied (not owned) by non-qualifying persons for any reason. If more than 20% of the units are occupied by non-qualifying persons (“good” reasons do not matter) the exemption may be lost and law suits could result on the basis of discrimination against families.

A census could be required in order to determine if the 20% has been exceeded.

I tend to agree with those posters who feel it is unlikely we will ever see the 20% exceeded. I would hope the District is keeping some sort of score to assure we never reach that position.

By the way, has anyone heard of a 55 plus community losing their exemption?

[rubicon]

Actually, it's a federal law that requires 80% of the homes be occupied by at least one person that is at least 55.

Skybo: Agree but my question for the last six years is "What individual or organization is performing the necessary testing to ensure compliance of the 80/20 rule ?

[ugotme]

Skybo: Agree but my question for the last six years is "What individual or organization is performing the necessary testing to ensure compliance of the 80/20 rule ?

This is usually done by either the Board of Directors and/or the Management Comppany.

[ilovetv]

It's really a matter of the exemption TV and other "adult communities" get from the federal housing law that prevents age discrimination against families who have children.

In exchange for getting up to 80% of homes belonging to 55+ people, we "give up" up to 20% possibly occupied by under-55 people.....but we still keep the prohibition against under-19 people living here in 100% of homes.

In addition to the protection of no children/teens under 19, we also have deed restrictions against parking "oodles of large vehicular toys on wheels" in driveways etc., and we have far more adult-only pools and sport pools (which only age 30 and older people can use) than family/child pools.

We also have the "protection" of the 30-days per year visiting limit on grandchildren or other visiting children. From what I can see, if we do have to put up with bratty little kids and their parents who do not correct bratty behavior, 30 days is the limit on that.

The only annoyance I can think of from an under-55 neighbor would be loud music or partying, or driving drunk thru the hood, but those are things over-55 people do too.

I've read many times here on TOTV that someone has an elderly neighbor whose television blasts because the person cannot hear and doesn't realize it's so loud that neighbors hear it.

In the end, those who could aggravate us because of their immature behavior are outnumbered by the 80%.

[Skybo]

Skybo: Agree but my question for the last six years is "What individual or organization is performing the necessary testing to ensure compliance of the 80/20 rule ?

Rubicon, I don't know who does it, but I feel confident that it is being done. I'm sure that records have to be provided and that audits are conducted by both the federal government and the state of Florida (because there are also Florida statutes that apply here). I can't imagine that the developer would do or not do anything that would put TV at risk of losing it's "senior community" designation.

[rubicon]

This is usually done by either the Board of Directors and/or the Management Comppany.

Thank you. Now do they publish the auditing results???????

[mulligan]

board of directors of what ? Management company of what ?

[eweissenbach]

I can't imagine why 30 year olds would want to live in a retirement community even as nice as TV.

I played golf at Palmer with two men in their 30s to early 40s who live here with their wives. They are friends and all live on the same street. Both have home offices and travel a lot. They and their wives each love to golf and thus their interest in TV. According to them, they, and their wives, loved life in the Villages.

[Down Sized]

I played golf at Palmer with two men in their 30s to early 40s who live here with their wives. They are friends and all live on the same street. Both have home offices and travel a lot. They and their wives each love to golf and thus their interest in TV. According to them, they, and their wives, loved life in the Villages.

Why would anyone this age want to be around all us old farts???:cus:

[ugotme]

board of directors of what ? Management company of what ?

Sorry, I was not referencing The villages with that comment. I currently live in a senior community by Ft. Lauderdale. We have to provide Tallahassee with a census for the 80/20 rule.

[Virtual Geezer]

By the way, has anyone heard of a 55 plus community losing their exemption?

A better question would be "Anyone know anyone under the age of 55 that has been officially turned away".

VG

[mulligan]

Age is easily tracked by the ID card system. Can even track guests w/guest pass , all in a database.

[downeaster]

board of directors of what ? Management company of what ?

A lot of these communities are governed by a Home Owners Association that hires a management firm to conduct their affairs. Our community is governed by the Community Development District. Our CDD would be responsible for conducting a survey if we were challenged.

There are more angles to this subject than a ping pong game. If you google "55 plus communities" you will see what I mean. For starters take a look at http://palawblog.stark-stark.com/uploads/file/4_29_09%20ACF%20CAI%20PA%20Expo%20Packet.pdf
That site may have been mentioned earlier in this thread.

Also google "Housing for Older Persons Act".

I have waded through a lot on this subject and feel I have a good understanding of how it applies to us. However, explaining it would be like trying to explain Einstein's Theory of Relativity.

I am confident our District government is going to keep us in compliance.