home purchase for son

home purchase for son

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  #11  
Old 08-14-2017, 04:05 PM
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manaboutown manaboutown is offline
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Originally Posted by Rapscallion St Croix View Post
Oh, it is monitored. HUD requires the community to provide updates bi-annually. If The Villages is found to be outside the parameters it will lose it's status as an age restricted community forever. It would't be long after that before we would have families with small children moving in.
I do not know if the Wikipedia short version of what happened is accurate but the first age restricted retirement community in the United States, Youngtown, AZ, did lose or give up its age restricted status. Youngtown, Arizona - Wikipedia
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  #12  
Old 08-14-2017, 07:27 PM
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Quote:
Originally Posted by Rapscallion St Croix View Post
Oh, it is monitored. HUD requires the community to provide updates bi-annually. If The Villages is found to be outside the parameters it will lose it's status as an age restricted community forever. It would't be long after that before we would have families with small children moving in.
already happening and has for sometime... forget over 55, 20% etc when it comes to money it has no age.. sellers will sell to an buyer the rules be damned.Renting is another loop hole
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Old 08-14-2017, 07:29 PM
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Originally Posted by Bunzl1951 View Post
I just purchased a home for my son. He is 43 with special needs and I will be leasing home to him. Will we be able to obtain resident ID for him?
Thank you
it would seem you would be able to obtain a three year ID Card for your son since you are the deed owner. Once the home is deeded to him he gets a permanent ID
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