In this video we will describe the difference between
age-restricted and age-targeted communities designed for mature adults.
Age Targeted or Age Restricted Community: Which is it?
You probably know about fair housing laws, more specifically the Fair Housing Act, making it illegal to discriminate against people in certain protected classes. One of those classes is called familial status, making it unlawful to refuse to sell or lease to people with children.
I’m guessing you already knew this, but what you may not know is there is an exemption that certain neighborhoods or complexes may have which is called HOPA or the Housing for Older Persons Act. Under this ruling, certain neighborhoods can deny access to those under a certain age group (usually either age 55 or 62). There are certain criteria they must follow to do this.
If a community is truly age-restricted it means they fall under these guidelines and may truly turn people away who are under a certain age - including people with or without children. This may stand to reason when you think about what we often hear called “Retirement Communities,” but what about regular neighborhoods in and around your city?
It can be confusing when it comes to looking around online or at billboards in today’s market.
While some communities don’t fall under HOPA - they may market themselves as being designed for active adults, retirees, or seniors. These are called age-targeted communities. Such neighborhoods or complexes cannot legally restrict younger people or families with children from living there.
You may be asking why this matters. It may not matter to you today, but it could matter to you down the road.
Let’s say in a few years something happens and you want your pre-teen grandchild or niece to come live with you for the summer or school year. If you live in a truly age-restricted community, this may go against their covenants.
Or, let’s say you develop a progressive illness that requires you to need care, so you ask your daughter (who is under the age requirement for your community or neighborhood) to move in with you. Some communities may allow this short-term, but not longterm.
Some people are very intentional about wanting to live in a place with no children, while others do want children or a more diverse age range to live nearby. That’s why it’s important to ask for clarification about the status of the community.
Keep in mind that not all real estate agents are up to speed on these distinctions either. While our team specializes in such matters, some agents are just as confused as their clients when it comes to what it means to be a 55+ community that is either age restricted or age targeted.
Naturally, if you have more questions about any neighborhoods designed for those age 55 and older, give us a call at 405.708.7010. We are happy to help!
Our team of Certified Downsizing Coaches at Buckelew Realty Group,
along with our sister company of Senior Move Managers® at OKC Mature Moves,
are happy to help with all your downsizing needs in and around Oklahoma City.
Just give us a call for a free consultation 405-708-7010.
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