True or False: Under the Housing for Older Persons Act, a community can ban children if 80% of its units have at least one occupant aged 55 or older.

Enhance your real estate career and ace your exam with the Real Estate Continuing Education test. Study with interactive quizzes and detailed explanations for each question. Boost your confidence and get exam-ready today!

The statement is true because the Housing for Older Persons Act (HOPA) allows communities to establish themselves specifically for older adults, provided certain criteria are met. One of the primary requirements is that at least 80% of the occupied units must have at least one occupant who is 55 years old or older. When a community meets this threshold, it is legally permitted to restrict residency to older persons, effectively allowing the community to ban children from residing there.

This legislation was designed to create age-restricted communities that can offer environments tailored to the needs and lifestyles of older adults. By ensuring that a significant percentage of residents are of the qualifying age, these communities can maintain their intended demographic and often focus on amenities and events that cater to older individuals.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy