Special offer

When wilI I qualify for 55+ housing? 2297 more days & counting..

By
Real Estate Technology with Rentec Direct

senior housing pic

 

I don't know about your area but here in Oregon, especially in the retirement community that we live in 55+ housing seems to be the majority.  It might not be but sure does seem like it.  When I was shopping for a rental about 6 months ago I was getting tired of seeing these 55+ vacancies but nothing for the 55 and under group.  Don't get me wrong I am happy that I am not that age quite yet but man it is hard to find a rental around here. 

 

Why is this allowed?

 

This type of age restricted rental listings, intended for senior housing is allowed by Federal Fair Housing Act.   Senior housing communities are classified by the Department of Housing and Urban Development as:

 

* All occupants are 62 or older

or

* 80% of the units have at least one tenant that is older than 55

or

*HUD established the housing development as a senior housing community under some federal, state, or local government program.

 

NOLO offers some good tips on "Senior Housing Basics" another good read is "What's Up with those 55+ Rental Ads"

 

Wish I could start a 55 and under housing program! =)

 

----------------------------------------------------------------------------------------------------------------------------------------------------

   

Kathryn~

 

Rentec is your easy yet powerful all-in-one property management solution.  Learn more

 

Need tenant screening?  We have you covered there too.  Learn more.

 

 

 

 

 

 

Comments (4)

Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

55+ communities are becoming more popular out here although they are only a few to choose from currently. 

Aug 04, 2016 02:52 AM
Kathryn .

I guess if we live in a retirment community we can expect it however I would love to see younger families thrive here better than they do now

Aug 04, 2016 06:27 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Kathryn - this is a growing market for everything as baby boomers are going through this cycle of their lives.

Aug 04, 2016 04:47 AM
Kathryn .

Oh..that is it!  Those baby boomers! =)

Aug 04, 2016 06:27 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Well Kathryn

This is interesting and we have our fair share of 55+ rentals in Vegas but also many that are not. Maybe Grants Pass in Oregon is an area that attracts elderly persons? It is quite beautiful there and relaxed or it could be that when families grow up and the parents get older they don't want to take care of a home, so they rent 

Aug 04, 2016 10:00 AM
Kathryn .

Yes, it is actually tagged as a "retirement community".  Many come from California to retire but of course more and more people are moving up here for other reasons now.  ;)

Aug 04, 2016 11:21 PM
Roy Kelley
Retired - Gaithersburg, MD

Nothing will stop you from creating an innovative housing program.

Have a great Friday and an outstanding weekend.

Aug 04, 2016 10:40 PM
Kathryn .

Very true!


Have a great weekend Mr. Roy Kelley!

Aug 04, 2016 11:56 PM