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Furthermore, most communities stipulate that if anyone under the age of 55 resides in their community, they must live in a household where at least one occupant is 55 or older. Nearly all age-restricted and active adult communities allow people under the age minimum, such as grandchildren, to visit and stay on a limited basis.
An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary.
While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure. Lower income retirement communities are rare except for government subsidized housing, which neglects a large proportion of older adults who have fewer financial resources. [11]
Currently, the rent is a little over $480 for all residents at Brookfield Meadows Park, which Fry projected will increase to between $700 and $800 within four years ‒ after which, he said, “it ...
The new phase is located near the community’s exclusive Regency amenities currently under construction and features greenbelt home sites. Regency at Esperanza offers contemporary single-family home designs by Toll Brothers, ranging from 1,625 to over 3,206 square feet of living space with 2 to 4 bedrooms, 2 to 4.5 bathrooms, and 2- or 3-car ...
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The development does have age restrictions: 80% of the homes must be occupied by a resident aged 55 and over; and permanent residents under 19 are not allowed. Across the way, Sweetbrier is less ...
Some communities are tied to an adjoining, apartment-style independent senior living community. Residents may have the option to rent or buy. Continuing Care: Communities that provide access to independent living communities, as well as assisted living and skilled nursing. Residents can transfer among levels of care as needs change.
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