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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.
subsidized housing for lower income older adults. [6] [better source needed] Retirement communities are often built in warm climates, and are common in Alabama, Arizona, California, Florida, Georgia, Hawaii, Louisiana, Mississippi, Nevada, and Texas, but they are increasingly being built in and around major cities throughout the United States.
The subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used. [ 4 ] According to a 2018 study, major cuts in rental subsidies for poor households in the United Kingdom led to lowered house prices.
Median home prices are about 30% higher today than pre-pandemic, outpacing income gains made in the same period. Higher mortgage rates, rising insurance costs, and elevated property taxes add ...
Independent senior living communities commonly provide apartments in USA, but some also offer cottages, condominiums, and single-family homes. Residents include seniors who do not require assistance with daily activities or 24/7 skilled nursing, but may benefit from convenient services, senior-friendly surroundings, and increased social ...
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