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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. These communities are set up to accommodate older individuals who ...
A typical independent senior living community resident is a person 55 and older who is mentally and physically capable of living alone without skilled nursing or assistance with day-to-day activities. Some residents may need assistance with a few activities of daily living and can obtain third-party home health care services.
One subset of mobile home parks, retirement communities, restrict residents to those age 55 and older. Another subset of mobile home parks, seasonal communities, are located in popular vacation destinations or are used as a location for summer homes. In New York State, as of 2019, there were 1,811 parks with 83,929 homes. [12]
At $4.4 million, the loan covered the cost of the purchase, infrastructure improvements of the community and phasing in lot rent increases, Fry said Wednesday on a visit at his home.
The most infamous 55-plus community, Central Florida’s The Villages, ... Home to more than 79,000 people, according to 2020 U.S. Census data, it sometimes gets bad press, ...
Homes, ranging from previously owned one-bedroom units to new two-bedroom units, cost $70,000 to $145,000. Owners pay a monthly $725-$750 lot fee, which includes water, sewer, recycling, snow ...
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