Sun Lakes Arizona Retirement Community extends age eligibility to 40 and Older
In order for a retirement community to be able to discriminate based upon minimum age of its occupants, as allowed by the Fair Housing Amendments Act of 1988, as amended by the Older Persons Act of 1995, the builder and/or HOA (homeowner's association) must validate that at least 80% of all of the Dwelling Units in the HOA are occupied by at least one individual over the age of 55.
In addition, the CC&R (covenants, conditions, and restrictions) of the HOA may allow the remaining 20% of the dwellings to be occupied by at least one individual 40 and older and still retain the ability to restrict occupancy based upon age. There also shall be no one under the age of 19 residing permanently within the community unless that individual is handicapped and unable to live alone.
Most Arizona active adult retirement communities are governed by HOAs that do not want the burden of monitoring the age of its members and require 100% of all residences to have at least one occupant 55 or older.
Sun Lakes Arizona Retirement Community is the one exception in the Phoenix Southeast Valley. This association changed their rules to allow up to 20% of residences to be occupied by one resident in the 40-54 age group. Few buyers have taken advantage of the Sun Lakes HOA rules to change to date - possibly because they are unaware they are now eligible to buy. As of 9/6/2017 those in the 40-54 age group need not worry about their Sun Lakes purchase being blocked by the HOA for being underage!
Contact Sam when you are interested in buying in a retirement community of like-minded people.
Sam has 27+ years of residential real estate experience transacting homes for sale in Chandler, Gilbert, Mesa, Phoenix, Scottsdale, Tempe AZ, Arizona retirement communities and investment property. He knows what to look for in a home and will point them out to you, gauge the seriousness of a problem and recommend a course of action before you accept the house "as is".
Arizona Associate Broker, Graduate, REALTOR® Institute, CRS, e-PRO, SFR
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