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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.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Leisure World is a gated, 55+ adult age restricted community [1] located on a county island, in Maricopa County, Arizona, United States. The community is sovereign to, and surrounded by, the city of Mesa. Established in 1973, the community consists of nearly 500 condominiums and over 2100 single family residences (2,664 homes total). [2]
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
The Villages, a gated community with low crime rates, [36] offers "free golf for life" on their executive golf courses. [ 37 ] Colleges have created options for retired alumni who enjoy campus life, for example, at the University of Florida in Gainesville and Eckerd College in St. Petersburg 's College Harbor Retirement Community, with its ...
5. The Villages. 2022 1-bedroom rent: $756.00. Monthly expenditures: $1,593.23. In The Villages -- an adult retirement community and census-designated place located in central Florida -- 84% of ...