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Independent senior living communities (also known as retirement communities, senior living communities or independent retirement communities) are housing designed for seniors 55 and older. Independent senior living communities commonly provide apartments, but some also offer cottages, condominiums, and single-family homes.
The Act "amend[s] the Fair Housing Act to modify the exemption from certain familial status discrimination prohibitions granted to housing for older persons." [3] The short title is the "Housing for Older Persons Act of 1995." [4] Section 2, defining "housing for older persons", amends Section 807(b)(2)(C) of the Fair Housing Act, [5] as that being
Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
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Sunset Manor at 200 East Pierce Street is a one-story independent living facility for the elderly and low income housing and operates on 30% of income for flat rate/rent and includes all utilities. It consists of 30 efficiency apartments and 1 bedrooms. It is run by the Wakefield Housing Commission under the Federal Housing Department (HUD). [44]
Along with a smaller loan, consider a shorter loan — say, a 15-year mortgage instead of the benchmark 30-year. Yes, your monthly payments will be higher, but your interest rate will be lower.
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