Active adult communities are becoming increasingly popular. If you are 55 years old or older you may have heard the term active adult communities or age qualified communities, but what are they? Why are they so popular? How do I select the right community for me?
What is an Active Adult Community?
There are three types of Active Adult Communities, Residential, Continuing Care Retirement Communities (CCRCs), and Rental Retirement Communities.
Residential Communities – The communities can be comprised of single family homes, villas, townhouses, or condominium units. Each unit / home is owned by at least one person that is 55 years of age or older. Legitimate Adult Active Communities, obtain a special exemption from Fair Housing that allows a community to be “age qualified” in order to reside in the community.