How to Use HOPA to Legally Build a 55+ Co-Living Home
The CoLiving Insider
0:00 / 0:00
How to Use HOPA to Legally Build a 55+ Co-Living Home
11 просмотров · 5 дн. назад
The CoLiving Insider
16 подписчиков
11 просмотров · 5 дн. назад
Can you legally rent rooms only to people 55 and older, and turn away younger renters and families with kids? For most rentals, the answer is no. But one federal law changes that: HOPA, the Housing for Older Persons Act. In this video, you'll learn what HOPA allows, the three rules you must follow to use it, and the question you need answered before you list a co-living home as 55+.
In this video:
How the Fair Housing Act treats families with children
What HOPA allows for housing intended for people 55 and older
The 3 rules for 55+ housing: the 80% rule, written intent, and age verification every two years
The 80% rule in a real co-living house: 5-room and 6-room examples
How one bad lease can cost you the exemption
What HOPA does not change, especially disability protections
Why state and local law still matter
The question to ask a fair housing attorney before you advertise 55+
Sources:
HUD, Fair Housing Act: Housing for Older Persons
42 U.S.C. 3607(b) (Fair Housing Act exemption for housing for older persons)
24 CFR 100.304 to 100.307 (HUD regulations on 55+ housing)
Would you build a 55-and-older co-living home? Tell us in the comments.
This video is for education only and is not legal advice. Fair housing rules vary by state and city. Talk to a fair housing attorney in your state before restricting housing by age.
The Co-Living Insider covers the co-living and shared housing model for real estate investors and operators.
#CoLiving #SilverLiving #realestateinvestingwithnomoney
music clearance code: PT47ZO3NJZPQWITG