HOPA - Ensuring our community's future
The Housing for Older People Act* (HOPA)was approved by the Senate and House of Representatives and signed into law in 1995. This federal legislation was designed to protect residents of 55+ communities, ensuring those communities are exempt from the Fair Housing Act** which allows people of any age to purchase property within a planned retirement residential common interest community.
This federal law states that it is legal for communities to market themselves as "55+"or "age-restricted" provided they maintain that 80% of the residential units are occupied by at least one person who is 55 years of age or older. However, if the number of persons age 55+ in a given community falls below the 80% threshold, the community could lose its age-restricted status (and loss of such status would be permanent).
What does this mean for Silver Ridge Park Westerly?
Without HOPA, for those of us who bought homes here in Westerly with intentions of enjoying our retirement among our peers, losing our 55+ status could change everything that we enjoy socially and economically.
What can You do to ensure SRP Westerly remains a 55+ community status?
What else can You do to help?
SRP Westerly HOA will keep you current on community participation and progress throughout the 2024 survey.
https://www.hud.gov/program_offices/fair_housing_equal_opp/fair_housing_act_housing_older_persons