Under HOPA, what percentage of units must have at least one person aged 55 or older?

The correct percentage of units that must have at least one person aged 55 or older, according to the Housing for Older Persons Act (HOPA), is 80%. HOPA was enacted to encourage the development of housing specifically for older persons, which allows communities to restrict occupancy to persons aged 55 and older, provided they meet certain criteria.

One of the key requirements under HOPA is that at least 80% of the occupied units must have at least one resident who is at least 55 years old. This mandate helps ensure that these housing communities maintain their status as predominantly senior housing, which offers a unique lifestyle tailored to the needs of older adults.

Understanding this requirement is essential for anyone involved in real estate or housing management, especially in communities designated for older residents, as it governs how these communities can operate and who can reside in them.