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Real Estate
The Real Estate Adviser |
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June 28, 2007
The Real Estate Adviser: One man helped many to see senior housing niche
By TOM KELLY
Special to the Journal
Special to the Journal
Why is there a need for senior housing specialists? Why the focus on persons over 55?
The housing decisions and choices for persons over the age of 55 began to increase in 1988. That's the year the Federal Housing Act was amended to prohibit discrimination based upon disability or family status. The inclusion of families as a protected category suddenly collided with the operation of retirement or adult communities, so the 1988 amendments included exemptions for housing developments that qualified as housing for people over the age of 55.
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Previous columns:
- The Real Estate Adviser: Lots to learn about the over-55 homebuyers, 06-21-2007
- The Real Estate Adviser: Father's Day brings up summer lake memories, 06-14-2007
- The Real Estate Adviser: Keeping home equity loans all in the family, 06-07-2007
- The Real Estate Adviser: Reverse mortgage on your second home, 05-31-2007
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- The Real Estate Adivser: Mortgage forgiveness can bring a tax penalty, 05-17-2007
- The Real Estate Adviser: Foreclosure rescue scams on the rise, 05-03-2007
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