Some investors and I are the principal purchasers of a new apartment development in Colorado Springs, CO. We're wondering how we can go about making our community a 55+ community. Who do we talk to, and what rules do we have to follow?
On the HUD website it says only that:
- At least 80 percent of the units must have at least one occupant who is 55 years of age or older; and
- The facility or community must publish and adhere to policies and procedures that demonstrate the intent to operate as "55 or older" housing; and
- The facility or community must comply with HUD's regulatory requirements for age verification of residents
This all seems a bit too easy to me, but can't really find step-by-step directions anywhere to do this. Any thoughts or ideas on the proper person to talk to about this?
Thanks a million BP!