Differences in minimum age is usually established when the original community entitlement and funding is obtained. Other residents must be over 18, but are permitted to be younger than 55. HUD regulations used to require amenities, activities and services that cater to seniors to be provided or available. Although no longer required by law, to be competitive and attractive to a retirement lifestyle, age restricted communities are continuing to offer amenities, activities and services that cater to residents. They might offer golf, tennis, swimming pool and spa, exercise rooms and a variety of clubs and interest groups.
Some older seniors sell their homes of many years and move to an apartment.
This frees up equity that can then supplement income, from interest or dividends earned or by the expenditure of capital. The move frees seniors from home maintenance. Modular Home Communities Modular Home Communities have full time residents or ones who reside only part of the year with them. Generally they are permitted by the jurisdiction to foster affordable housing, or aid families with elderly parents unable to live completely alone. Shared Housing Seniors can share their home, or share the home of another.