Florida Broker Practice Exam

How many units must be occupied by persons 55 years of age or older for a housing exemption under the Fair Housing Act?

1. 70%

2. 80%

3. 90%

4. 100%

The correct answer is: 80%

To qualify for the housing exemption under the Fair Housing Act, the requirement is that at least 80% of the occupied units in a community must be occupied by at least one person who is 55 years of age or older. This exemption is designed to encourage housing specifically for seniors, ensuring that a significant majority of the residents are members of this age group while still complying with the provisions of the Fair Housing Act. This means that if the community consists of 100 units, a minimum of 80 of those units must be occupied by at least one resident aged 55 or older, allowing for a community that caters primarily to the senior population. This exemption not only promotes age-restricted housing developments but also protects the rights of the elderly to reside in such environments.