Wednesday, April 8, 2009

Council Rejects Plan to Open Age Restricted Communities to Younger Buyers

ZRA 108 went before the County Council last night. It was a proposal from a local developer to allow up to 20% of homes in age-restricted communities to be purchased by people younger than the age threshold. (In most cases, that is 50 or 55.)

The Council unanimously rejected the proposal. Larry Carson in the Sun:
The bill was requested by Brantly Development Group as a way to attract more buyers during the recession, but council members sided with county planners and with scores of older residents who protested that they bought the specially zoned units because they were restricted for seniors. Changing the rules now would be wrong, they argued.

"I just don't think this is the right direction to go," said Fulton Republican Greg Fox.

"I didn't hear any answers to how homeowners' association would enforce this," said Jen Terrasa, a King's Contrivance Democrat.

"I could not find any redeeming qualities in this bill," said Courtney Watson, an Ellicott City Democrat.
I'm inclined to agree with the Council's findings. There are much broader implications for this kind of zoning amendment. Since these homes are generally priced below market rate for like-styled homes, these could be susceptible to prospectors and other dangers. Also, people who have already bought in these communities purchased homes under a certain set of assumptions about their neighbors. They are entitled to keep that kind of community.

Perhaps a better approach would be to offer to not charge property taxes on purchases of these homes for up to three years so as to encourage people within the age restriction to take the plunge. Builders, though, should not be bailed out for making bad decisions on construction - particularly when it comes to age-restricted communities.

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