In December 2010, the Hartford Courant reported that the age-restricted housing market in Connecticut had “hit a wall” — builders were unable to sell units, residents of existing developments were unable to re-sell, and developers and residents of approved and partially occupied developments were petitioning local officials for relief from the restrictions.
Whether the problems of selling or re-selling age-restricted units are the result of the overall challenges in the housing market, over-saturation of the age-restricted market, or both, with some 200 age-restricted developments across Connecticut and the oldest Baby Boomers turning 65 this year, the critical issue arises: Can a land use board’s approval of age-restricted housing be revised or undone?
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