Cottonwood Ranch Apartments

What Cottonwood Ranch Apartments's governing documents say

Cottonwood Ranch Apartments is an affordable rental community in Casa Grande, AZ (300 units). This document is a regulatory agreement that binds the property owner to federal HOME Program requirements for a 20-year affordability period, specifically governing at least 7 units reserved for low-income households. It sets rules on tenant income limits, rent caps, lease terms, and tenant protections, but does not address resident conduct, amenities, or common area maintenance. Prospective tenants should note that most units are not covered by these restrictions, but the 7 designated units are for households earning ≤50% of area median income with rent capped at Low HOME Rent levels.

• Affordability restrictions: At least 7 units (floating, scattered throughout the project) are designated as State-Assisted Units for a 20-year term starting at project completion. These units must be rented to low-income households and cannot be converted to market-rate during the affordability period except under limited circumstances.
• Income & rent limits: For the 7 assisted units, tenants must initially earn no more than 50% of area median income. Rents cannot exceed the Low HOME Rent (e.g., $1,052 for 2-bedroom, $1,215 for 3-bedroom, $1,356 for 4-bedroom, plus utility allowances). Annual rent increases require Arizona Department of Housing approval.
• Lease requirements & tenant protections: All leases must be in writing, for a term of at least 12 months. Certain lease terms are prohibited, including agreements to waive legal rights, pay landlord's attorney fees if tenant wins, or accept supportive services. Tenants cannot be evicted without cause (serious lease violations, law violations, or other good cause); income increases alone are not grounds for termination. A 30-day written notice is required before termination or non-renewal.
• Nondiscrimination & affirmative marketing: The owner must not discriminate based on race, color, religion, sex, disability, familial status, or national origin. A written tenant selection policy must include affirmative fair housing marketing, outreach to protected groups, and a waiting list in chronological order. Advertising must include the Equal Housing Opportunity logo or slogan.
• What this document doesn't cover: This document does not set rules for residents (e.g., pet limits, parking, noise, use of common areas) – it solely binds the owner to affordability and compliance with the HOME Program. Details on most of the 293 market-rate units are not provided.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.