Warranteed West

What Warranteed West's governing documents say

This is an affordable housing covenant recorded for Warranteed West, a rental housing project in Glendale, AZ. It binds the property owner (Homeward Bound) to federal HOME Program rules for 15 years — limiting rents, restricting tenants to low-income households, and protecting tenant rights. Residents are renters who benefit from these restrictions; this is not a typical HOA or condo rulebook.

• Affordability & rent limits: At least 20% of HOME-assisted units must rent to very low-income families (≤50% of area median income) at rents no more than 30% of that income. The remaining units must rent at the lesser of HUD fair market rent or 30% of 60% of area median income. Rents must subtract a utility allowance for tenant-paid utilities. Rents are reviewed and approved annually by the Arizona Department of Commerce.
• Income eligibility: Throughout the 15-year affordability period, all units must be occupied only by households qualifying as low-income (≤60% of area median income). If an existing tenant's income rises above the limit, they may stay but must pay the lesser of the rent under state/local law or 30% of adjusted monthly income. Income is recertified annually.
• Lease & tenant protections: Leases must be for at least one year unless both parties agree otherwise. The lease cannot include certain prohibited terms, such as waiving the tenant's right to sue, admitting guilt, allowing the owner to evict without court proceedings, or requiring the tenant to pay attorney fees if the tenant wins a lawsuit. Owners must use written tenant selection policies that are fair and maintain a waiting list.
• Period of affordability: The affordability restrictions run for 15 years from project completion. The covenant runs with the land and binds all future owners. After foreclosure, the period may be suspended but revives if the original owner regains ownership.
• Property maintenance: The owner must maintain the property in accordance with HUD housing quality standards (24 CFR 882.109) and all applicable local codes and zoning ordinances.
• Affirmative marketing: The owner must adopt affirmative marketing procedures, including using equal housing opportunity logos, advertising in minority-owned media, and reaching out to groups least likely to apply. Records of marketing efforts must be kept and made available for inspection.
• What this document doesn't cover: This document only covers affordability restrictions and tenant protections under the HOME Program. It does not address typical HOA rules like pet limits, parking, architectural review, or common area maintenance. Those would be governed by separate documents.

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.