Griswold Unit Owners Association The

What Griswold Unit Owners Association The's governing documents say

This is a Declaration of Restrictive Covenants for Affordability, not a full HOA or condo rulebook. It applies to a single dwelling unit at 312 Truce St. in Durham, NC, built by Habitat for Humanity, and it binds the owner to keep the home affordable for income-eligible buyers for 10 years.

• Affordability restrictions: For 10 years from the certificate of occupancy, the unit must be sold only to an income-eligible buyer (per HUD rules) and at a price set by the City to keep it affordable. The restriction suspends during a lender foreclosure but revives if the prior owner or related parties reacquire the property.
• Enforcement & amendment: Habitat for Humanity (the Declarant) can enforce these covenants through lawsuits, injunctions, and damages. The declaration cannot be amended without Habitat's written consent, and it automatically terminates after the 10-year affordability period.
• What this document doesn't cover: This is not a community rulebook — it contains no rules about pets, parking, leasing, maintenance, or common areas. It only imposes the affordability restrictions described above.

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.