Landon Farms Homeowners Association Inc
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Landon Farms Homeowners Association Inc's governing documents say
This is a declaration of restrictive covenants for a single-family home in Landon Farms, Durham, NC, tied to a $30,000 second mortgage loan from the North Carolina Housing Finance Agency (NCHFA) under the Community Partners Loan Pool. It binds the current and future owners of the property for a 10-year affordability period, not the whole community. The rules are about keeping the home owner-occupied and affordable, not typical HOA rules.
- Affordability period: The restrictions last 10 years from March 30, 2021, and may extend beyond the loan term. The period can be suspended by foreclosure or deed-in-lieu, but revives if the former owner reacquires the property.
- Owner-occupancy requirement: The owner must occupy the home as their principal residence within 60 days of the declaration and for the entire affordability period. The home must remain a one-family residence.
- Leasing & rentals: Renting the home or any part of it is prohibited. The home cannot be used as an investment property, recreational home, or second home.
- Business use: The home cannot be used primarily for a trade or business, and the owner cannot deduct any portion of the home as a business expense on state or federal taxes.
- Transfer & refinancing: Any transfer of title or possession without prior written NCHFA approval may trigger legal enforcement. Selling or refinancing during the affordability period does not end the restrictions. If a sale won't pay off the loan in full, NCHFA may accept net proceeds as full satisfaction, but can demand full payment if the price isn't fair market value.
- What this document doesn't cover: This is not a full HOA rulebook. It doesn't cover common areas, pets, parking, architectural review, or other typical community rules. Those would be in a separate HOA declaration or bylaws.
Key facts from Landon Farms Homeowners Association Inc's documents
- Governing law
- Laws of the State of North Carolina (Section 10)
- Use restrictions
- Residence is and shall remain a one-family Residence (Rider #1, paragraph 2)
- Amendments
- Declaration shall not be amended or terminated except by written instrument executed by Lender and Owner or successors, duly recorded in county Register of Deeds (Section 5)
Related associations
Includes: Landonfarms
Nearby (within 500 m): Timberleaf Community Association Inc · Aster Ridge Community Association Inc
About this HOA
Landon Farms Homeowners Association Inc is a homeowners association in Durham, NC.
HOAproxy has 1 document on file for Landon Farms Homeowners Association Inc: 1 CC&R. Last updated 2026-06-10.