Vineyard Pointe
Recorded covenants run with the land, but there is no mandatory homeowners association collecting dues.
substantial declaration text with NO association/board/assessment/common-area language
We didn't find proxy provisions in the governing documents on file. This usually means the bylaws haven't been uploaded yet.
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What Vineyard Pointe's governing documents say
Vineyard Pointe is a Low-Income Housing Tax Credit (LIHTC) rental community in Wilmington, NC. This document is a Declaration of Land Use Restrictive Covenants that binds the property owner (not residents) to income and rent restrictions in exchange for tax credits. Residents do not own their units; the rules here govern the landlord's obligations.
- Affordability: At least 40% of units must be rent-restricted and occupied by households earning 60% or less of area median gross income. Additionally, at least 50% of qualified units must be affordable to households at or below 50% of county median income, and at least 25% to households at or below 40% of county median income.
- Rent restrictions: Rents on low-income units are capped per Section 42 of the Internal Revenue Code. The owner cannot increase gross rent above the maximum allowed for those units during the Extended Use Period.
- Lease term & occupancy: Units must be leased to members of the general public who qualify as low-income tenants. The owner cannot refuse to lease to a holder of a Section 8 voucher because of that status. Units must be used as rental housing, not on a transient basis.
- Renter protections: After the Extended Use Period ends, the owner cannot evict existing low-income tenants except for good cause for three years, and cannot raise rents above the Section 42 maximum during that time.
- Duration of restrictions: The income and rent restrictions run for an Extended Use Period of 15 years after the end of a 15-year Compliance Period (total up to 30 years). The restrictions may terminate earlier upon foreclosure.
- What this document doesn't cover: This document does not contain rules for residents (e.g., pets, parking, noise, architectural changes). It is a covenant between the owner and the state housing credit agency. Resident rules would be in a separate lease or community policies.
Key facts from Vineyard Pointe's documents
- Community type
- Low-income rental housing development (known as Vineyard Pointe) (WHEREAS clauses, first paragraph)
- Governing law
- Section 42 of the Internal Revenue Code of 1986, as amended, and applicable regulations (WHEREAS clauses, fourth paragraph; Secti)
- Amendments
- No amendment to Agreement shall apply unless written consent or acknowledgement of NCTRAC obtained; Owner must take actions necessary to comply with Section 42 changes (Section 8(c))
Related associations
Nearby (within 500 m): Camden Forest Townhomes · Durango Place Townhomes · Lullwater Village · Lakeview Condo · Village Square Townhomes · Greenway Village Townhomes · South Kerr Business Center · Mcclelland Townhomes · Capri Estates
About this HOA
Vineyard Pointe is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Vineyard Pointe: 1 CC&R. Last updated 2026-06-01.