Community Investments Strategies

Key facts from Community Investments Strategies's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

100 (Section 2 '4-story, 100-unit apartment b)

Developer / declarant

New Jersey Housing and Mortgage Finance Agency

Governing law

New Jersey Housing and Mortgage Finance Agency Law of 1983, N.J.S.A. 55:14K-1 et seq. (Section 1 'Act' definition)

Age restriction

true (Section 3(g): 'owned, managed, and opera)

Leasing & rentals

6 months (Section 3(c): 'not be utilized at any ti)

Maintenance

Owner shall maintain Project and Land in good repair to provide decent, safe, and sanitary housing (Section 14: 'maintain the Project and th)

Insurance

Property insurance at full replacement value, liability insurance ($1M per occurrence personal injury, $1M property damage, $10M umbrella), business income (1 year gross rent), fidelity bond (1.5x monthly rent roll) (Section 11)

Use restrictions

true (Section 3(a): 'owned, managed, and opera)

Amendments

This Agreement may be amended only by written agreement of the parties, and if required, with consent of Trustee (Section 33: 'This Agreement may be amend)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.