Landmark
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Landmark's governing documents say
Landmark is an affordable rental apartment community in Arlington, TX — this document is a regulatory agreement between the project owner (the borrower) and bond issuers, not a set of rules for residents. It requires the landlord to keep at least 40% of units rented to low-income tenants (earning 60% or less of area median income) and bans leases shorter than six months. Residents are not directly bound by this document; their lease terms will incorporate these requirements.
- Affordability & income limits: At least 40% of units must be rented to 'Low Income Tenants' whose adjusted income is 60% or less of the area median income (Fort Worth-Arlington area). Tenants must provide income certifications initially and annually. If a tenant's income later exceeds 140% of the limit, the next available unit must be rented to a qualifying low-income tenant.
- Leasing & rentals: No dwelling unit may be leased for a period of less than six months. The project cannot be used as a hotel, motel, dormitory, or similar transient use. Units must be available for rental to the general public on a continuous basis.
- Occupancy restrictions: No unit can be occupied by the borrower (owner) except that one unit may be used by resident managers or maintenance personnel. Units cannot be used on a transient basis. The project cannot be converted to condominium or cooperative ownership during the Qualified Project Period (at least 15 years after 50% occupancy).
- Landlord obligations & enforcement: The owner/borrower must maintain income certifications, submit compliance reports quarterly to the trustee and issuer, and allow inspections. Default can lead to specific performance or other remedies. The owner must include these restrictions in any transfer of the project.
- What this document doesn't cover: This regulatory agreement does not contain rules for residents (e.g., pets, parking, noise, use of common areas). Those are governed by the individual lease agreement and any separate community policies. This document primarily binds the landlord, not tenants.
Key facts from Landmark's documents
- Community type
- Affordable Housing — income/rent restricted (LIHTC/HOME/etc.)
- Units / lots
- 296 (Exhibit B: "consisting of 296 units")
- Governing law
- Texas Local Government Code, Chapter 394 (Page 3: "pursuant to the Texas Local Gov)
- Reserves & fees
- $1,500 payable to Issuer upon sale/transfer of Project (Section 10(c): "paid to the Issuer a tra)
- Leasing & rentals
- At least six months (Section 3(c): "leased or rented for a pe)
- Use restrictions
- Yes, multifamily residential rental only (Section 3(a): "The Project will be acqui)
- Amendments
- Requires written instrument executed by parties, recorded in Tarrant County, and opinion of Co-Bond Counsel that amendment will not adversely affect tax-exempt status (Section 21: "This Regulatory Agreement s)
Community amenities
≈ 11 homes
About this HOA
Landmark is a homeowners association in Arlington, TX.
HOAproxy has 1 document on file for Landmark: 1 recorded document. Last updated 2026-06-08.