Hulen Bend

What Hulen Bend's governing documents say

Hulen Bend in Benbrook, TX, includes multiple affordable rental communities for seniors (e.g., Evergreen at Hulen Bend, The Park at LeBlanc) governed by regulatory agreements that bind the owner/landlord—not residents. These agreements ensure units are rented to income-qualified households, with income limits and rent restrictions lasting 15–30+ years.

• Community type & who is bound: This is a Low-Income Housing Tax Credit (LIHTC) rental community for seniors (55+). The rules bind the project owner/landlord, not tenants. Prospective residents must meet income eligibility to lease an affordable unit.
• Income eligibility (affordability): At least 50% of units must be leased to households earning ≤80% of Area Median Income (AMI), and at least 90% of units to households earning ≤140% of AMI (adjusted for household size). Income is recertified annually.
• Rent restrictions: Rent for affordable units cannot exceed 30% of 80% or 140% of AMI (depending on unit type), divided by 12, per income limits set by HUD's calculator. Rent for market-rate units is unrestricted but must be comparable in quality to affordable units.
• Term of affordability: Affordability restrictions run for a 15-year compliance period plus a 30-year extended use period, for a total of 45 years. The restrictions run with the land and bind future owners, but may terminate earlier upon foreclosure or other involuntary events.
• Senior / age-restricted: The community is designated as senior housing (55+), as indicated by the project names (e.g., 'Senior Community'). The documents do not specify an exact age minimum, but the development is marketed as an active-adult senior community.
• Leasing & rentals: All units must be rented to the general public on a continuous basis. Leases must include income certification provisions. Short-term or vacation rentals (less than 6 months) are not mentioned, but the regulatory agreements require annual occupancy.
• Housing Choice Vouchers: The project must accept Housing Choice Vouchers (Section 8) and cannot discriminate based on source of income. Tenants using vouchers must have a monthly income of at least 2.5 times the portion of rent not covered by the voucher.
• What this document doesn't cover: These are regulatory agreements between the housing finance corporation and the owner. They do not address typical HOA rules like pets, parking, architectural changes, or unit maintenance responsibilities for tenants. For those, refer to the individual lease agreement or property rules.

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.