Barron's Branch
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Barron's Branch's governing documents say
This is a regulatory covenant for Barron's Branch, a Low-Income Housing Tax Credit (LIHTC) rental community in Waco, TX. It binds the property owner to keep a share of units affordable to low-income households for at least 30 years, with specific income and rent limits. If you're considering renting here, this document outlines the affordability rules and tenant protections that apply.
- Income & rent limits: At least 40% of the 92 units must be rented to households earning no more than 50% or 60% of the area median gross income (AMGI). Rents are restricted to match those income levels, and the owner can only raise rents as permitted by IRS Section 42.
- Affordability commitment: The affordability restrictions last for a 15-year compliance period plus an extended use period, totaling at least 30 years from the date the development was first placed in service.
- Tenant protections: During the extended use period, the owner cannot evict tenants of low-income units except for good cause, and cannot increase rents beyond what the tax credit rules allow.
- Special needs set-aside: At least 5% of the units are set aside for persons with special needs, including those with disabilities, veterans, homeless individuals, and others listed in the agreement. The owner must market these units affirmatively.
- Amenities & accessibility: The owner must provide a minimum set of amenities (e.g., laundry, fitness, community space) and comply with accessibility standards, including units fully accessible for mobility and hearing/vision impairments.
- What this document doesn't cover: This is not a typical HOA or condo rulebook; it contains no pet rules, lease duration limits, or architectural review. It only defines the owner's affordable-housing obligations to the Texas Department of Housing and Community Affairs.
Key facts from Barron's Branch's documents
- Community type
- Low-income rental housing development (apartments) (Recitals; Section 4(c))
- Units / lots
- 92 units (including 77 Low-Income Units) (Section 4(c))
- Developer / declarant
- Barron's Branch, LLC, a Florida limited liability company (First paragraph; Signature block)
- Governing law
- Section 42 of the Internal Revenue Code; Texas Government Code Chapter 2306 (Recitals; Section 1)
- Assessments & dues
- Annual compliance monitoring fee: $40 per unit (not less than $100 total per development) (Section 7(a))
- Reserves & fees
- Mandatory deposits to fund necessary repairs (referenced in enforcement section) (Section 6(e))
- Use restrictions
- Units must be used as residential rental units; no unit may be treated as other than residential rental unit for Section 42 purposes (Section 4(c))
- Amendments
- May be amended only by written instrument executed by both Development Owner and Department, recorded in county real property records; Department may require amendment to comply with Code (Section 8(c))
About this HOA
Barron's Branch is a homeowners association in Beverly Hills, TX.
HOAproxy has 1 document on file for Barron's Branch: 1 recorded document. Last updated 2026-06-16.
Governing documents
- DOC85S1444 (27 pages) — PDF