Crestmoor Park
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Crestmoor Park's governing documents say
This is a regulatory agreement for Crestbrook Apartments, a 177-unit affordable rental community in Burleson, TX. The rules bind the owner/landlord (Fannie Mae and successors), not residents. The project is financed with tax-exempt bonds and must serve low- and moderate-income households.
- Affordability & income restrictions: At least 90% of units must be occupied by Qualifying Tenants (adjusted gross income ≤ $45,000, adjusted annually for inflation); at least 20% must be occupied by Lower-Income Tenants (income ≤ 80% of area median). Residents must provide sworn income certifications.
- Lease terms & occupancy: Leases must be for at least 30 days (no transient, hotel, or short-term use). No dwelling unit may be used as a hotel, motel, dormitory, or nursing home. The owner cannot give preference to any class except qualifying tenants.
- Restrictions on transfer & conversion: The owner cannot sell, lease, or transfer the development without the issuer's consent; the buyer must assume the agreement. The property cannot be converted to condominium ownership during the qualified project period.
- What this document doesn't cover: This is a regulatory agreement for rental housing — it does not include homeowner association rules, pet policies, parking rules, architectural standards, or any requirements for residents beyond income certification and lease terms.
Key facts from Crestmoor Park's documents
- Community type
- multifamily rental project (Crestbrook Apartments) (Preamble, page 1; Section 3(a), page 6)
- Units / lots
- 177 apartment units (Exhibit A, page 22)
- Governing law
- Texas Housing Finance Corporations Act, Chapter 394, Texas Local Government Code (the Act) (Preamble, page 1)
- Leasing & rentals
- All units shall be rented to members of the general public; preference for Qualifying Tenants and Lower-Income Tenants is allowed but not required (except as otherwise required) (Section 3(d), page 7)
- Parking & vehicles
- Concrete parking lots provided (Exhibit A, page 22)
- Use restrictions
- Development must be operated as multifamily residential rental property; no transient use (minimum 30-day rental); not a hotel, motel, dormitory, etc. (Section 3(a), (c), page 6-7)
- Amendments
- Amendment only by written instrument executed by all parties, in accordance with Section 7.09 of the Indenture (Section 17, page 16)
- Amenities
- Two club houses, child care facility, fully landscaped and sprinkled (Exhibit A, page 22)
About this HOA
Crestmoor Park is a homeowners association in Burleson, TX.
HOAproxy has 1 document on file for Crestmoor Park: 1 recorded document. Last updated 2026-06-10.