Champions Circle Property Owners Lp

What Champions Circle Property Owners Lp's governing documents say

This packet is a collection of separate recorded agreements affecting different parcels within the Champions Circle development in Fort Worth, TX, not a single community rulebook. The document most relevant to residents is the Low-Income Housing Tax Credit (LIHTC) land use restriction for Churchill at Champions Circle, an affordable rental community. Other instruments impose use restrictions on adjacent commercial land and protect an exclusive use for a Jiffy Lube. If you are considering renting or buying here, this is not a typical HOA/condo declaration—it's a set of targeted covenants on specific plots.

• Affordable rental (income & rent limits): The Churchill at Champions Circle development must lease 100% of its units to households earning 60% or less of the area median gross income (adjusted for family size). Rents are restricted to no more than 30% of the imputed income limitation for each unit, and these limits apply for an extended use period running until the later of the date in the referenced Addendum B or 15 years after the end of the 15-year compliance period.
• Occupancy & transfer rules: Units must be occupied on a non-transient basis and meet habitability standards. The development owner cannot sell or transfer the property without the Texas Department of Housing and Community Affairs' written approval, and any successor must assume the LIHTC obligations in a written agreement.
• Restrictions on adjacent commercial land: A separate 2022 Use Restriction Agreement prohibits the adjacent Developer Property from using land for mini-warehouses, tire/brake shops, bulk distribution warehouses (like Amazon), light manufacturing, and overnight parking/storage of utility or commercial vehicles. These restrictions expire on the later of 3 years from June 2022 or when the adjacent MF Owner Property stops operating as a horizontal rental project ('Expiration Date').
• View corridor limits: Within a designated 'View Corridor' on the Developer Property, no permanent buildings are allowed, and shrubbery or general landscaping cannot exceed 12 feet in height (excluding existing/planted trees). Utility poles, signage, and ground-level covered parking are exemptions.
• Exclusive use for a quick-lube business: A 2020 Declaration grants exclusive use rights to the Jiffy Lube parcel, prohibiting any other occupant of the Restricted Parcel from operating a business primarily providing oil changes or quick lube services. These rights automatically terminate if the Jiffy Lube parcel goes unused for oil-change services for 12 consecutive months after its building is constructed.
• What this document doesn't cover: This packet does not contain typical homeowners association rules such as general property maintenance, architectural review (beyond the view corridor), pet limits, lease minimums (for non-LIHTC units), or common-area details. There may be a separate HOA declaration for other parts of Champions Circle not included here.

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.