Prairie Oaks Park Homeowners Association

What Prairie Oaks Park Homeowners Association's governing documents say

This is a regulatory and land use restriction agreement for Timber Oaks Apartments, a multifamily rental community in Grand Prairie, Texas. It binds the property owner/landlord, not residents, and sets affordability and occupancy rules as a condition of tax-exempt bond financing. If you are a prospective renter, this document tells you the community is income-restricted and rent-limited, but it is not a typical HOA rulebook.

• Affordability: At least 40% of units must be rented to Low-Income Tenants (households earning 40% or less of area median income). Maximum rents for 100% of units are capped at 30% of income for a family earning 50% of area median income, adjusted annually.
• Income verification: The owner must collect and verify tenant income certifications annually, and tenants must provide accurate income information and comply with requests for verification.
• Persons with special needs: At least 5% of units are set aside for persons with special needs (including elderly, disabled, or those caring for them), with reasonable accommodations and modifications required.
• Lease terms: Units must be rented on a continuous basis to eligible tenants; no transient or short-term occupancy (e.g., hotel, motel, or tourist home) is allowed.
• What this document doesn't cover: This is not a homeowners association or condominium rulebook. It does not cover pets, parking, architectural review, or common area maintenance. It only addresses income restrictions, rent limits, and occupancy requirements for the rental property.

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.