Golden Hills Estates 2

What Golden Hills Estates 2's governing documents say

This is a deed restriction (an affordable housing covenant) for a property within Golden Hills Estates 2. It binds the current and future owners of that specific lot to income limits and resale restrictions in exchange for a subsidy. It does not govern the broader community's rules.

• Affordability & income limits: The property is restricted to Very low- (≤30% AMI), low- (≤50%), or moderate-income (≤80%) households, adjusted for household size. Buyers must meet these income limits at purchase.
• Resale restrictions & subsidy repayment: During a five-year retention period (60 months), any sale requires repayment of the AHP subsidy, reduced by 1/60 per month of ownership. The repayment amount equals the subsidy minus the seller's documented investment in the property.
• What this document doesn't cover: This document does not address HOA rules, assessments, pets, parking, leasing, or any other community regulations. It is a single lot deed restriction.

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.