Bellaire Heights

What Bellaire Heights's governing documents say

This is a set of individual deed restrictions for specific homes in Bellaire Heights, a community in Lewisville, TX, under the Federal Home Loan Bank of Dallas's Homebuyer Equity Leverage Partnership (HELP) Program. These documents bind the property owner (and future owners) to affordability-related restrictions for a 5-year retention period, but they are not a full HOA rulebook governing the entire neighborhood.

• Affordability restrictions: The property received a direct subsidy (up to $18,000 or $10,000 depending on the document) to assist with purchase. For 5 years, any sale or transfer must either be to a low- or moderate-income household (income at or below 80% of area median, adjusted for family size) or require repayment of a pro-rata portion of the subsidy. Refinancing during the retention period may also trigger repayment unless the property remains restricted.
• Retention period: The restrictions last 5 years from the closing date (specific dates: 4/27/2020, 7/26/2021, or 9/18/2020 depending on the property). After the retention period, the subsidy repayment requirement expires, but the deed restrictions may still encumber the property if not released.
• What this document doesn't cover: These deed restrictions only address affordability and subsidy repayment. They contain no rules about pets, parking, architectural controls, common area maintenance, or other typical HOA regulations. They do not bind the entire Bellaire Heights community, only the individual properties listed.

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.