Property Information

# of Units: 226 restricted; 56 market
Type: Single family, duplex, & triplex
Occupancy: Owner occupied
AMI Target: 80%-120% AMI
Neighborhood Amenities: Parks, trails, public transit
Construction Complete: Phased 2001-2018

Restrictive Covenant Highlights

Employment: 30+ hours per week in Summit County
Income Limits: 80% – 150% AMI
Property: Owners are allowed to own other property
Appreciation Limit: 3% per year or the change in AMI from year of purchase to sale date
Commission: 3-7% of sale price
Capital Improvements: 10% – 15% of initial purchase price upon approval
Retirement: Partial retirement at age 55; full retirement at age 65
Rent: No short term rental allowed; owners can rent rooms to qualified tenants upon approval

Restrictive Covenants

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