Deed Restriction Information

Deed Restriction Guidelines Summary- Refer to this document for the basics of the Waterview Homes deed restriction and the lottery.

Full Deed Restriction Guidelines- Refer to this document for the complete details on the deed restriction.

Full Deed Restriction Covenant- This document is the legal agreement (covenant) that must be signed to gain ownership of a Waterview home.

For more information, visit Impact Development Services’ website here.

Appreciation Calculator- The Deed Restriction requires a 3% appreciation cap on the home per year to ensure the long-term affordability of the home, and while this limits how much the home can appreciate, the homeowner can still earn equity that is not earned renting! Feel free to play around with this appreciation calculator to get a sense of the value captured on the home over time.

CHFA’s Homebuyer Road Map- Homebuyer’s Roadmap is interactive resource gives users the chance to “choose their own adventure,” featuring stops on the homebuying journey that highlight various aspects of purchasing a home, including homebuyer education, understanding credit, selecting a lender, inspections, and appraisals.