Capital a Condominiums

Key facts from Capital a Condominiums's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Property description: Capital A Condomin)

Developer / declarant

Lamppost Housing, LLC (Development Owner), Jocelyn Lisseth Rivera (Grantor for Unit 5), Whitney Leigh Benson (Grantor for Unit 9) (Section 1 (Development Owner definition))

Governing law

Chapter 394 of Texas Government Code, Texas Non-Profit Corporations Act, Section 8 of United States Housing Act (Section 1 (AHFC definition, GNDC definit)

Assessments & dues

Stewardship fee: $25 per month per Unit ($300 per year) (Exhibit 4)

Collections & liens

Covenant subordinate to First Deed of Trust; GNDC may acquire Homeowner's interest prior to foreclosure; surplus proceeds after foreclosure divided between Homeowner (up to Affordable Resale Price) and GNDC (excess); Homeowner prohibited fr (Sections 9, 10, 11, 15)

Reserves & fees

Stewardship Fee Reserves held by GNDC for each Unit, used for capital replacement and repair of specified systems (HVAC, water heater, roof, etc.) (Exhibit 4)

Leasing & rentals

Yes, but restricted: lease ≤3 months per calendar year only if Homeowner complies with occupancy requirement and not within first 5 years of ownership; after 5 years, lease ≤12 months, non-renewable, maximum one lease term per 7-year period (Section 17.B)

Architectural approval

Yes, for capital improvements (cost >5% of purchase price, useful life >10 years) and for any construction requiring a permit; prior written consent of GNDC required (Sections 8.C.i and 14)

Use restrictions

Yes, Homeowner must occupy as primary residence at least nine of twelve months; must declare homestead (Section 16.A)

Amendments

Covenant may not be revised without written consent of GNDC, AHFC, City, and Homeowner; any modification must be recorded in Travis County (Section 23.I)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.