Woodbury Highlands by Davidon Homes
Woodbury Highlands Clubhouse
Woodbury Highlands Oak Tree Park
Program Documents & Disclosures
Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement
with a 45-year term.
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
OPPORTUNITY DRAWING #615 - 2/6/2025 BUYER SELECTED
Vista Flats - 60 Woodbury Highlands Place #10
1 Unit: 3 Bedroom / 2 Bathroom
Approx. 1360 Sq Ft
Restricted Sales Price: $616,850
Solar Lease: $104- $111/month
*Monthly HOA: $635.58 to $657.25 per month
Special Assessment Tax: $165/mo
Homeowners Insurance: HO6
Property Designated AMI: 120% - Up to Moderate
Occupancy Standard:
Minimum: 2
Maximum: the BMR program has no rule. The city may have other max occupancy safety codes.
Resale Restriction Terms: 45 Years (Review the documents; see link above)
The City does NOT have a first-time homebuyer requirement to be eligible for the program.
Please refer to the ODN (Right) for additional information
Important Deadlines
Drawing Entry Deadline: 10/17/2024 @ 5 pm
Initial Items Due by 10/17/2024 5 PM (Initial Items due from everyone; please see the Opportunity Drawing Notice for details)
Ranking results will be published approx. 11/7/24
File Submission Deadline: 11/21/24 @ 5 pm (Additional Items due from everyone; please see the Opportunity Drawing Notice for details)
RESOURCES
15 BMR units will be available and release in 4 phases
Residents will enjoy the exclusive use of a community clubhouse with full kitchen, lounge, fitness center and expansive sun deck. The sophisticated small town charm of downtown Lafayette is just minutes away, offering an eclectic array of shops, restaurants, theater venues, professional services, and miles of scenic trails within the beautiful Lafayette Reservoir recreational area
Here are a few Virtually Staged pictures from a Vista Flats Unit and the community areas
Highland Rows
Highland Rows features private attached one car garages two-story and three-story homes with two bedrooms.
Vista Flats
Vista Flats consists of private one and two car garages, private elevators with plans B1 and B2 only, one and two story designs with two or three bedrooms.
The renderings, aerial photos and videos, and virtual exhibits furnished by Davidon are advertisements prepared for conceptual purposes only, are approximate and are not guaranteed. For further details, the plans and specifications are on file at the sales office for your review upon request during normal business hours, and such plans and specifications control in case of conflict between the plans and specifications and the renderings, photos, videos, and virtual exhibits. In order to continuously improve its product, Davidon reserves the right to change maps, floor plans, exteriors, materials, specifications and prices without notice.
