![]() Identify the party responsible for enforcing your ADU covenant. Alternatively, your deed and ADU covenant are available from the D.C. These should be included among the documents you received when you purchased your home. Review the provisions of your ADU covenant and deed. How do I know what restrictions there are on the resale of my home? Unless your affordability covenant states otherwise, ADU owners are responsible for paying the same monthly condo or HOA fees that market-rate owners pay. If I own an ADU, am I still responsible for condominium or homeowners’ association (HOA) fees? Subsequent sales prices are generally determined by the methods described in the above FAQ about maximum resale prices. Initial ADU sales prices are typically set at the amount that a household at the designated income level can afford, assuming a reasonable mortgage loan interest rate and terms, down payment percentage, insurance costs, and condominium or homeowner’s association fees. DHCD is currently guided by the Inclusionary Zoning program, where appropriate, in applying occupancy pricing standards and occupancy limits to ADUs. The size of a household may also be a factor in the size of the unit for which a household may qualify. AMI is calculated annually and is adjusted by a factor of 0.1 for every household member above or below four (4) for local programs. For example, the income limit for an ADU for a single (1) person household is lower than the income limit for a four (4) person household. Income limits increase in proportion to household size. Your household size may determine what size ADU you are eligible to purchase or rent.ĭoes it matter how many people are in my household? The occupants may be a single family, one person living alone, two or more families living together, or any other group of related or unrelated persons who share living arrangements. Department of Housing and Urban Development defines a "household" as all the persons who occupy a housing unit. You may order copies of specific covenants from the D.C. A property may have one or more covenants associated with it, and these documents define the specific rules with which the property must comply. This is the median income for a twenty-jurisdiction metropolitan area that includes the District of Columbia, five Maryland counties, and fourteen Virginia cities and counties.Īffordability restrictions such as the length of time a unit remains affordable, the targeted income level for the unit, annual reporting requirements, and the resale restrictions, are typically detailed in a covenant, a document recorded in the District’s land records maintained by the Recorder of Deeds. The 2010 AMI at 100% for the DC metropolitan area is $103,500 for a family of four. The maximum income for a household that rents or purchases an ADU is determined by adjusting the listed AMI by the stated percentage and by household size. The Area Median Income (AMI) is the median income of a certain geographic region defined annually by the US Department of Housing and Urban Development (HUD). In addition, households that seek to purchase or rent an ADU are encouraged to utilize In fact, many for-sale and for-rent ADUs are required to be listed on this website. ![]() ![]() ![]() Where should I begin my search?ĪDUs are often advertised for sale and for rent through traditional real estate marketing channels. I am looking for an ADU to purchase, or rent. The below questions and answers may not fully apply to your ADU, but should be helpful to understand how DHCD administers its ADU program Below are a few questions and answers that have been asked regarding ADUs. ![]()
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