Woodbury Highlands by Davidon Homes

Announcement: OD 701 and 702 are now accepting files on a First Come First Serve!

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.

Announcements

OWe are accepting applications on a First-File, First Served Basis for OD 701 and 702!

Important Information

• Each BMR unit includes a one-car garage, and there is no additional on-site parking available for a second vehicle.

• The Builder only offers weekend hard hat tours by appointment due to active construction during the week, which poses safety risks. For these tours, I’ll have visitors sign construction waivers and require them to wear hard hats, so unfortunately, no pets or small children are allowed.

RESOURCES

• Learning Library

• How-to and Informational Videos

• How to get started and prepare a file

• Register for HUD Approved 1st Time Homebuyer course

• Housekeys Application Form

• Complete (Full) File Document Checklist

• Lender List and Forms: Click Here

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

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.